SB 110-25: Federal Budget FY2023

[RC (a la Frémont)]

In my opinion, federal law enforcement can afford to operate with the amount proposed by Senator DeadPrez. Regions can adjust their funding of law enforcement as needed.

Aye.

[Joseph Cao]

So just for the record, here's where we are now:

FEDERAL BUDGET: FY2023

Section 1: Revenues

Income Taxes:  $ 2,117,044,276,550.00  ($ 2,117.04 billion)
 by tax bracket (all revenue from each taxpayer is counted next to the bracket where their total income falls, including that from the parts of their income subject to lower rates)
 0-13K          10%    $ 12,700,800,000.00 ($ 12.70 billion)
 13K-50k      15%    $ 297,239,775,000.00 ($ 297.24 billion)
 50K-130K   25%    $ 812,899,937,500.00 ($ 812.90 billion)
 130K-210K  31%  $452,282,000,000.00 ($ 452.28 Billion)    
 210K-413K  38%  $317,099,000,000.00 ($ 317.10 Billion)
 413K-441K  45%   $ 68,463,281,250.00 ($ 68.46 billion)
 441K+       50%  $ 173,732,759,00.00 ($ 173.73 billion)

Corporate Taxes: 25% – $ 440,476,190,000.00 ($ 440.48 billion)

Global Minimum Tax: $ 34.68 billion

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 ($ 912.46 billion)
 RRPH: 5.0% (2.5% on employees, 2.5% on employers) – $ 367,925,964,130.71 ($ 367.93 billion)
 FUTA: 6.0% on first $7,000 – $ 45,193,067,010.00 ($ 45.19 billion)

Estate Tax (45% of amount above $ 3.5 million, 50% above $ 10 million, 55% above $ 50 million) – $ 34,500,000,000.00 ($ 34.50 billion)
$16.00 billion.... Amendment by the Responsible Estate Tax Act
Total: $50.50 billion

New 2020 Wealth Tax
$288.00 billion $1,578.898 billion

Healthcare Taxes:
 40% Cadillac Tax – $ 0.00 billion
 3.8% on Net Investment Income – $ 12.80 billion $ 27.50 billion

Excise Taxes/customs duties:
Carbon Tax (2018) – $ 81.75 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 – $ 63.19 billion
LIFO Repeal Offset – $ 13.00 billion
Buffett Rule Act of 2019: $46.70 billion

Other Revenue: $ 30.21 billion

Additional tax credits: $ -39.40 billion

New stuff:
Capital Gains Inflation Deduction: $ -15.00 billion
Indexing CTC to Inflation Act: $ -1.90 billion
Financial Transaction Tax – 
Pandemic Wealth Tax: $233.61 billion

TOTAL Revenue: $ 6,005,533,888,734.86 ($ 6005.53 billion) WIP

Section 2: Spending

Military Spending ($341.00 Billion)             
$100.00 Billion... Military personnel             
$150.00 Billion... Operation and maintenance             
$75.00 Billion... Procurement             
$25.00 Billion ... Research, development, test and evaluation             
$15.00 Billion..... Military Construction, Family Housing and Other             
$6.00 Billion.... Atomic Energy Defense Activities             
$8.11 Billion..... Defense Related activities
$0.00 Billion..... Fiscal Responsibility in our Military Act
$-30.00 Billion… F-35 Procurement Halt
                           
Military Retirement ($230.00 Billion)                           
$100.00 Billion.... Income security for veterans             
$20.00 Billion.... Veterans education, training, and rehabilitation                           
$100.00 Billion.... Hospital and medical care for veterans and retired military (added in under Healthcare below)               
$10.00 Billion..... Housing and other veterans benefits and services               
                            
International affairs ($32.0331.93 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
$0.1 Billion... Paflagonia Support Act (one-time)
              
General science, space, and technology ($185.18339.18 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 ($19.68219.532 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
$0.15 Billion... Farmer Stabilization Act of 2021 (one-time)
              
Commerce and Housing Loan Programs ($0.790.59 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 (one-time)
              
Transportation ($333.4135184.9135 Billion)                
$67.40 Billion.... Ground Transportation            
$16.20 Billion.... Air Transportation              
$8.4015 Billion..... Water transportation              
$0.38 Billion..... Other transportation
$241 Billion... High Speed Rail Act (one-time)
$0.032 Billion... Emergency funding appropriated from the New Great Society Act to help states and regions improve the commercial driving license process and bolster the number of truckers to alleviate the supply chain crisis.
$92.5 Billion…. New Great Society Act (highway, rail, and airport spending)
        
Community and regional development ($463.3651332.34 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 (phases out after FY2023)
$390.00 Billion.. Urban Investment and Redevelopment Act (one-time)
$16.00 Billion….. 21st Century Civilian Conservation Corps Act (one-time)
$30 Billion………. Let's Get Wired Act amended by New Great Society Act
$0.05 Billion……. Combating Asian Hate Crimes Act (one-time)
$1.375 Billion….. Southwestern Water Conservation Act (one-time)
$0.05 Billion….. HHH Helping Hand to the Homeless Act (one-time)       
$7.5 Billion….. National Hostel Program Act
$1260.00 Billion…. New Great Society CUBI

Education ($73.7525159.25 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
$55.00 Billion….. School Improvement and Jobs Act (one-time)
$20.00 Billion….. Creating Opportunities for More Ed Tech Act
$10.50 Billion….. School Facilities Improvement Act (one-time)
              
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 ($1268.141261.14 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
$7 Billion... Vaccine Production Act (one-time)

Non-ANH Health Spending ($67.69867.27 Billion)              
$24.25 Billion.... Disease control, public health and bioterrorism    
$0.40 Billion.... Women's Health Protection Act (goes underneath this, see https://talkelections.org/FORUM/index.php?topic=361791.msg7210558#msg7210558)     
$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 (phases out after FY2023)
$0.025 Billion... National Silver Act (one-time)
$0.003 Billion... Reduction of Childcare Costs Act (one-time)
              
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 ($903.23 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 ($35.13475 Billion)              
$10.00 Billion.... Federal law enforcement
$13.938 Billion.... Federal litigation and judicial activities              
$6.2687 Billion..... Federal prison system
$0.38 Billion….. Treating Incarcerated Prisoners Humanely Act (one-time)       
$0.00005 Billion….. TACMIF allocation for the above
$4.24 Billion..... Criminal justice assistance  
$0.74 Billion..... Federal Penitentiary Reform Act Provisions      
$-0.432 Billion…. General Criminal Justice Savings
              
General government administration ($4.509 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
$0.002 Billion…. Mandatory Tampons in Restrooms
              
Interest on debt ($295.40 Billion)              
$295.40 Billion... Net Interest

Section 3: Balance

STILL WIP

BASE REVENUE: $ 6005.53 Billion
Inflation Accounting: *1.012
TOTAL REVENUE: $ 6077.60 Billion

Fixed Expenditures: $ 36.05 Billion
Variable Expenditures:  $ 5549.62325 Billion
Interest on Debt: $ 295.40 Billion
BASE EXPENDITURES: $ 5881.07 Billion
Inflation Accounting: *1.012
TOTAL EXPENDITURES: $ 5951.64 Billion
BALANCE: $125.96 Billion

Section 4: Miscellaneous regulations

1. This budget shall become enacted immediately upon passage.
2. This budget shall ordinarily remain in effect until FY2024.
3. All previous bills that modify the existing tax rates are hereby amended, so that their tax rates match those from this budget.

[Joseph Cao]

We still have the CUBI threshold lowering and the Iranian aid to fold into this, by the way. Hopefully the Senate can act on those quickly.

And anyone with a spare pair of eyeballs and a calculator is most welcome to check what our revenue and spending figures come out to now.

[Saint Milei]

Corporate Taxes: 25%20% – $ 440,476,190,000.00 ($ 440.48 billion)

amendment

[Saint Milei]

$4.300 Billion..... Agricultural research and services

Amendment

[Utah Neolib]

I object to the DeadPrez amendments.

[WD]

Corporate Taxes: 25%20% – $ 440,476,190,000.00 ($ 440.48 billion)

amendment

$4.300 Billion..... Agricultural research and services

Amendment

A vote is now open on the DeadPrez amendments, please vote Aye, Nay, or Abstain.

[KoopaDaQuick 🇵🇸]

hard nay

[WD]

Nay on both

[America Needs a 13-6 Progressive SCOTUS]

nay

[PragmaticPopulist]

Nay

[Utah Neolib]

Nay on both

[West_Midlander]

Nay on both

[Devout Centrist]

Nay, Nay

[GM Team Member and Senator WB]

nay and nay.

[Southern Senator North Carolina Yankee]

Nay on Both

I might consider a partial cut to agricultural services, but this reads like a complete elimination of the line item unless I am missing something.

[FT-02 Senator A.F.E. 🇵🇸🤝🇺🇸🤝🇺🇦]

NAY

[Senator-elect Spark]

Nay on both amendments.

[WD]

By a vote of 0-11-0-7, the amendments are rejected and debate resumes

[Joseph Cao]

A'right then…

International affairs ($31.9334.43 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
$2.5 Billion.... Support Iranian Civilians Act

[Joseph Cao]

Maybe we need a PPT who can pay attention to the AFG board.

Whether that is WD getting his act together or a new PPT is up to WD.

[WD]

24 hours to object to the amendment

[WD]

Amendment is adopted

[Deep Dixieland Senator, Muad'dib (OSR MSR)]

My fault for closing votes at 1 in the morning.

It's a slight improvement over a 2 minute vote. However it does point to a larger pattern of behavior when you are given any authority.

[Saint Milei]

Excise Taxes/customs duties:
Carbon Tax (2018) – $ 10.35 billion*
Gasoline Tax (2018) – $ 25.00 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 – $ 55.19 billion
LIFO Repeal Offset – $ 13.00 billion
Buffett Rule Act of 2019: $30.00 billion

Amendment