The New American Accord: a plan for the 2029 Congress

A country that earns its best future.

A plan that invests in opportunity, safeguards assets, and earns the best future for its people, its economy, and its national security.

Debt down. Climate funded. Lives made livable.

For a century Congress added rules for sound reasons and did not maintain them. The plan invests in children, keeps in repair what everyone relies on, charges in proportion to gain and harm, delivers by published formula. The statutory target is debt-free by 2080, meaning the General Fund owes nothing.

Fairness

A floor under every child

Children start with unequal advantages, and the plan does not promise to equalize them. It sets a floor so no child starts at the lowest point a struggling family can afford. When the country neglects the conditions children grow up in, talent goes unused and every community pays. Each child program must show a published return above its cost. Every child receives a monthly allowance and a savings account, and childcare is built where families lack it.

Revenue

Who pays

People who gain most from the shared economy pay most, and whoever causes harm pays for it:

  • One flat 28% payroll tax replaces today’s payroll tax and health premiums.
  • A tax on spending comes with a monthly rebate to every person.
  • Ordinary income above $10 million is taxed at 52%.
  • Estates above $10 million per person are taxed when they pass to heirs.
  • Carbon is priced at the source, with a rebate to households.

More money passes through the Treasury (see the master tables), because one federal payer takes over medical bills that employers, households and states pay now. Benefits arrive by published formula on FedCard, a prepaid debit card, with no application or caseworker, and doctors, hospitals and states still deliver. The test is less overhead per dollar delivered.

Democracy

Bolster democracy

A plan meant to last decades needs elections people trust and officials who answer to the same rules. The 2010 Supreme Court decision Citizens United lets corporations and unions spend without limit on independent political ads. The plan requires disclosure and shareholder approval of that spending, and gives every voter equal vouchers, so large donors supply a smaller share of campaign money.

  • Each eligible voter receives $100 in Democracy Vouchers per federal election cycle to assign among qualified candidates.
  • Ranked-choice voting works like a runoff on one ballot: voters rank candidates, and last place drops out until one has a majority of the ballots still counting.
  • Inspectors general are removable only for cause, and White House contact on specific Justice Department cases is barred and logged.
  • Justices follow a binding ethics code and serve staggered eighteen-year terms, so two seats open in each presidential term.
  • DC becomes a state, because its residents pay federal taxes and have no vote in Congress.
  • Puerto Rico chooses its status in a binding vote; its citizens cannot vote for president.
Now

The issues of the day

Many heartland towns and trades have lost workers and have jobs they cannot fill. Those towns need tax revenue to repair crumbling schools and infrastructure, and shoppers in their shops and markets. A newcomer who fills an open job pays taxes and spends in those towns. Employer demand sets the volume of work-based arrivals, and the Employer Parity Surcharge with the work-offer requirement throttles it below the statutory level; intake rises in annual steps only as local capacity to absorb newcomers allows, and fewer qualify if automation removes jobs (see the briefing).

  • Visas are aimed at jobs that stay unfilled at the going domestic wage.
  • The Employer Parity Surcharge is withheld from the newcomer’s wage at payroll and pooled nationally. The pool supports host towns’ local needs, including those of refugees and people granted asylum; struggling towns get more.
  • The employer’s cost equals a domestic hire’s, so no domestic worker is undercut.
  • One published formula sets the rate, ignores country of origin, and falls with years of work.

One federal payer would cover every resident with a floor of care, while doctors and hospitals keep delivering and private plans compete above it. The Social Security old-age trust fund is projected to run out in 2032 (2026 Trustees Report), and general revenue then pays full benefits.

Other problems each get a narrower answer:

  • Housing: land value carries a surcharge, and cities may volunteer to loosen zoning.
  • Shortages: COMPASS, a county-by-county map of basic gaps, starts the matching program.
  • News: independent newsrooms may apply for support, and editors decide what runs.
  • The world: the country can lose ground to China through problems it can fix at home, and importers from countries that price carbon lower pay the difference at the border.
Ahead

The issues of the future

If artificial intelligence cuts the share of income paid as wages, payroll tax receipts fall, but spending and land value stay taxable. Adults can retrain from a lifetime training account.

  • Carbon revenue left after household rebates goes into the Climate Adaptation Trust, which an expert panel spends over generations on coastal, water and grid defenses and on defenses against fire, heat, invasive species and disease.
  • Federal law sets a minimum for spending on roads, water and the power grid.

The debt rises during the transition, by design, and the central projection meets the target. If the projected date slips by two years, the National Statistics Board applies a published formula that moves income, spending and payroll tax rates in small steps; Congress may override it. Our grandchildren will not inherit this debt.

A country that earns its best future.

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