"As a followup on my Industrilization Encouragement Act, I wish to propose a bill which will further the ambitions for industrilization even more.
This bill will;
1) Lower taxes for the rich strata by additional 15% to encourage investments of the released economic capacity into industrilization.
2) Lower taxes for the middle class by 7,5% to increase their buying power, which will in turn increase the demand in factories.
3) Lower taxes for the poor strata by 5 % again to increase buying power and increase demand in goods.
As taxes are lowered for middle and poor strata they will be able to buy more goods, which will in turn create a greater demand, and with a lowering of the tax for the rich strata, they will be able to fill that demand eventually creating jobs and thus economic prosperity and indutrilization. This bill i wish to call Industrial Encouragement Act II.
- President Romano
This bill will;
1) Lower taxes for the rich strata by additional 15% to encourage investments of the released economic capacity into industrilization.
2) Lower taxes for the middle class by 7,5% to increase their buying power, which will in turn increase the demand in factories.
3) Lower taxes for the poor strata by 5 % again to increase buying power and increase demand in goods.
As taxes are lowered for middle and poor strata they will be able to buy more goods, which will in turn create a greater demand, and with a lowering of the tax for the rich strata, they will be able to fill that demand eventually creating jobs and thus economic prosperity and indutrilization. This bill i wish to call Industrial Encouragement Act II.
- President Romano