Atlasian Budget Congressional Committee

[tmthforu94]

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[tmthforu94]

Unless someone else has a strong desire, I would like to chair the committee.

[tmthforu94]

Let me start by speaking on what I believe the intentions of the committee are. Atlasia first started producing budgets about 4-5 years ago - they provide an excellent opportunity for debate and is usually the bill that has the most discussion each year. For the purpose of this committee, I think our first task is to get a solid template of what our budget will look like. Representative NeverAgain is currently working on producing that - thank you. *hughughug*

Afterwards, we can begin deliberation on revenue and expenditures. The fiscally responsible part of me would prefer discussing our forms of revenue first to determine how much we'll be bringing in, then base our expenditures off that, but others may disagree. Nevertheless, we can go back and forth. I think it is important that we don't "siphon" all of the debate in this thread so that once it is introduced, there is little discussion by the full body. I want us to be able to put out a budget that is detailed and well-organized.

[tmthforu94]

Guys, how about I draft a bill REQUIRING a balanced budget, and government transparency. I can write the specifics soon.

That is definitely something we can discuss - you're welcome to go ahead and draft something up. Right now NeverAgain is finalizing a budget template - it's been a bit slow since he's enjoying the DNC. Once that is posted, we'll be able to start talking specifics on revenue and spending.

[tmthforu94]

Hi everyone,

Sorry for the slowness on my part, I had a computer setback this weekend.

I agree that taxes should be the first place to begin, starting with income, corporate and then excise taxes.

Other ideas are welcome. I have a tax proposal that some of you may have already seen - I'm going to be making a couple tweaks to it and will be posting it either tonight or tomorrow.

[tmthforu94]

Riley brings up a good point - we need to figure out how extensive we want our taxes to be. In real life, there is quite a long list of excise taxes, as well as individual and joint tax brackets. Do we want to keep things reasonably simple as we have done in the past, or do we want to try and model it closer off what America does?

[tmthforu94]

Here is a tax plan that Potus wrote that others have contributed to:

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[tmthforu94]

I support these changes. They create a fairer and simpler tax system that encourages growth. The one thing I figured we could potentially do was expand on excise taxes - that has been one of the more popular topics of discussion in the past.

[tmthforu94]

Other thoughts/proposals on taxes? Haslam? JoMCar? Pingvin?

[tmthforu94]

New Budget Committee Members:
Tmthforu94, JoMCar, NeverAgain, Blair, LLR

To start, Speaker NeverAgain has gone ahead and introduced a Corporate Tax Reform Bill. Especially for Senate members, I encourage you to weigh in on that debate: SB 2016-031.

[tmthforu94]

Well, NeverAgain has already proposed a basic version of what the budget looks like, based on US numbers. I don't really know how we can break a budget into multiple bills, but maybe we can go through it section by section.

For reference:

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Is there a preference on whether we start with revenue or spending? Personally, I think it makes more sense to start with revenue.

[tmthforu94]

Income Taxes:

Here are a couple proposals to get us started, by Atlasian politicians and RL politicians.

Proposal A (Riley)
$0-10,000      10%
$10,001-40,000   15%
$40,001-$100,000   20%
$100,001-250,000   25%
$250,001-500,000   30%
$500,001+      35%

Proposal B (Pingvin)
15% Flat Tax

Proposal C (Hillary Clinton)
Ordinary Income%, Capital Gains%, Income Brackets
10% 0% $0 to $9,275
15% 0% $9,275 to $37,650
25% 15% $37,650 to $91,150
28% 15% $91,150 to $190,150
33% 15% $190,150 to $413,350
35% 15% $413,350 to $415,050
39.6% 20% $415,050 to $5 million
43.6% 24% $5 million and above

Proposal D (Jeb Bush)
0%    $0-22,600
10%  $22,601-87,500
25%  $87,501-163,800
28%  $163,80+