SENATE BILL: Fair Taxation Act (Law'd)

[🐒Gods of Prosperity🔱🐲💸]

It's possible that regions would be more likely to add sales tax on these items if they knew it was being subsidized with a tax credit.  On the other hand, I don't know how many people would keep track of the sales taxes they paid on these things.

[Southern Senator North Carolina Yankee]

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Status: Senators have 24 hours to object.

[President Tyrion]

Is this $50,000 including the basic income or $50,000 excluding it?

[Fmr. Pres. Duke]

Is this $50,000 including the basic income or $50,000 excluding it?

Disclosure: I don't know much about the basic income bill or how it works. That's something I need to go read.

[Talleyrand]

Is this $50,000 including the basic income or $50,000 excluding it?

My assumption would be that it excludes basic income, since I don't know of any other bill where it's actually factored into annual income.

[🐒Gods of Prosperity🔱🐲💸]

Basic Income is a refundable tax credit that is exclusive of all other deductions and credits according to the act, so in that sense the question is moot.  Someone could not receive both this tax credit and Basic Income, as the law stands.

[Southern Senator North Carolina Yankee]

The amendment has been adopted.

[TNF]

Does anyone have anything else to add here, or are we finished?

[Fmr. Pres. Duke]

I don't. I am fine with the bill as it is.

[Southern Senator North Carolina Yankee]

A final vote is now open on the underlying bill, Senators please vote Aye, NAy or Abstain.

[🐒Gods of Prosperity🔱🐲💸]

Nay

[President Tyrion]

Aye

[tmthforu94]

Basic Income is a refundable tax credit that is exclusive of all other deductions and credits according to the act, so in that sense the question is moot.  Someone could not receive both this tax credit and Basic Income, as the law stands.

This was my concern.

Hesitant Aye

[TNF]

Aye

[bore]

Aye

[Chancellor Tanterterg]

Aye

[Goldwater]

AYE

[DC Al Fine]

Aye

[Talleyrand]

AYE

[Southern Senator North Carolina Yankee]

As sympathetic as I am to the idea, I am concerned that the cost of this was never considered. So nay unfortunately.

This has enough votes to pass, SEnators have 24 hours to change their votes.

[Southern Senator North Carolina Yankee]

Vote on Final Passage of the Fair Taxation Act:

Aye (: bore, DC al Fine, Goldwater, Mr. X, Talleyrand, Tmthforu94, TNF and TyriontheImperialist
Nay (2): NC Yankee and shua
Abstain (0):

Didn't Vote (0):

The bill has been passed and is presented to the President for executive action.

[Southern Senator North Carolina Yankee]

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[Fmr. Pres. Duke]

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x Duke

Thanks for another successful redraft

[Southern Senator North Carolina Yankee]

You through me for a loop but it was rewrittenby the President, just not using the redraft process official.y

[Fmr. Pres. Duke]

You through me for a loop but it was rewrittenby the President, just not using the redraft process official.y

Sorry. I can't keep track of my actions sometimes.