American Fiscal Security and Economic Stabilization Act
Making Billionaires Pay Their Fair Share—So Your Kids Don't Have To
😟 The Problem
That's our national debt. $35 TRILLION.
Crushing Interest
We pay over $1 TRILLION every year just on interest—not paying down the debt, just interest!
Social Security at Risk
Without action, Social Security faces long-term trouble. Seniors are worried.
Billionaires Pay Less
Some billionaires pay lower tax rates than teachers and nurses—using loopholes.
✅ Our Solution
Close the loopholes that let the ultra-wealthy skip out on taxes. Zero new spending programs—every dollar goes to paying down debt and protecting Social Security.
Cut Debt in Half
Reduce debt-to-GDP from 125% to 70% over 20 years. Our kids deserve better!
Protect Social Security
Guarantee 75-year solvency. Current beneficiaries' benefits are UNTOUCHABLE.
Emergency Fund
Build a $500 billion reserve so disasters don't add to the debt.
Protect the Middle Class
NO tax increases for anyone earning under $400,000. Period.
💵 How We Pay For It
By closing loopholes that let the ultra-wealthy avoid paying their fair share:
The "Buy, Borrow, Die" Loophole
The Problem: Billionaires borrow against their stocks instead of selling them—so they never pay taxes on their gains.
Our Fix: 2% tax on these mega-loans when backed by over $1 million in gains.
💰 Raises: $80-150 Billion
The "Carried Interest" Loophole
The Problem: Hedge fund managers pay lower tax rates than their secretaries.
Our Fix: Treat their income like everyone else's income.
💰 Raises: $15-20 Billion
Stock Buyback Bonanza
The Problem: Companies buy back their own stock to boost prices instead of paying workers more.
Our Fix: Increase the buyback tax from 1% to 4%.
💰 Raises: $200-300 Billion
Corporate Minimum Tax
The Problem: Giant corporations use tricks to pay almost nothing in taxes.
Our Fix: 20% minimum tax for billion-dollar corporations. No more zeros!
💰 Raises: $100-150 Billion
📊 The Numbers
Total revenue over 10 years
New spending programs
Direct debt reduction
Social Security secured
👵 Social Security: Absolutely Protected
Current Beneficiaries
If you're receiving Social Security NOW, nothing changes. Your benefits are completely protected. Your COLA is protected. Period.
How We Secure It:
Remove the wage cap so high earners pay Social Security tax on ALL their income
6.2% tax on investment income over $1.5 million
Smart investing through the existing Thrift Savings Plan
Result: Social Security solvent for 75+ years!
💎 The Millionaire Surtax
A small extra tax on the very highest incomes—and it goes away once the debt is under control!
Automatic Sunset: This tax disappears when debt hits 70% of GDP. It's temporary!
✨ Luxury Goods Tax
A 5% tax on ultra-luxury purchases. If you can afford a private jet, you can afford to help pay down the debt.
Private jets over $1 million
Yachts over $500,000
Supercars over $250,000
Jewelry over $50,000
Made in America Bonus: 75%+ American-made products are EXEMPT!
🆘 National Emergency Reserve
Every time there's a disaster—pandemic, hurricane, economic crisis—we add to the debt. This bill creates a $500 billion emergency fund so we're ready BEFORE disaster strikes.
Covers Real Emergencies:
- 🦠 Pandemics affecting 3+ states
- 🌊 Major natural disasters
- 📉 Economic crises (unemployment over 8.5%)
- ⚡ Critical infrastructure failures
Target Reserve
Built up $50B initially, then $10B per year
🛡️ Middle Class Protection
Audit rates stay at 2024 levels
Privacy protections built in
Simple forms (5 pages max for individuals)
📅 The 20-Year Plan
of GDP
🎯 GOAL!
"We're not punishing success—we're asking those who've benefited most from America to help pay down the debt so our kids don't have to."
— Gregory BurgessReady for Real Fiscal Responsibility?
This is what "Show Your Work" looks like—real legislation you can read today.