MA: The Governor's Budget (Debating)

[DC Al Fine]

I also support TJ's budget. Shall we bring this to a vote?

[DC Al Fine]

I also support TJ's budget. Shall we bring this to a vote?

What specifically are you voting on? Both amendments simultaneously?

Yes, both amendments. Assuming you have no objections of course.

[DC Al Fine]

I'll bring it to a vote tomorrow evening if there aren't any questions.

[DC Al Fine]

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Assemblymen, the following amendment is at a vote. You have three days to vote Aye, Nay or Abstain.

[DC Al Fine]

Aye

[DC Al Fine]

The amendment passes

Aye: 3 (DC, Hifly, Franzl)
Nay: 0

Any other questions/amendments before we bring this to a vote?

[DC Al Fine]

My mistake TJ

REVENUES:
Income Tax Rates:
0% $0 - $13,000           
($0.000 bil)
1% $13,001 - $40,000         
($12.485 bil)
1.5% $40,001 - $100,000     
($16.332 bil)
2.2% $100,001 - $180,000     
($5.390 bil)
2.7% $180,001 - $300,000     
($3.637 bil)
3.25% $300,001 - $750,000     
($2.336 bil)
4% $750,001 - $2,750,000     
($1.962 bil)
5% $2,750,001- $9,999,999     
($1.277 bil)
6.5% $10,000,000+           
($0.935 bil)

TOTAL: ($44.35 B)
Social Insurance Taxes:
1.5% Employer contributions to pensions   
($27.332 bil)

TOTAL: ($27.33 B)

Corporate Tax Rates:
0% $0 - $50,000           
($0.000 bil)
0.5% 0.25% $50,001 - $75,000         
($3.929 bil) ($ 1.965 bil)
1% 0.5% $75,001 - $125,000
($5.312 bil) ($ 2.656 bil)
1.5% 1% $125,001 - $350,000     
($5.473 bil) ($ 3.649 bil)
2% 1.5% $350,001 - $1,000,000     
($7.567 bil) ($ 5.675 bil)
2.5% 2% $1,000,001 - $10,000,000   
($9.035 bil) ($7.228 bil)
3.25% 2.75% $10,000,001 - $20,000,000   
($6.963 bil) ($5.892 bil)
4% 3.5% $20,000,001-$70,000,000     
($7.831 bil) ($6.852 bil)
5% 4.5% $70,000,001+   
($7.573 bil) ($6.816 bil)
         
TOTAL: ($53.68 B) ($40.73 B)

Ad Valorem Taxes:
Sales Tax Rate: 5% 3% (Groceries, prescription drugs exempt)
($75.147 bil) ($45.088 bil)
($75.147 bil)
Gas: 45 cents/gallon ($0.50/gallon for diesel)
($46.761 bil)
Cigarettes: 60% Manufacturers Price     
($9.385 bil)
Other Tobacco Prod: 60% Manufactures Price   
($0.285 bil)
Distilled Spirits: $2.75 per gallon     
($0.223 bil)
Wine: $0.35 per gallon           
($0.318 bil)
Beer: $0.35 per gallon           
($0.794 bil)
Marijuana: 30% sales tax         
($2.682 bil)

TOTAL:($135.59 B) ($105.53 B)

Business & Other: ($21.07 B)

TOTAL: ($21.07 B)

Fees: ($44.22 B)

TOTAL: ($44.22 B)

TOTAL REVENUES: ($326.24 billion) ($283.23 billion)
PROJECTED SURPLUS: ($4.25 billion)

The above amendment is at vote. You have three days.

[DC Al Fine]

Aye

[DC Al Fine]

The amendment passes

Aye: 3 (DC, Hifly, Franzl)
Nay: 0

Any other issues before we bring this to a final vote?