First, I will pass all the laws for Expanding Worker's Rights. (
http://www.epi.org/publication/safety-net-savings-from-raising-minimum-wage/)
Second, I will pass all the laws for Criminal Justice Reform.
Third, increase funding to the IRS (Internal Revenue Service). There is a shortfall, and for every $1 Congress invests in the IRS, the IRS brings back revenue of roughly $7. (
https://www.irs.gov/newsroom/national-taxpayer-advocate-
delivers-2012-annual-report-to-congress) (
http://www.bloomberg.com/news/artic...cement-spending-yields-6-for-every-1-lew-says)
Tax Policy Center.
What options would increase federal revenues?
"The federal government could strengthen enforcement. The IRS estimates that the "tax gap"—the difference between taxes owed and those actually paid—was about $450 billion in 2006 and that enforcement efforts and penalties recovered about $65 billion. Better enforcement could further reduce the remaining $385 billion gap."
(
https://www.irs.gov/pub/irs-soi/06rastg12workppr.pdf).
Fourth,
I would implement more tax brackets, and have the highest margin tax rate be 67%. In short, I would go back to the tax rate under President John F. Kennedy. Below is an idea of the current tax bracket for a single person.
Current Tax Bracket for Single people: (2017)
10% Marginal Tax Rate: $0-9,325
15% Marginal Tax Rate: $9,326- $37,950
25% Marginal Tax Rate: $37,951- $91,900
28% Marginal Tax Rate: $91,901- $191,650
33% Marginal Tax Rate: $191,651- $416,700
35% Marginal Tax Rate: $416,701- $418,400
39.6 Marginal Tax Rate: $418,401+
Below is my proposed Tax Bracket for Single people: (A work in progress). It is a work in process as I would rather be based on Math, and what will be the best way to restructure the Tax Rate, and ensure the most revenue from each Tax Bracket.
10% Marginal Tax Rate: $0-9,325
15% Marginal Tax Rate: $9,326- $37,950
25% Marginal Tax Rate: $37,951- $91,900
28% Marginal Tax Rate: $91,901- $191,650
33% Marginal Tax Rate: $191,651- $416,700
35% Marginal Tax Rate: $416,701- $418,400
39.6% Marginal Tax Rate: $418,401-$500,000
45% Marginal Tax Rate: $500,001- $1,000,000
53% Marginal Tax Rate: $1,000,001- $5,000,000
61% Marginal Tax Rate: $5,000,001- $10,000,000
67% Marginal Tax Rate: $ 10,000,001+
For marriage, it would be similar to a single person, but I would need a person to work examine and evaluate the best tax bracket for a married person.
Fifth, as taxes will become more complex under my new tax plan, and the IRS will have more funding, the IRS will be the ones to do the people's taxes. In fact, in countries like Sweden and Finland, this is already happening.
(
https://www.youtube.com/watch?v=vGVK4ibMI-Y) (
https://www.vox.com/2016/4/8/11380356/swedish-taxes-love)
Sixth, the USA will discontinue the production of pennies. If using cash at stores, the amount will be rounded to the nearest 0 or 5. If using a card, then the amount will remain the same. In short, it will follow Canada's method.
Seventh, Convert mortgage interest deduction to credit. I would replace the mortgage-interest income-tax deduction with a 15% credit (Fiscal Ship).
Eighth, Enact immigration reform (Fiscal Ship). Furthermore, people in countries that are helping the US military, will get top priority in being allowed to immigrate to the USA and become a US citizen.
Ninth, increase the Capital Gains tax from 15% to 18%.
Tenth, limit deductibility of drug advertising. I would block drug companies from deducting advertising costs so they'd do less direct-to-consumer advertising (Fiscal Ship)
Eleventh, end tax breaks for fossil fuels (Fiscal Ship).
Twelve, Enact the Buffet Rule, a tax on millionaires. I would establish a 30% minimum tax on those with adjusted gross incomes of $1 million or higher.
.Thirteen, Eliminate cap wages subject to payroll tax. I would eliminate the cap on the Social Security payroll tax, which currently hits only wages up to $127,200 (in 2017) (Fiscal Ship).
Fourteen, I would gradually lift the Social Security payroll tax (which is split between employer and employee) from 12.4% to 13% (Fiscal Ship)
Fifteen, Boost taxes on the super-rich. I would add a 4% surcharge to the taxes of anyone making over $5 million a year (Fiscal Ship).
Sixteen, Increase Medicare payroll tax. I would lift the Medicare payroll tax from 2.9% to 3.9% of wages (Fiscal Ship).
Seventh, Lower barriers to importing drugs. I would lower barriers to importing prescription from other countries (Fiscal Ship).
Eighteen, I would bring the House Speaker, the House Minatory Leader, the Senate Majority Leader, and the Senate Minatory Leader together. I would talk with them about cutting pork spending to save Government money.
Nineteen, examine our programs in place and determine what programs are cost effective and what programs are not. We will increase funding on programs that are a net positive, and remove programs that are a net negative.
Twenty, shrink waste in all our programs. Have a study performed to depend how to decrease Government waste. For example, change lighting blubs over to uses that use less electric.
Twenty-first, legalize prostitution and tax their income.
https://people.emich.edu/tsonntag/engl444/printtoweb/tax_revenue.html
Twenty-Second, cut back on the number of nuclear weapons from 4,800 warheads to 2,400 warheads.
Twenty-three, pass a law letting Muslim and same-sex couples adopt children. I forget where I got the numbers from, but the USA has 428,000 to 670,000 children in Foster Care, and it is costing us $4.3 billion dollars a year to support them. The fewer children in Foster Care, the less it costs the State.
Twenty-four, expand the access to birth control, so all women in the USA can get it.
(
http://www.theatlantic.com/business...-spending-more-money-on-birth-control/254442/) Spending $235 million on family planning would save $1.32 billion.
Method twenty-four will also help with method twenty-three, by reducing the number of children that end up in foster care in the first place.
Twenty-five, it will cost 16.6 billion dollars every year for 10 years to testing and removing lead from old houses nationwide (166 billion dollars). We can do Hazard screen and Interim Controls for houses occupied by low-income families, and that will cost only 230 million dollars.
UPI: Study: Lead exposure leads to crime "research...shows a correlation between decreasing lead levels...and a fall in general crime." (Combined with lower medical bills and greater economical activity results in saving $17 to $221 dollars for each dollar invested in lead paint hazard controls). Environomental Health Perspective (EHP) (
https://www.youtube.com/watch?v=GUizvEjR-0U).
Twenty-six, impose a carbon tax. Impose a $25-a-ton on emissions of carbon dioxide from electricity generation, manufacturing and transportation. I would raise that tax each year 2% more than the inflation rate (Fiscal Ship).
Twenty-seven, increase the estate tax. The estate tax rate, now 40%, applies only to estates over $11.2 million. I would lower the threshold to $3.5 million, and boost the rate to a minimum of 45% and maximum of 65% (on estates of over $500 million) (Fiscal Ship).
Twenty-eight, expand housing aid for poor. I would increase the number of low-income households who receive housing voucher -- which tenants use to help pay rent to private landlords so no family who receives one has to devote more than 30% of income to rent and utilities (Fiscal Ship)
Twenty-nine, expand earned income tax credit. I would double the government-provided bonus paid to low-wage workers without kids and to parents who don't live with their kids or are non-custodial parents (Fiscal Ship).
Thirty, provide fresh food to combat diabetes. "The cost of diabetes in the U.S. now exceeds $240 billion a year." We can spend $1,000 dollars a year providing people with fresh food and stuff, and save $24,000 dollars a year. More information is needed, but this appears like it is going in a good direction. It affects 382 million people a year. "One finding: In the U.S., women with diabetes have total lifetime health care costs of $283,000. Equally striking is that the condition is linked to a significant decline in earning power." "More than 29 million Americans have diabetes." (
https://www.npr.org/sections/thesal...ign=npr&utm_term=nprnews&utm_content=20170508).
Thirty-one, require that public money that is spent on private business must provide their accounting books to show that they need public money in the first place. The hope is that it will curb the use of public money to build sports stadiums instead of private business building sports stadiums.
Thirty-two, close down Guantanamo Bay. Prisoners currently in Guantanamo Bay will be moved to Federal Prisons within the USA.
Thirty-three, cut Paid Patriotism from military funding.
Thirty-four, when automation increases in the USA, the US Government should buy military uniforms from US companies that use automation. It will decrease the military cost.
Thirty-five, I would pass a law that gets rid of Air Marshals (they work for the TSA). They cost roughly $800 million dollars.
Thirty-six, I would get rid of the TSA. It currently costs roughly $7.55 billion dollars.
Thirty-seven, according to Adam Ruins Everything, Flushable wipes cost San Francisco $4 million dollars a year cleaning its pipes. I would have my Attorney General sue the company that produces Flushable wipes for false advertisement, and use Government funds to create videos inform the public of the cost that Flushable wipes have on them. These would be posted on the internet, and would air on TV.
Thirty-eight, I would follow the example of Advance Peace as they are working to decrease gun violence in the USA. According to Rand, "Homicides cost on average $8,667,278. It costs almost $5,500,000 dollars to fund Advance Peace (Also known as Peacemaker Fellowship), but the benefits are nearly $542,000,000. In all, they saved almost $536,000,000 dollars. (The program is over 18 months)."
Thirty-nine, I would follow Utah's plan to decrease homelessness (
https://www.npr.org/2015/12/10/459100751/utah-reduced-chronic-homelessness-by-91-percent-heres-how). Homelessness costs the Nation anywhere between $35,000 to $150,000 dollars a year (
http://www.politifact.com/truth-o-m...cretary-says-homeless-person-costs-taxpayers/).
According to the report by HUD, 565,000 people are homeless. A lack of affordable housing, combined with slumping pay at the lower end of the U.S. wage scale, has been cited by analysts as a driver of homelessness in a number of U.S. cities (
http://www.reuters.com/article/us-usa-homelessness-idUSKCN0T908720151120).
Forty, I would expand Meals on Wheels. "Nationwide in 2009, 12.6 percent of nursing home residents were considered "low-care," meaning they did not need much of the suite of services that a nursing home provides."
"But the percentages every year vary widely between the states. A major reason for that state-to-state variation turns out to be the difference that home-delivered meals can make. The researchers wrote that their analysis boils down to this ratio: For every $25 per year per older adult above the national average that states spend on home-delivered meals, they could reduce their percentage of low-care nursing home residents compared to the national average by 1 percentage point." (
https://news.brown.edu/articles/2012/12/meals).
"About 1.3 million American seniors now live in nursing homes. 70 percent of them rely on Medicaid to pay the bill, which means they are low-income or have otherwise spent down their assets. The average cost of a nursing home private room tops $83,000 a year." (
http://www.facethefactsusa.org/facts/high-cost-nursing-home-care).
Forty-one, According to Pew Charitable Trusts, Medicare can save 1.5 billion dollars if it records their stuff and makes sure that defect equipment isn't being used (
http://www.pewtrusts.org/en/researc...tting-important-data-on-medicare-claims-forms).
Forty-two, Governments at all levels should not invest tax dollars into religious projects like Noah's ark. I would pass a law to prevent Public money to go to religious projects, because Churches in the USA don't pay taxes.
Forty-three, research ways to decrease obesity in the USA. Obesity costs the military $5.5 billion dollars a year, and it costs the Government anywhere from $147 billion to 210 billion dollars a year (
https://academic.oup.com/milmed/article/179/5/462/4160786)
In addition, obesity is associated with job absenteeism, costing approximately $4.3 billion annually2 and with lower productivity while at work, costing employers $506 per obese worker per year (
http://stateofobesity.org/healthcare-costs-obesity/).
Forty-four, I would provide funding for dental sealant programs. They can reduce tooth decay in young children and lower costs to taxpayers when used in high-need schools (
http://www.pewtrusts.org/en/researc...ffective-way-to-improve-childrens-oral-health).
Forty-Five, I would have the Federal Government provide money for mental Healthcare. For every $1 we invest into mental healthcare, we will get roughly $4 dollars back (
http://www.usnews.com/news/best-cou...economic-argument-for-mental-health-treatment).
