SENATE BILL: Income Tax Reform Act of 2014 (Failed)

[Cincinnatus]

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2. All income tax deductions are null and void except for the deduction on charitable donations. The taxpayer shall pay the prescribed rate for his or her income listed in clause A above.
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Sponsor: Yankee

[Cincinnatus]

Question for Yankee: Does this bill ban deductions for expenses incurred to earn income? The current wording seems like it screws self-employed people.

Both this bill and the Intl Acct Standards Act have been introduced on behalf of the Administration, if you wish to pose questions to Duke, or myself.  As to your question, yes, considering the current text.

[Cincinnatus]

Gentleman, this bill is our starting point.  Duke and I fully expect this bill will be different by the time a final vote is presented.  However, with five empty slots two days ago, and nothing to introduce except TNF bills, no offense, at least we're debating something. 

Let's get word from our GM, and take into account our already extensive programs and try and understand where we are.  Does everyone here even fully understand the laws that we've passed that are relevant?

Oh, and I'm removing TNF's amendment, for the record. 

[Cincinnatus]

I'm having a busy week, but I'm going to try and take some time within the next couple days to look over recent budgets and see what's relevant here.  Any other progress, independent or otherwise, would be great.

[Cincinnatus]

Vote on Income Tax Reform Act of 2014:

Aye (0):
Nay (9): TNF, Tyrion, bore, Alfred, shua, Lumine, Yankee, Griffin, and DC
Abstain (0):

Didn't Vote (1): Goldwater

With nine votes in opposition, the bill has been rejected.