SB 29-25: Federal Budget FY 2022 (Passed)

[Left Wing]

FEDERAL BUDGET: FY2022

Section 1: Revenues

Income Taxes:  $ 1,735,038,900,000.00  ($ 1735.04 billion)                          
 by tax bracket
 0-13K      10%  $ 132,602,630,929.00
 13K-50k    15%    $ 447,780,682,763.00                    
 50K-130K   25%        $ 535,512,271,234.00              
 130K-210K  29%       $ 188,700,479,643.00                    
 210K-413K  34%       $ 220,320,135,498.00                        
 413K-441K  36%        $ 75,481,993,752.00                    
 441K+      40.6%      $ 134,640,706,551.00                      
                                            
Corporate Taxes:  $ 347,763,510,122.19  ($ 347.76 billion)
 by tax bracket                                            
 0-100K     0%        $ 0.00                
 100K-1M    15%        $ 2,678,940,033.99                
 1M-10M     21.5%    $ 5,172,280,041.70                    
 10M+       28%         $ 339,912,290,046.51                    
                                                                                          
Payroll Taxes -  $ 1,325,575,422,184.86 ($ 1,325.58 billion)
 breakdown
 OASDI: 12.4% (6.2% on employees, 6.2% on employers) - $ 912,456,391,044.15    
 RRPH: 5.0% (2.5% on employees, 2.5% on employers) - $ 367,925,964,130.71      
 FUTA: 6.0% on first $7,000 - $ 45,193,067,010.00  

Estate Tax: 45% of amount above $ 3.5 million, 50% above $ 10 million, 55% above $ 50 million
 $ 34,500,000,000.00
$16.00 Billion.... Amendment by the Responsible Estate Tax Act
Total: $50.5 Billion

New 2020 Wealth Tax
$288.00 Billion

Healthcare Taxes:
 40% Cadillac Tax -  $ 0.00 Billion  
 3.8% on Net Investment Income -  $ 12.80 Billion                              
                        
Excise Taxes/customs duties:
 Carbon Tax (2018) -  $ 16.35    Billion                            
 Gasoline Tax (2018) -  $ 50.00 Billion                              
 Tobacco and Alcohol Taxes (2018) -  $ 24.20 Billion    
 Excise taxes on health insurance providers,
 pharmaceuticals, and medical devices (2018) - $ 9.90 Billion
 Revenue Enhancement Act - $ 63,185,494,000.00
 LIFO Repeal Offset… $ 13,000,000,000.00        

Buffett Rule Act of 2019: $46.7 Billion          
                        
Other Revenue:  $ 30.209 Billion                    
                        
Additional tax credits:  $ -39.40 Billion
                        
TOTAL Revenue: $ 3973.83 Billion

Section 2: Spending

Military Spending ($504.358 Billion)              
$123.58 Billion... Military personnel              
$184.51 Billion... Operation and maintenance              
$106.01 Billion... Procurement              
$61.52 Billion ... Research, development, test and evaluation              
$8.47 Billion..... Military Construction, Family Housing and Other              
$12.148 Billion.... Atomic Energy Defense Activities              
$8.11 Billion..... Defense Related activities            
$0.00 Billion..... Fiscal Responsibility in our Military Act
$-15.25 Billion… F-35 Procurement Halt

                            
Military Retirement ($144.0811 Billion)                            
$75.48 Billion.... Income security for veterans              
$14.15 Billion.... Veterans education, training, and rehabilitation                            
$54.22 Billion.... Hospital and medical care for veterans and retired military (added in under Healthcare below)                
$0.38 Billion..... Housing and other veterans benefits and services              
$-0.1489 Billion…. VA Privatisation
                            
International affairs ($31.94 Billion)              
$18.88 Billion ... International development and humanitarian assistance              
$8.55 Billion..... International military aid              
$11.99 Billion.... Conduct of foreign affairs              
$1.30 Billion..... Foreign information and exchange activities  
$-8.79 Billion.... International Financial Programs            
              
General science, space, and technology ($185.18 Billion)              
$11.26 Billion.... National Science Foundation programs              
$4.55 Billion..... Department of Energy general science programs              
$169.37 Billion.... Space flight, research, and supporting activities
$154.00 Billion.... Space Exploration, Development, and Settlement Act
-$154.00 Billion.... Delay on the implementation of the Space Exploration, Development, and Settlement Act              
              
Non-Defense Energy Spending ($47.393 Billion)              
$3.15 Billion..... Energy supply              
$1.11 Billion..... Energy conservation and preparedness              
$0.64 Billion..... Energy information, preparedness, & regulation  
$10.00 Billion.... Energy Rebate and Subsidy Act    
$32.50 Billion.... Gas Tax Act    
$-0.007 Billion…. Eliminated Ethanol Blending Rules
            
Natural resources and environment ($34.58 Billion)              
$4.89 Billion..... Water resources              
$11.54 Billion.... Conservation and land management          
$4.42 Billion..... Recreational & Park resources              
$7.18 Billion..... Pollution control and abatement                                
$6.55 Billion..... Other natural resources  
              
Agriculture ($19.532 Billion)              
$16.01 Billion.... Farm income stabilization & crop insurance              
$4.30 Billion..... Agricultural research and services
$0.03 Billion..... No More Going Hungry in Atlasia Act
$-0.8 Billion…. Eliminated marketing programs
$-0.008 Billion…. Eliminated Catfish Inspection Office
              
Commerce and Housing Loan Programs ($0.79 Billion)              
$-22.33 Billion... Federal Housing Loan Programs              
$2.69 Billion..... Postal service              
$2.50 Billion..... Deposit insurance              
$10.20 Billion.... Universal service fund              
$7.70 Billion..... Other advancement of commerce
$-0.17 Billion…. Eliminated Capital Construction Grants    
$0.20 Billion… Supporting Atlasian Entrepreneurs Act          
              
Transportation ($92.3914 Billion)                
$67.40 Billion.... Ground Transportation            
$16.20 Billion.... Air Transportation              
$8.4015 Billion..... Water transportation              
$0.38 Billion..... Other transportation      
        
              
Community and regional development ($33.425 Billion)              
$3.78 Billion..... Community development              
$2.19 Billion..... Area and regional development              
$4.02 Billion..... Disaster relief and insurance              
$2.23 Billion..... Homeless Shelter Emergency Housing              
$4.32 Billion..... Small Business Association
$0.77 Billion..... Flint Reinvestment Act
$0.08 Billion..... Refugee act          
$-11.025 Billion…. We Should Help Workers Act
$2.00 Billion…. Buy-Atlasian Contracting Rules
$10.00 Billion…. Appalachia Reinvestment Act
$15.00 Billion…. Reservation Reinvestment Act
              
Education ($73.7625 Billion)              
$39.03 Billion.... Elementary, Secondary & Vocational education              
$31.475 Billion.... Higher education              
$3.26 Billion..... Research and general education            
$0.00 Billion..... Orlando Act
$-0.0125 Billion…. Cap on certain student loans
              
Training, labor and unemployment ($19.536 Billion)              
$7.58 Billion..... Training and employment              
$1.77 Billion..... Labor law, statistics, and other administration'
$9.2 Billion...... Public Service Act          
$-0.014 Billion…. Eliminated Employee Drug Tests
$1.00 Billion.... Agency of Cooperative Enterprises (see Act to encourage the growth of worker owned enterprises)
              
Atlasian Healthcare ($1261.14 Billion)              
$423.77 Billion... Senior Healthcare
$44.31 Billion.... Veteran Healthcare
$12.90 Billion.... Federal employees' and retired employees' health benefits  
$425.42 Billion... Medical Services
$338.85 Billion... Sliding Scale Subsidies
$15.89 Billion.... Healthcare Subsidy Office (HSO) and AtlasCare Office (ACO) Administration

Non-ANH Health Spending ($67.67 Billion)              
$24.25 Billion.... Disease control, public health and bioterrorism              
$28.48 Billion.... Health research and training              
$4.24 Billion..... Consumer and occupational health and safety            
$10.00 Billion…. Opioid Epidemic Commission
$0.3 Billion.... Comprehensive Opioid Response Act
$0.40 Billion.... Women's Health Protection Act  
              
Civilian Retirement (Social Security excluded) ($138.16 Billion)              
$8.23 Billion..... Civilian retirement and disability insurance              
$129.93 Billion... Federal employee retirement and disability              
 
Social Security ($903.24 Billion)
$868.63 Billion... Social Security Outlays
$34.60 Billion.... Social Security Administration
            
Aid to Low-Income Families ($366.50 Billion)
$40.53 Billion.... Unemployment              
$39.98 Billion.... Housing assistance              
$99.44 Billion.... Food and Nutrition Assistance (Food Stamps + WIC)        
$169.01 Billion... Other aid to low-income families              
$17.54 Billion.... Social Services            
              
Administration of justice ($51.902 Billion)              
$27.157 Billion.... Federal law enforcement
$13.938 Billion.... Federal litigation and judicial activities              
$6.2687 Billion..... Federal prison system              
$4.24 Billion..... Criminal justice assistance  
$0.74 Billion..... Federal Penitentiary Reform Act Provisions      
$-0.432 Billion…. General Criminal Justice Savings
              
General government administration ($3.87 Billion)              
$3.66 Billion..... Legislative functions              
$0.45 Billion..... Executive office programs              
$12.03 Billion.... IRS & other fiscal operations              
$1.567 Billion..... Other general government              
$-13.20 Billion…. Government Efficiency Act
$-0.62 Billion…. Eliminated Penny
$0.002 Billion…. Mandatory Tampons in Restrooms
-$0.03 Billion.... Coin Composition Revision Act

One Time Coronavirus Stimulus spending ($5295.126 Billion)
$9.226 Billion.... Coronavirus Containment and Emergency Response Act
$4807 Billion.... Economic Stimulus Act of 2020
$478.90 Billion.... JOBS AND PAY DURING THE CORONAVIRUS PANDEMIC ACT
              
Interest on debt ($295.40 Billion)              
$295.40 Billion... Net Interest

Section 3: Balance

BASE REVENUE:     $ 3973.830 Billion
Inflation Accounting: *1.012
TOTAL REVENUE: $ 4021.52 Billion

Fixed Expenditures: $ 36.05 Billion
Variable Expenditures:  $ 3979.45 Billion
One time Expenditures: $ 5295.126 Billion
Interest on Debt: $ 295.40 Billion
BASE EXPENDITURES: $9606.026 Billion
Inflation Accounting: *1.012
TOTAL EXPENDITURES: $ 9721.30 Billion
BALANCE: $ -5699.78 Billion

Section 4: Miscellaneous regulations
1. This budget shall become enacted immediately after passage
2. This budget shall ordinarily remain in efect until the 31st of December, 2021
3. All previous bills that modify the existing tax rates are hereby amended, so that their tax rates match those from this budget
4. The implementation of section 4 of the the Space Exploration, Development, and Settlement Act is hereby rolled back by 1 year and shall not apply until 2022
5. The old wealth tax from before 2020 is hereby repealed and abolished, and replaced with the new wealth tax from the Wealth Tax Act of 2020.

People's Regional Senate

Sponsor: Yankee
Status: Debating

[Southern Senator North Carolina Yankee]

The plan here is to actually try and get the budget done on time. Under the Budget Process and Control act of 2017, we are suppose to start debate in April to ensure we have proper time to discuss and consult both chambers etc.

While I don't expect this to be completely smooth, I think we will find it better than the waiting until months after it is late. Obviously the deadline for passage is October 1st.

The text as entered is January's budget with the name updated. The first big change that we should do is compile spending passed since then and amend it into the text as well as account for short term spending that is ending.

After that we can move towards getting scores and such where needed.

[Pericles]

I'm surprised that the top income tax rate isn't higher. To reduce income inequality and enable us to support the rest of society, I hope we either increase that top rate or create a new higher bracket with a higher rate. In the future 30% may be a better corporate tax rate but perhaps we're better off doing that next year.

[Spark]

I'm surprised that the top income tax rate isn't higher. To reduce income inequality and enable us to support the rest of society, I hope we either increase that top rate or create a new higher bracket with a higher rate. In the future 30% may be a better corporate tax rate but perhaps we're better off doing that next year.

I agree here that we can implement a modest increase for the top income tax bracket but simultaneously cut the rate in another area to balance things out.

[Southern Senator North Carolina Yankee]

I'm surprised that the top income tax rate isn't higher. To reduce income inequality and enable us to support the rest of society, I hope we either increase that top rate or create a new higher bracket with a higher rate. In the future 30% may be a better corporate tax rate but perhaps we're better off doing that next year.

You can change that right here, by offering an amendment.

[Pericles]

Very well, I'm interested in what the rest of the Senate thinks, but I'll start with this.

Income Taxes:  $ 1,735,038,900,000.00  ($ 1735.04 billion)                           
 by tax bracket
 0-13K      10%  $ 132,602,630,929.00
 13K-50k    15%    $ 447,780,682,763.00                   
 50K-130K   25%        $ 535,512,271,234.00               
 130K-210K  29%       $ 188,700,479,643.00                     
 210K-413K  34%       $ 220,320,135,498.00                         
 413K-441K  36%        $ 75,481,993,752.00                   
 441K-$5M      40.6% 45%     $ 134,640,706,551.00 
$5,000,000+ 55% 

[Pericles]

Was that adopted?

[Left Wing]

I mean, I was expecting some more input than that . But I can declare it adopted as long as there’s no objection.

[Southern Senator North Carolina Yankee]

Historically speaking, and this stems from a time when we had a had more amendments each session, I developed a formalization process of sorts.

This allowed Senators to "pitch texts back and forth for discussion purposes" without each one being processed as an amendment. If someone said they were formally offering a text as an amendment, then the process would proceed.

We have gone the opposite direction solely for the purposes of expanding the total number of amendments since we now have so few. For many newer people, who never experienced a Senate with 100 plus amendments offered in a session, the idea of curtailing the number of times the amendment process (feedback - Objections/Vote) was initiated must seem unimaginable.

[Southern Senator North Carolina Yankee]

I feel confident about this in the new chamber simply because we will have 18 people looking at it and not six. We also have a good four months and only one chamber to worry about passage in, which allows us to utilize more of that time.

There are to road blocks right now to this succeeding though. One we have got to compile the latest spending and taxes up to a set "cut off" date, maybe say July 1st.

Second there is the whole issue of the comptroller and comptroller reform as it were. This needs to be sorted out in satisfactory manner towards the beginning of the new session in the new Senate because lacking the scoring will make this a rather hollow debate with little basis in the numbers.

[The world will shine with light in our nightmare]

Now that we're officially in session, this needs to be brought to the floor. We need to decide how we're going to deal with the Comptroller General and then proceed to scoring. If we cannot find someone willing to take the position, we should either abolish it or let the President decide what he wants with it.

[GM Team Member and Senator WB]

-$154.00 Billion.... Delay on the implementation of the Space Exploration, Development, and Settlement Act   

Is there a way to remove this delay or is it too late? As most of you know this has been a big issue of mine for nearly 2 years and I was disappointed to see that it was delayed.

[The world will shine with light in our nightmare]

-$154.00 Billion.... Delay on the implementation of the Space Exploration, Development, and Settlement Act   

Is there a way to remove this delay or is it too late? As most of you know this has been a big issue of mine for nearly 2 years and I was disappointed to see that it was delayed.

It's not too late to do anything because we're taking this up as the new Senate.

Personally, I'm weary of all big investments in space exploration (and inevitably colonization) when we have environmental as well as financial and sustainability crises on earth. I am inclined to support the delay unless there is a pressing need for this program now.

[GM Team Member and Senator WB]

-$154.00 Billion.... Delay on the implementation of the Space Exploration, Development, and Settlement Act   

Is there a way to remove this delay or is it too late? As most of you know this has been a big issue of mine for nearly 2 years and I was disappointed to see that it was delayed.

It's not too late to do anything because we're taking this up as the new Senate.

Personally, I'm weary of all big investments in space exploration (and inevitably colonization) when we have environmental as well as financial and sustainability crises on earth. I am inclined to support the delay unless there is a pressing need for this program now.

I’ll need to re-read the bill but if there is renewed exploration or settlement on the moon, the possibility of sifting lunar soil for Helium-3 to use in fusion experiments would be extremely beneficial. Should fusion be proven to be viable, we could have extremely low-emission energy, and a lot of it.

This is just one thing where Earth’s problems can be almost entirely solved by space. I understand that it’s a big ask, but I want to point out that this is not basically throwing money into space. We have some serious possibility here.

[AGA]

Atlasia is very highly taxed when taking into account regional tax rates, so maybe we could look into cutting some of them, especially the 55% top income tax rate. I'll also see if I can shift some of the tax burden onto a value-added tax, but that isn't a huge priority for me. The wealth tax should be scrapped for sure. Having brackets for corporate taxes seems like poor policy since it could encourage companies to break up even if that results in a loss of efficiency. Making it a flat tax wouldn't harm any small businesses that are organized as sole proprietorships, which constitute the majority of them.

Also, I'm assuming capital gains are taxed as income here?

[The world will shine with light in our nightmare]

As an FYI, I will not support a VAT or any reduction in the highest brackets. The VAT is a tax on the poor and middle class that my region rejected, and we ended up not needing it to even balance the budget.

Also, while this is being fleshed out I will not open a final vote until a decision to join the global corporate tax pact is reached. That doesn't go into effect until FY2023, but we'll still a need a note for next year.

[AGA]

One Time Coronavirus Stimulus spending ($5295.126 Billion)
$9.226 Billion.... Coronavirus Containment and Emergency Response Act
$4807 Billion.... Economic Stimulus Act of 2020
$478.90 Billion.... JOBS AND PAY DURING THE CORONAVIRUS PANDEMIC ACT

Why is this still here? There isn't that much spending from the previous stimulus bills that goes into FY 2022. These are the same numbers from last year's budget.

[The world will shine with light in our nightmare]

Motion to strike all one-time coronavirus spending from the FY2022 budget.

Senators have 24 hours to object.

[AGA]

Objection. Looking at the Third Emergency Economic Stimulus Act, there are still payments that extend past October 1; they just decrease over time. The amount would still have be calculated, but it would be less than it currently is on the bill.

Upon further thought, the language of the aforementioned bill does not suggest an end date of the payments, so we would have to guess if Congress will end them manually.

[The world will shine with light in our nightmare]

Objection. Looking at the Third Emergency Economic Stimulus Act, there are still payments that extend past October 1; they just decrease over time. The amount would still have be calculated, but it would be less than it currently is on the bill.

Upon further thought, the language of the aforementioned bill does not suggest an end date of the payments, so we would have to guess if Congress will end them manually.

Are you still objecting?

[AGA]

Objection. Looking at the Third Emergency Economic Stimulus Act, there are still payments that extend past October 1; they just decrease over time. The amount would still have be calculated, but it would be less than it currently is on the bill.

Upon further thought, the language of the aforementioned bill does not suggest an end date of the payments, so we would have to guess if Congress will end them manually.

Are you still objecting?

I'll withdraw my objection. I don't think we will extend the payments.

[Spark]

Atlasia is very highly taxed when taking into account regional tax rates, so maybe we could look into cutting some of them, especially the 55% top income tax rate. I'll also see if I can shift some of the tax burden onto a value-added tax, but that isn't a huge priority for me. The wealth tax should be scrapped for sure. Having brackets for corporate taxes seems like poor policy since it could encourage companies to break up even if that results in a loss of efficiency. Making it a flat tax wouldn't harm any small businesses that are organized as sole proprietorships, which constitute the majority of them.

Also, I'm assuming capital gains are taxed as income here?

I agree with this. Although I oppose a flat tax, we need to lower the capital gains tax to encourage investment in our economy, especially during a recovery.

[Spark]

Objection. Looking at the Third Emergency Economic Stimulus Act, there are still payments that extend past October 1; they just decrease over time. The amount would still have be calculated, but it would be less than it currently is on the bill.

Upon further thought, the language of the aforementioned bill does not suggest an end date of the payments, so we would have to guess if Congress will end them manually.

With this being said, I believe it is a good idea to have these emergency measures in place until the crisis subsides. For now, we need these protections in place, but I do support the gradual reduction of payments after the crisis concludes. Continuing payments beyond that time can act as a disincentive for people to work and adversely affect the unemployment rate.

[AGA]

I have a simple amendment. It reverts the income tax brackets to the ones in the OP because the current brackets result in marginal tax rates of over 100% in Lincoln and Fremont, which is nonsensical. The other change switches to a flat corporate tax rate of 25%. Progressive tax rates don't work for corporations because they can just break up to shift their profits to lower brackets and pay less in tax. I am not aware of any country that has a progressive corporate tax. Also, if anyone can help me figure out what revenue the lowest corporate bracket would generate, that would be appreciated.

The expenditure and balance numbers reflect Scott's amendment. While there is still a deficit, I think that it is fine to have one while the country is recovering from a major recession.

Section 1: Revenues

Income Taxes:  $ 1,735,038,900,000.00  ($ 1735.04 billion)                          
 by tax bracket
 0-13K      10%  $ 132,602,630,929.00
 13K-50k    15%    $ 447,780,682,763.00                    
 50K-130K   25%        $ 535,512,271,234.00              
 130K-210K  29%       $ 188,700,479,643.00                    
 210K-413K  34%       $ 220,320,135,498.00                        
 413K-441K  36%        $ 75,481,993,752.00                    
 441K-$5M+ 45% 40.6%     $ 134,640,706,551.00  
$5,000,000+ 55%                  
                                            
Corporate Taxes:  $ 347,763,510,122.19  ($ 347.76 billion) $ 313,972,295,288.00 ($ 313.97 billion)
 by tax bracket                                            
 0-100K     0% 25%       $ 0.00 $ ???
 100K-1M    15% 25%       $ 2,678,940,033.99 $ 4,464,900,056.65                
 1M-10M     21.5% 25%    $ 5,172,280,041.70 $ 6,014,279,118.26                  
 10M+       28% 25%         $ 339,912,290,046.51 $ 303,493,116,113.00                

...
                        
TOTAL Revenue: $ 3973.83 Billion $ 39040.04 Billion

Section 3: Balance

BASE REVENUE:     $ 3973.830 Billion $ 3940.04 billion
Inflation Accounting: *1.012
TOTAL REVENUE: $ 4021.52 Billion $ 3987.32 billion

Fixed Expenditures: $ 36.05 Billion
Variable Expenditures:  $ 3979.45 Billion
One time Expenditures: $ 5295.126 Billion
Interest on Debt: $ 295.40 Billion
BASE EXPENDITURES: $ 9606.026 Billion $ 4362.63 Billion
Inflation Accounting: *1.012
TOTAL EXPENDITURES: $ 9721.30 Billion $4362.63 Billion
BALANCE: $ -5699.78 Billion $ -375.31 Billion

[The world will shine with light in our nightmare]

Section 1: Revenues

Income Taxes:  $ 1,735,038,900,000.00  ($ 1735.04 billion)                          
 by tax bracket
 0-13K      10%  $ 132,602,630,929.00
 13K-50k    15%    $ 447,780,682,763.00                    
 50K-130K   25%        $ 535,512,271,234.00              
 130K-210K  29%       $ 188,700,479,643.00                    
 210K-413K  34%       $ 220,320,135,498.00                        
 413K-441K  36%        $ 75,481,993,752.00                    
 441K-$5M+ 45% 40.6%     $ 134,640,706,551.00  
$5,000,000+ 55%                  
                                            
Corporate Taxes:  $ 347,763,510,122.19  ($ 347.76 billion) $ 313,972,295,288.00 ($ 313.97 billion)
 by tax bracket                                            
 0-100K     0% 25%       $ 0.00 $
 100K-1M    15% 25%       $ 2,678,940,033.99 $ 4,464,900,056.65                
 1M-10M     21.5% 25%    $ 5,172,280,041.70 $ 6,014,279,118.26                  
 10M+       28% 25%         $ 339,912,290,046.51 $ 303,493,116,113.00                

...
                        
TOTAL Revenue: $ 3973.83 Billion $ 39040.04 Billion

Section 3: Balance

BASE REVENUE:     $ 3973.830 Billion $ 3940.04 billion
Inflation Accounting: *1.012
TOTAL REVENUE: $ 4021.52 Billion $ 3987.32 billion

Fixed Expenditures: $ 36.05 Billion
Variable Expenditures:  $ 3979.45 Billion
One time Expenditures: $ 5295.126 Billion
Interest on Debt: $ 295.40 Billion
BASE EXPENDITURES: $ 9606.026 Billion $ 4362.63 Billion
Inflation Accounting: *1.012
TOTAL EXPENDITURES: $ 9721.30 Billion $4362.63 Billion
BALANCE: $ -5699.78 Billion $ -375.31 Billion

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