Eternity RPC Board
05-18-2017, 02:29 PM
Kolhar News Emporium
J'dan Restag proposes economic stimulus package
by Moklor Yatron
J'dan Restag, a Representative in the National Diet, as announced a proposal that he has crafted to attempt to jump-start the Kolhari economy. The proposal involves redirecting current government spending, which has so far been spent mostly on rebuilding the infrastructure that was destroyed in the Kolhari War, towards more economic programs. This includes new grants for small businesses that are just starting up and loans for established businesses seeking to expand their operations. It also involves making investments in Kolhari business tax deductible, along with liberalization of foreign trade beyond what has been done under membership in the KEC.
"This plan was carefully crafted after consulting top Kolhari economists and examining the success stories of other countries." said J'dan "My hope is that we can rapidly grow our economy, and even surpass the fascist South in less than a decade."
The proposals include many provisions. Among the most popular provisions are the establishment of small business grants for Kolhari citizens seeking to start up new business ventures. The grant would be given to individuals seeking to start their own businesses in Kolhar, and would be intended to cover nothing more than the up-front costs of establishing a small business. To qualify for the grant, one would have to demonstrate good credit.
For those seeking to expand a business that they have already established, the proposal would establish a system of loans to encourage such ventures. These loans would be low-interest and available to all small business owners who demonstrate decent credit. These loans would be given on terms of 5 years, with extensions being permitted on a case-by-case basis.
Among the more controversial of provisions include liberalization of trade and new tax deductions. The proposal would allow investors to claim a percentage of any investments in Kolhari businesses as tax deductible. It would also loosen trade regulations and seek to make it easier for businesses to import and export goods. This is on top of the trade liberalizations already done by Kolhar's membership in the Kvaennan Economic Community.
The Party of Honor and Kolhar United are hailing this as a much-needed economic reform package, citing that the country needs a direction to bring the economy. Much of the infrastructure that was destroyed in the war has been rebuilt in the past 6 years, and many experts have stated that the money needs to be directed to more places if the Kolhari economy is to gain any momentum.
However, the proposal is now without its critics. The Labor Party condemned the proposal, calling it a "tax break for the rich" and "a sell-out to global corporations". In particular, Labor has condemned the tax deductions and the trade liberalizations, claiming that they will do nothing to help the average Kolhari citizen.
J'dan Restag proposes economic stimulus package
by Moklor Yatron
J'dan Restag, a Representative in the National Diet, as announced a proposal that he has crafted to attempt to jump-start the Kolhari economy. The proposal involves redirecting current government spending, which has so far been spent mostly on rebuilding the infrastructure that was destroyed in the Kolhari War, towards more economic programs. This includes new grants for small businesses that are just starting up and loans for established businesses seeking to expand their operations. It also involves making investments in Kolhari business tax deductible, along with liberalization of foreign trade beyond what has been done under membership in the KEC.
"This plan was carefully crafted after consulting top Kolhari economists and examining the success stories of other countries." said J'dan "My hope is that we can rapidly grow our economy, and even surpass the fascist South in less than a decade."
The proposals include many provisions. Among the most popular provisions are the establishment of small business grants for Kolhari citizens seeking to start up new business ventures. The grant would be given to individuals seeking to start their own businesses in Kolhar, and would be intended to cover nothing more than the up-front costs of establishing a small business. To qualify for the grant, one would have to demonstrate good credit.
For those seeking to expand a business that they have already established, the proposal would establish a system of loans to encourage such ventures. These loans would be low-interest and available to all small business owners who demonstrate decent credit. These loans would be given on terms of 5 years, with extensions being permitted on a case-by-case basis.
Among the more controversial of provisions include liberalization of trade and new tax deductions. The proposal would allow investors to claim a percentage of any investments in Kolhari businesses as tax deductible. It would also loosen trade regulations and seek to make it easier for businesses to import and export goods. This is on top of the trade liberalizations already done by Kolhar's membership in the Kvaennan Economic Community.
The Party of Honor and Kolhar United are hailing this as a much-needed economic reform package, citing that the country needs a direction to bring the economy. Much of the infrastructure that was destroyed in the war has been rebuilt in the past 6 years, and many experts have stated that the money needs to be directed to more places if the Kolhari economy is to gain any momentum.
However, the proposal is now without its critics. The Labor Party condemned the proposal, calling it a "tax break for the rich" and "a sell-out to global corporations". In particular, Labor has condemned the tax deductions and the trade liberalizations, claiming that they will do nothing to help the average Kolhari citizen.