Oatney Moves to Limit Taxes
BRIESK - Peoples Representative Oatney introduced an amendment in the Royal Assembly today that, if adopted, would eliminate potential income and inheritance taxes as a means to raise revenue. The proposed change comes at a time when Minister Austi Scot and the Conservative Party face criticism over the legislation.On Thursday, Progressive Peter Krembs called the Governmental Revenue Act an "expropriations bill" and told reporters, "If the Conservative government is seriously entertaining this bizarre new multitude of taxes, they have no right to call themselves conservatives, capitalists, or liberals, because even modern liberals aren't that insane."
Minister Scot has argued that the bill is a necessary foundation for the government's efforts to implement an economic simulation. Defending the legislation and rejecting its characterization, he said, "Mr. Krembs is somewhat mistaken, I have not presented an appropriations bill. The bill I presented would give the government the right to pass appropriations bills using any of the methods listed."
If passed into law, the Currency Creation and Governmental Revenue Acts authorize the printing of close to twelve trillion morovs and establishes the legal basis for a wide spectrum of taxes.
posted by The Editors @ 10:13
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