A ProposalTo Amend The Constitution And Rectify Economic Injustice In The Current Tax Code

Petition of the People of the United States of America

 

PROPOSED:

AN AMENDMENT

TO THE

UNITED STATES CONSTITUTION

 

This petition, of the People to the 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 rate of ten percent (10%) 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 rate of twenty-five (25%) percent per person earning in excess of said three hundred thousand dollars per calendar year with no deductions allowed.

f.       A corporate income tax rate of fifteen (15%) with no deductions, loopholes, escape clauses or any device to avoid payment allowed.

Section 2.  Any company, corporation, or business within the confines of the United States of America including territories and possessions 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 only in the most extreme dire emergency or in the case of war declared by both Houses of Congress, shall Congress impose upon the People a value added tax (VAT). Congress shall not borrow from Social Security or Medicare programs to balance its budget.

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 legistlation.