A Proposal To Add A 28th Amendment To The Constitution

Unfettered capitalism is just as dangerous to the People as unfettered communism, religious extremism, or facism. It is in the interests of the People to take matters into their own hands whenever Congress fails to compromise or has become a tool of narrow private interests. Such is the case in today's economic situation. Therefore I shall propose the following petition to the People to rectify an incoherent and partisan Congress that has abandoned common sense and logic.

Petition of the People of the United States of America 

PROPOSED:

AN AMENDMENT

TO THE

UNITED STATES CONSTITUTION

This petition, to the People and Congress of the United States of America, heretofore to be regarded as the proposed 28^th Amendment to the Constitution is hereby proposed for ratification by a vote of approval by a two thirds majority of the states.

Proposed: Amendment 28

Section 1.        Congress shall alter the federal tax code to reflect the following unalterable standards and conditions.

a.      An individual flat rate income tax of five percent (5%) per employed person regardless of household for all wage earners earning less than three hundred thousand dollars ($300,000.00) per calendar year. Those living below the poverty level are exempt.

b.      A primary home deduction per household of two and a half percent (2.5%) shall be allowed per calendar year on a primary mortgage held by a local savings and loan or credit union regardless of style or structure of home for all wage earners earning less than the ceiling of three hundred thousand dollars ($300,000.00).

c.       The so-called marriage penalty shall be eliminated.

d.      There shall be no deduction for charity.

e.       An individual flat rate income tax of fifteen percent per person earning in excess of said three hundred thousand dollars per calendar year with no deductions allowed.

f.       A corporate tax rate of 20% with no deductions and no loopholes allowed.

Section 2.  Any company, corporation, or business within the confines of the United States of America that chooses to close its business in the United States and export American jobs to a foreign land shall be penalized with a tariff equal to the full value of wages and benefits lost to the American employees displaced by said move for a total of five years’ time per employee.

Section 3. Except in the most extreme dire emergency or in case of a declared war shall Congress not impose upon the People a value added tax (VAT).

Section 4. No law shall be enacted that allows members and staffs of Congress an exemption; nor shall said members and staffs of Congress be exempt from any law already enacted. The Executive branch, the Judiciary branch, and Congress shall not be exempt from any law.

Section 5. To prevent the undue influence of corporations, individuals, lobbyists, and foreign entities, all federal elections shall be financed by the People of the United States of America. Congress shall have the power to enforce this article by appropriate legislation.