SILOFAIS (DM) – Silofaisan President Horatio Eden announced he would veto the Economy Act sent to his desk by the Chamber of Delegates following a meeting of the Council of State on the 20th of August.
The Economy Act of 2017, a bill establishing the basis of a functioning Silofaisan economy based on the U.S. Dollar, was rejected on grounds of the provisions established in Section 5 of the Act, specifically that setting an annual $20 tax for all citizens over the age of 18 in Silofais, for, among other purposes, the upkeep of the Silofaisan website, silofais.org.
The president initially withheld signature from the bill pending a session of his Council of State, a government body set up in the Constitution that is chaired by the President and which deals with macro-issues relating to Silofaisan governance. President Eden indicated he would review the bill with the Council before coming to a final conclusion, though the Council is reported to have supported the president’s initial concerns over the unenforceability of a tax, as well as the image it would create for citizenship applicants.
Formal objections as above were transmitted to the Chamber of Delegates along with the notification of the president’s veto. The president noted, however, that he would be pursuing an investigation into an alternate method of funding Silofais and its website during the interim between his veto and his State of the State address in November (the Silofaisan equivalent of the State of the Union address in the United States) and that “if we are not able to come up with a solution before the Address, I will sign the current substantive form of the Economy Act, four months before the first debit for the cost of the website.”
The president’s veto can be overturned by a two-thirds majority of the Chamber of Delegates. At this time the Daily Micronational does not have an up-to-date vote count, though given the bill’s overwhelmingly successful passage out of committee, the DM predicts that the president’s veto will be overturned on this occasion.