Reset and Rebuild: Pull the Plug on Old Ways, Power Up New Solutions

1. Starting Strong Tax Relief Act

Objective: To alleviate the financial strain on lower-income earners.

Features: Implements a zero percent tax rate for annual incomes up to $40,000 gross income, indexed to 1.5 times the CPI to prevent bracket creep due to inflation.

Impact: Increases disposable income for low earners, potentially boosting consumer spending and economic activity at the grassroots level.

2. Progressive America Tax Reform Act

Objective: To ensure a fairer tax system that scales according to ability to pay.

Features: Establishes a series of progressive tax brackets, designed to tax higher incomes at higher rates while keeping the burden lighter on lower incomes.

0% up to $40,000;

10% from $40,001 to $90,000;

20% from $90,001 to $150,000;

24% from $150,001 to $250,000;

30% from $250,001 to $350,000;

35% above $350,000.

Impact: Aims to reduce income inequality by taxing higher earners at rates that reflect their financial capability, fostering a more equitable society.

3. Social Security Income Protection Act

Objective: To secure financial stability for retirees by exempting Social Security benefits from federal taxes.

Features: Completely eliminates taxation on Social Security income, ensuring retirees receive their full benefits.

Impact: Enhances the quality of life for the elderly, reducing poverty among retirees and helping them cope with rising healthcare costs.

4. Total Health Deduction Act

Objective: To reduce the out-of-pocket health care costs for individuals and families.

Features: Allows for the full deduction of medical expenses, with no upper limit "off the top", making it easier for taxpayers to manage significant healthcare expenses.

Impact: Potentially lowers the overall cost burden of healthcare and increases access to necessary medical treatments.

5. Capital Gains Stability and Growth Act

Objective: To encourage long-term investment and more stable financial planning.

Features: Increases the deduction limit for capital losses and extends the qualifying period for long-term capital gains from one to three years.

Impact: Discourages short-term trading and promotes long-term, sustainable investment strategies, leading to greater economic stability.

6. Fair Share Social Security Act

Objective: To adequately fund Social Security by requiring higher-income earners to contribute more.

Features: Increases the income cap subject to Social Security taxes from $168,000 to $250,000 and indexing it to inflation every year.

Impact: Ensures the longevity and solvency of the Social Security system, maintaining its viability for future generations.

7. SALT Fairness Act

Objective: To rectify the issue of double taxation at state and federal levels.

Features: Repeals the cap on State and Local Tax (SALT) deductions, allowing taxpayers to fully deduct these expenses on their federal tax returns.

Impact: Makes state and local taxation more equitable and prevents higher tax burdens in states with higher taxes.

8. Local Equity Tax Adjustment Act

Objective: To adjust federal taxes based on regional living costs.

Features: Implements adjustments to standard deductions based on regional differences in the cost of living.

Impact: Promotes fairness by considering the economic diversity across regions, ensuring that taxpayers in high-cost areas are not disproportionately taxed.

9. Accountable Spending Act

Objective: To enhance the efficiency and transparency of government spending.

Features: Mandates regular audits of government programs and public access to audit results.

Impact: Increases government accountability and ensures taxpayer money is used effectively, reducing waste and corruption.

10. Business Freedom and Growth Act

Objective: To stimulate business innovation and growth by reducing regulatory burdens.

Features: Focuses on sector-specific deregulation and streamlines compliance processes.

Impact: Encourages entrepreneurship and makes it easier for businesses to start and grow, enhancing job creation and economic diversification.

11. Pathways to Progress Education Act

Objective: To enhance education and training to meet the needs of modern economies.

Features: Focuses on expanding STEM education, vocational and trade training, and supporting school choice.

Impact: Prepares a workforce capable of handling future challenges and opportunities, improving national competitiveness.

12. Balanced Future Act

Objective: To ensure long-term fiscal stability through responsible budgeting.

Features: Implements a balanced budget requirement and prioritizes spending based on effectiveness.

Impact: Aims to stabilize the economy, prevent excessive government debt, and maintain investor confidence in the nation's fiscal management.