S.19.3-19: Economic Freedom Zones Act of 2019 2.0 (Failed)

[Deep Dixieland Senator, Muad'dib (OSR MSR)]

Economic Freedom Zones Act of 2019 2.0
   To grow wealth in low-income urban and rural communities.
In the Southern Chamber of Delegates

The Bill
   To grow wealth in low-income urban and rural communities.

Section 1: Short Title
   This policy will be titled the Economic Freedom Zones Act of 2019 2.0

Section 2: Findings
   The Chamber of Delegates finds the following
(1)   Low-income communities are unable to spur job growth and increase economic output in their communities
(2)   Middle class and wealthy communities are able to do this under the current tax system
(3)   Many low-income communities would like to rebuild themselves without interference from government
(4)   Incentives ought to be provided to local businesses in low-income communities and other businesses in the South
(5)   Culture is important in these communities and it’s crucial for the communities to hire from within

Section 3: Implementation
   The Chamber of Delegates proposes the following in three phases:

Short Term:
   The best way to spur growth in communities is to reduce the crowding-out effect of government. Allow business owners and individuals from these communities the free reigns of deciding how to conduct economic growth
(1)   Repeal the following regional business taxes: Corporate income tax, capital gains tax, and the payroll tax
(2)   Adding a tax credit of $250 to each business per new hire of an individual from their home community
Mid Term:
   Reinvestment is crucial to the survival of low-income communities. Tax cuts help create the environment. Reinvestment creates the pillar that allows said communities to flourish.
(1)   Double the amount of expensing of all business costs
(2)   Appoint officials to coordinate with business owners in areas with restricted land to lower restrictions.

Long-Term Reinvestment:
   Increasing both economic opportunities and economic mobility in these disadvantaged communities.
(1)   Create a voucher program for communities designated as Economic Freedom Zones.
(2)   Provide a new $1500 tax credit per child for parents or guardians
(3)   Establish a new Business-Academic Tax credit for businesses that provide scholarships or financial aid to employers and residents in their communities.
(4)   Increase the number of Southern resident applicants in order to raise the number of entrepreneurs

Sponsor: Delegate DeadPrez

[Deep Dixieland Senator, Muad'dib (OSR MSR)]

As it's Small and Medium business that provide the majority of jobs I think they should be the ones to receive the benefits rather than multinationals. I am also not in favor of repealing ALL taxes. Business that have decided to partake in TIPS are already receiving a permanent tax cut off the nominal rate.

Would an amendment to Section 3.1 to read:

Small and Medium Businesses will receive a 48% cut on the nominal Corporate income tax, capital gains tax, and the payroll tax. These will expire 10 years after the implementation of this bill.

This would mean that if these businesses also opted in to TIPS that they would receive an effective 50% tax cut on corporate, capital gains & payroll taxes and this tax cut won't be a permanent fixture. This means that local businesses have incentives to establish themselves but wont have a permanent competitive advantage over other businesses outside the Economic Freedom Zone.

Employment is important and providing incentives for small an medium businesses will help to provide the best form of social welfare. A Bloody JOB!

[Deep Dixieland Senator, Muad'dib (OSR MSR)]

I motion for a final vote.

[Deep Dixieland Senator, Muad'dib (OSR MSR)]

aye

Voting hasn't opened but I will accept this as a proxy.

[Deep Dixieland Senator, Muad'dib (OSR MSR)]

aye

I motion for a final vote.

As there have been no objections and one delegate jumping the gun to vote on this.

Voting is now open on S.19.3-19: Economic Freedom Zones Act of 2019 2.0.

Sounds the bells. (Delegates will be DM'd)


The Bill reads as Follows:

Economic Freedom Zones Act of 2019 2.0
   To grow wealth in low-income urban and rural communities.
In the Southern Chamber of Delegates

The Bill
   To grow wealth in low-income urban and rural communities.

Section 1: Short Title
   This policy will be titled the Economic Freedom Zones Act of 2019 2.0

Section 2: Findings
   The Chamber of Delegates finds the following
(1)   Low-income communities are unable to spur job growth and increase economic output in their communities
(2)   Middle class and wealthy communities are able to do this under the current tax system
(3)   Many low-income communities would like to rebuild themselves without interference from government
(4)   Incentives ought to be provided to local businesses in low-income communities and other businesses in the South
(5)   Culture is important in these communities and it’s crucial for the communities to hire from within

Section 3: Implementation
   The Chamber of Delegates proposes the following in three phases:

Short Term:
   The best way to spur growth in communities is to reduce the crowding-out effect of government. Allow business owners and individuals from these communities the free reigns of deciding how to conduct economic growth
(1)  Small and Medium Businesses will receive a 48% cut on the nominal Corporate income tax, capital gains tax, and the payroll tax. These will expire 5 years after the implementation of this bill and a vote to renew the tax cuts will occur.
(2)   Adding a tax credit of $250 to each business per new hire of an individual from their home community
Mid Term:
   Reinvestment is crucial to the survival of low-income communities. Tax cuts help create the environment. Reinvestment creates the pillar that allows said communities to flourish.
(1)   Double the amount of expensing of all business costs
(2)   Appoint officials to coordinate with business owners in areas with restricted land to lower restrictions.

Long-Term Reinvestment:
   Increasing both economic opportunities and economic mobility in these disadvantaged communities.
(1)   Create a voucher program for communities designated as Economic Freedom Zones.
(2)   Provide a new $1500 tax credit per child for parents or guardians
(3)   Establish a new Business-Academic Tax credit for businesses that provide scholarships or financial aid to employers and residents in their communities.
(4)   Increase the number of Southern resident applicants in order to raise the number of entrepreneurs

Voting Options are:
[   ] Aye
[   ] Nay
[   ] Abstain

[Deep Dixieland Senator, Muad'dib (OSR MSR)]

Aye

[Deep Dixieland Senator, Muad'dib (OSR MSR)]

Voting has closed.

Bill fails.

(I'll fix up the details when I am home properly and not about to rush out the door)

[Deep Dixieland Senator, Muad'dib (OSR MSR)]

I thought we usually got 48 hours

Indeed. We do have 48 hours. I may have made a mistake due to being in a rush yesterday arvo and looking at the posting times in "Atlas time" & my local time. If that is the case I'm sorry for the error. I will look at it properly when I arrive home from work irl.

[Deep Dixieland Senator, Muad'dib (OSR MSR)]

Well I'm glad I did my Maths correctly for when I closed the vote.

The final vote was 3-3, and the question is what is the procedure for breaking a tie.

The standing orders don't provide guidance on this.

which leads to the next question "is a tie, a failed vote?"
If the answer is yes then it is a failed vote.
However, once again the standing orders also don't provide guidance on this either.

Considering this seems to be a new occurrence. I believe that the following should be considered and debated.

Options for Tied Votes
1. Another vote. (24 hours, long)
2. Have the Governor act as the Tie breaking vote.
3. Use Option 1 then if there is a second tie use Option 2.
4. Ties are considered failed votes.

I'll draft up an amendment to the standing orders.

[Deep Dixieland Senator, Muad'dib (OSR MSR)]

I have put S.19.3-24: Chamber of Delegates Voting Clarity Amendment on to the chamber floor. I think it might be best if we debate things in that bill. I believe we should put this thread in stasis for the time being till we debate S.19.3-24. That way we can have clarity over handling the tie.

[Deep Dixieland Senator, Muad'dib (OSR MSR)]

As the chamber standing rules have been amended to provide clarity in the event of a tied vote. The final result is:
S.19.3-19: Economic Freedom Zones Act of 2019 2.0 has Failed

S.19.3-19 Final Vote Tally
[ 3 ] Aye
[ 3 ] Nay
[ 0 ] Abstain
[ 1 ] Absent (John Henry Eden)