Lfromnj for Congress

[lfromnj]

Its been a while Atlasia but Im back
I have generally stayed active as possible when I was a member of congress/council and I promise to keep doing that .
Platform:

Tax reform:
Work on increasing the standard deduction through eliminating higher level deductions.

Spending for COVID Relief:
Despite being a general fiscal conservative as I was years ago when I fought to keep a balanced budget amendment in Lincoln I also kept a backline inside it that allowed for emergency deficit spending in the scenario of an emergency like this where deficit spending is wiser.  

The Big one Comptroller Reform!

Comptroller reform, I would encourage use of a bipartisanly created excel based model that would try more realistically simulate Atlasian economics. A bill needs to be worked on to include multiple variables of our economics that although would still give the Comptroller powers , would at least have a basic agreed upon model.  This will be my main goal in Congress as I have a desire to make the Atlasian economy more interesting.

https://talkelections.org/FORUM/index.php?topic=319622.0

Source for the previous bill is here.

More to come later !
Summer schooling

Sorry kids, you can't vote!. But your parents can
Overall I will look at federal funding of almost full summer summer schooling for this summer to help left behind Atlasian children catch up. This will also help parents return to the workforce. It's a bit unfortunate for the kids but hopefully it can still have a degree brevity to it!.

[lfromnj]

Nope

What!

I thought you were a strong supporter of removing the SALT deduction?

[lfromnj]

Do you support reintroducing PAYGO?

I would be interested in doing more research back into it. Perhaps something similar to the Lincoln Balanced budget amendment would be good.

[lfromnj]

I have started work on a basic proposal of Comptroller reform.





Basically the first picture shows a 40% Federal rate and 60% state rate with no deductions assumed.
The formula works by adding the two rates together and squaring them. After that divide them by a chosen number and I chose 200.   However this is arbitrary and the exact number can be changed. The square can also be changed although I believe the type of curve it creates is interesting as the tax penalty really starts to happen at super high levels.  

   With this tax rate the state would collect only 30% of the income in that bracket and not 60%. The federal government would only get 20%. However if the state reduces the rate to 35% or where the Laffer curve peak lies for total tax rate, the total revenue collected would increase from 50 to 53% despite a tax rate decrease. However the states own revenues would decrease from 30% to 25% or a 15% decrease. The Federal government would have an 8% increase.


If anyone else is interested in working on a model that works on a similar idea, please voice your support !

This basic variable is very crude and just a small proposal to explain my idea.  If anyone wants the simple excel file feel free to pm on discord lfromnj#7220.

Other factors could include increased GDP/income growth within a bracket based on a tax cut or a spending multiplier based on government spending . This will be complex and take many hours for a small group to craft but it will be worth it. A solid 8-10 variables would make the budget so much more interesting !.
So Yes I brought up the "infamous " Laffer curve ,but the fact is that the Laffer Curve exists somewhere we just don't know exactly where. For this example it would be 75%

[lfromnj]

Comptroller reform, I would encourage use of a bipartisanly created excel based model that would try more realistically simulate Atlasian economics. A bill needs to be worked on to include multiple variables of our economics that although would still give the Comptroller powers , would at least have a basic agreed upon model.  This will be my main goal in Congress as I have a desire to make the Atlasian economy more interesting.

I once suggested coding some kind of AI for the economy similar to what is used in say Victoria: Revolutions. It did a failure decent job for the game parameters, though naturally such was rather ambitious for Atlasia.

I'm no expert coder but I have been yearning to practice a bit of excel and a few added variables would be fine for an excel sheet. I'm guessing this job would be for a small committee to create and then once the committee agrees,congress as a whole can vote on it ? I don't imagine all of congress has a desire to work on an excel sheet. The other option is 1 person creates the formulas but congress as a whole votes on what constants shall be used.

[lfromnj]

Would you be willing to chug a jar of moonshine for my vote?

Drinks *Fantasy moonshine.

[lfromnj]

Running for reelection!