As much as I hate to admit it but for all the defending I do for the Democrats and I am liberal not Democrat, I really don't think either Democrats or Republicans will have a presidential candidate who will do any good for us the next four years.
I think they will probably send Trump out to get reelected and we'll see how that comes out. But Trump will be more of the same crap, but I am not sold the Dem's have anyone that will be much better either.As much as I hate to turn my back on the Democrats I will probably vote Libertarian.
But I don't have much faith the next four years will be much different then what we have had sadly.
I'm planning on starting up a third political party in 2025, after Trump's expected Presidential second term. The political party is going to be called the UBIAUCHIP Party, which stands for Universal Basic Income and Universal Catastrophic Health Insurance Provisions.
In the year 2026, universal basic income and universal catastrophic health insurance protection ( U.B.I.A. U.C.H.I.P.) could be affordably done with federal spending of ca. $2.3 trillion towards Universal Basic Income, ( $800 monthly U.B.I for every individual adult American citizen ), many targeted social welfare programs would be eliminated and replaced with U.B.I. ) Universal Medicare with some insured cost sharing, ( Universal Medicare w/combined $5,000 Part A and B deductible and 20 percent Part A and B insured co-insurance, 50 percent prescription drug co-insurance ) would cost taxpayers ca. $2.3 trillion
The estimated costs of additional federal spending would be ca. $1.4 trillion for Social Security, ( no change from status-quo on S.S. retirement benefits ), $1.050 trillion towards the military and veteran services or veteran benefits, $550 billion on debt interest payments, an estimated $35 billion spending on the U.S. Department of Agriculture, ( ca. $14 billion ) for the Department of Commerce, ( ca. $13 billion ) for the Center for Disease Control and Prevention, ( ca. $34 billion) for the Department of Energy, ( ca. $15 billion) for the Department of Interior annual spending, ( ca. $58 billion) for the Department of Homeland Security, (ca. $32 billion) for the Department of Justice, ( ca. $10 billion ) for the Department of Labor, ( ca. $24 billion ) for the State Department, ( ca. $121 billion) for the Department of Transportation, ( ca. $23 billion ) for the Department of Treasury, ( ca. $7 billion ) for the Environmental Protection Agency, ( ca. $7 billion ) for the Food and Drug Administration, and ( ca. $28 billion) for N.A.S.A. In 2026, the above proposed federal spending would result in total federal annual spending to be ca. $8.021 trillion.
In terms of federal taxes, ( U.B.I.A.U.C.H.I.P.) could be mostly funded with a simplified income tax system, just a few income tax brackets beginning in year 2026, zero percent on initial $14k of personal individual annual income, 12 percent on $14,001 to $64k of personal individual annual income, 32 percent on individual personal annual earnings in excess of $64k. Capital gains taxed at same rate as ordinary income. No tax credits, save for refundable $2k child tax credit. In 2026, this would result in total personal federal income taxes amounting to an estimated $2.8 trillion.
U.B.I.A.U.C.H.I.P. could also be funded in part with an increase in the corporate income tax rate from 21 percent to 29 percent. In 2026, this would result in corporations paying U.S. corporate income taxes of ca. $550 billion
Social security could be fully funded by a doubling of the cap on social security taxes, so that all workers and employers would contribute 6.2 percent of social security taxes on every dollar of their earnings up to 350k of each individual wage earner's income . In 2026, this would mean Americans would pay ca. $1.85 trillion in payroll taxes.
Beginning in 2026, a 10 percent federal Value Added Tax could be used to fund U.S. military spending along with veteran services and benefits, and some other governmental department agencies. A ten percent Value Added Tax would result in ca. $1.25 trillion of federal taxation on America's total annual personal consumption.
Excise taxes on fuel, tobacco, cannabis, alcohol, air travel, Amtrak, national park and museum admission fees would collectively add up to ca. $250 billion in 2026. Excise taxes could be used to fund spending on the Department of Commerce ( ca. $14 billion ), Environmental Protection Services ( ca. $7 billion ), Food and Drug administration ( ca. $7 billion), Department of home Security ( ca. $58 billion ), Department of Interior annual spending ( ca. $15 billion), Department of Labor ( ca. $10 billion ), and the Department of Transportation ( ca. $121 billion ).
Other federal taxes, besides income taxes, V.A.T. and excise taxes, such as estate taxes, financial transaction taxes ( remittance taxes and stock/bond trade taxes), and tariffs would generate ca. an additional $450 billion.
All the above proposed taxes for 2026, would add up to ca. $7.15 trillion.
The above proposed federal spending of $8.035 trillion and $7.15 trillion of federal taxes would result in an annual federal deficit of ca. $871 billion in 2026.
A universal $800 monthly universal basic income along with universal Medicare health insurance coverage could be funded with income taxes, medicare payroll taxes, and financial transaction taxes ( remittance taxes and stock/bond trade taxes), tariffs and federal estate taxes.
Social security could be fully funded with social security payroll taxes.
National defense spending ( ca. $800 billion/year spending on U.S. Department of Defense , Veterans services and benefits ( ca. $250 billion/year ) , U.S. Department of Agriculture ( ca. $35 billion ), Department of Energy ( ca $34 billion), Department of Justice ( ca. $32 billion), N.A.S.A. ( ca. 28 billion/year ), Department of State ( ca. $24 billion), Department of Treasury ( ca. $23 billion ). Center for Disease Control and Prevention ( ca. $13 billion/) could be entirely funded with a 10 percent value added tax.
Annualized spending for the Department of Commerce ( ca. $14 billion ), Environmental Protection Services ( ca. $7 billion ), Food and Drug administration ( ca. $7 billion), Department of home Security ( ca. $60 billion ), Department of Interior annual spending ( ca. $15 billion), Department of Labor ( ca. $10 billion ), and the Department of Transportation ( ca. $121 billion ) could then be funded with federal excise taxes.
