The whole reason states apply for waivers is because that's not true.
I'd like to see an end to the food stamp program ( S.N.A.P.) by the year 2026 if the implementation of tax reform and universal health insurance with universal basic income ( T.R.A..U. H.I.W.U.B.I..), were done nearly resembling as follows:
1. Universal health insurance ( U..H.I.) affordably be done with insured cost sharing, ( Universal Medicare with a combined $4,000 Part A and B deductible, a 20 percent Part A and B co-insurance and a 50 percent prescription drug co-insurance ) costing taxpayers ca. $2.3 trillion in the fiscal year 2026.
2. U.H.I being funded in large part with a 10 percent value-added-tax ( 10%V.A.T.) less VAT tax monthly rebates of $180 for each American citizen age 18 or over, this would net approximately 800 billion dollars of revenue in the year 2026; U..H.I. also being funded in part with an increase in the corporate income tax rate from 21 percent to 29 percent resulting in corporations paying U.S. corporate income taxes of ca. $600 billion, the imposition of financial transaction taxes ( remittance taxes and stock/bond trade taxes) generating ca. $200 billion, the implementation of tariffs resulting in ca. $150 billion of revenue in 2026 and federal estate taxes generating an additional ca. $50 billion in revenue., alcohol, cannabis and tobacco excise taxes generating ca. $100 billion of funding for U.H.I, and the remainder of funding for U. H.I. coming from Medicare payroll taxes of ca. $400 billion.
3. Social security being 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 $350,000 of each individual wage earner's income .In 2026, this would mean Americans would pay ca. $1.5 trillion in social security payroll taxes.
4. U.S. military spending along with all other governmental agencies, save for U.H.I. , social security , the Department of Transportation and Homeland Security,being funded with a simplified income tax system, just a few income tax brackets beginning in year 2026, zero percent on the initial $12,000 of personal individual annual income, 12 percent on $12,001 to $62,000 of personal individual annual income, 32 percent on individual personal annual earnings in excess of $62,000. Capital gains taxed at same rate as ordinary income. No tax credits, save for a refundable $3,400 child tax credit as well as a $4,000 subsistence living allowance tax credit for each adult American citizen. In 2026, this would result in total personal federal income taxes amounting to an estimated $1.3 trillion.
5. The implementation of excise taxes on railways, fuel, airports and aviation collectively adding up to $160 billion, which would fund the Department of Transportation and Homeland Security.
6. Approved federal spending in 2026 at ca. $2.3 trillion for universal health care ( U.H.I. ) $1.5 trillion for Social Security, ( no change from status-quo on S.S. retirement benefits ), ca. 950 billion dollars towards the military and veteran services or veteran benefits, $600 billion on debt interest payments, an estimated $65 billion spending on the U.S. Department of Agriculture, ( ca. $10 billion ) for the Department of Commerce, ( ca. $13 billion ) for the Center for Disease Control and Prevention, ( ca. $35 billion) for the Department of Energy, ( ca. $9 billion ) for the Environmental Protection Agency, ( $8 billion ). for the Food and Drug Administration, ( ca. $42 billion ) for the Department of Housing and Community Development, ( ca. $26 billion) for the Department of Interior annual spending, ( ca. $55 billion) for the Department of Homeland Security, (ca. $32 billion) for the Department of Justice, ( ca. $11 billion ) for the Department of Labor, ( ca. $26 billion ) for N.A.S.A., ( ca. $48 billion ) for the State Department, ( ca. $105 billion) for the Department of Transportation, ( ca. $24 billion ) for the Department of Treasury; the above proposed federal spending resulting in total federal annual spending to be ca. $5.860 trillion..
7. The above approved fiscal year 2026 federal spending being ca. $5.86 trillion and ca. $5.26 trillion of tax revenue would result in a federal deficit of ca. $600 billion for FY 2026.
8. Every American adult citizen would have a guaranteed minimum yearly income of over $6,000: a $4,000 refundable tax credit and a monthly $180 V.A.T. rebate.
