Incentivize American Values Act

Economy
1

A BILL

To create an incentive-based program that awards members of Congress, the Senate, the Vice President, and the President monetary bonuses for passing a balanced federal budget on time, reducing the national debt, promoting GDP growth, restricting tax increases, and incentivizing reductions in income tax rates.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the “Incentivize American Values Act.”

SECTION 2. DEFINITIONS.

For the purposes of this Act:

  1. “Balanced Budget” shall mean a federal or state budget in which revenues equal or exceed expenditures in a given fiscal year.
  2. “GDP Growth” shall mean the real year-over-year increase in Gross Domestic Product as measured by the Bureau of Economic Analysis (BEA).
  3. “National Debt Reduction” shall mean the total year-over-year reduction in the federal national debt as reported by the U.S. Department of the Treasury.
  4. “Tax Brackets” shall refer to the income tax brackets as defined by federal tax law for the fiscal year 2024, excluding tax brackets with a 0% tax rate.

SECTION 3. FEDERAL LEVEL INCENTIVES.

(a) Bonus for Passing a Balanced Budget on Time.
If the federal budget for a given fiscal year is passed by Congress and signed into law by the President by September 30 of the prior fiscal year, and the budget is balanced as defined in Section 2, the following individuals shall be awarded $3,000,000 each:

  1. The President of the United States.
  2. The Vice President of the United States.
  3. Each member of the U.S. Senate.
  4. Each member of the U.S. House of Representatives.

(b) Restriction on Tax Increases.
A balanced federal budget, as required under subsection (a), must be achieved without raising tax rates beyond the levels established for the 2024 fiscal year. No increases in income, corporate, or other taxes shall be used as a method to achieve the balanced budget.

(c) Bonus for National Debt Reduction.
For each $1 billion reduction in the national debt during a balanced-budget fiscal year, as defined in Section 2, an additional $5,000 bonus shall be awarded to each individual listed in subsection (a).

(d) Bonus for GDP Growth Above 2%.
For every full percentage point of real GDP growth above 2 percentage points in a fiscal year where the federal budget is balanced, as defined in Section 2, a further $1,000,000 shall be awarded to each individual listed in subsection (a).

For example:

  1. A real GDP growth rate of 2.5% will yield no bonus under this subsection.
  2. A real GDP growth rate of 3.1% will yield a $1,000,000 bonus per person.
  3. A real GDP growth rate of 4.2% will yield a $2,000,000 bonus per person.

(e) Bonus for Income Tax Reduction.
For each full percentage point by which income tax rates for all tax brackets, excluding 0% tax brackets, are reduced below the 2024 fiscal year levels, each individual listed in subsection (a) shall receive an additional $100,000 bonus. Reductions must apply equally to all tax brackets until and unless the rate for a particular bracket reaches 0%.

For example:

  1. If all applicable tax brackets are reduced by 1%, a $100,000 bonus is awarded to each individual listed in subsection (a).
  2. If all applicable tax brackets are reduced by 2%, a $200,000 bonus is awarded to each individual listed in subsection (a).
  3. Once a tax bracket reaches a 0% rate, it is excluded from further reductions, and the remaining brackets must continue to be reduced equally.

SECTION 4. STATE LEVEL INCENTIVES.

(a) Bonus for State-Level GDP Growth and Balanced Budgets.
Each fiscal year, the five U.S. states with the highest year-over-year real GDP growth, as defined in Section 2, where the state budget is also balanced, shall receive a total bonus of $100 million to be divided equally among the following individuals in each state:

  1. The Governor.
  2. The Speaker of the State House of Representatives (or equivalent position).
  3. The President of the State Senate (or equivalent position).

(b) State-Level GDP and Balanced Budget Bonus Allocation.
The bonus described in subsection (a) shall be allocated as follows:

  1. 20% to the Governor.
  2. 40% divided evenly among the members of the state legislature.
  3. 40% to be invested in state infrastructure, education, or healthcare projects as decided by the state legislature.

SECTION 5. REPORTING REQUIREMENTS.

(a) Annual Report by the Department of the Treasury.
The U.S. Department of the Treasury shall submit an annual report to Congress by January 31 of each year, detailing:

  1. Whether the federal budget was balanced in the previous fiscal year.
  2. The total national debt reduction, if any, during the previous fiscal year.
  3. The real GDP growth rate for the previous fiscal year.
  4. The changes in income tax rates for each bracket compared to the 2024 fiscal year.

(b) State-Level Reporting.
The Department of Commerce, in cooperation with state governments, shall submit an annual report by January 31 of each year identifying the five states with the highest real GDP growth and confirming whether each state maintained a balanced budget.

SECTION 6. FUNDING.

Bonuses awarded under this Act shall be funded through savings generated by the reduction in the national debt and shall not require additional appropriations.

SECTION 7. SUNSET PROVISION.

This Act shall expire ten years after the date of its enactment unless reauthorized by Congress.

SECTION 8. EFFECTIVE DATE.

This Act shall take effect on the date of its enactment.

1 Like
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They don’t need money to balance the budget they need to be required by law. All of congress, and without pay.

3 Likes
3

The reason why you find large companies are able to make large systems that aren’t currupt is because of positive incentives to do so. They stand to make billions if they can make a system that is profitable.

We have spent 100 years trying to force and ridicule congress to do the hard work of saying no to poor kids and big bankers and pharmaceutical companies.

It hasn’t worked at all. And it’s not fair. They are literally paid thousands to compete against billionaires who are willing to fight dirty.

Congress can’t get on a committee without lobby money, they can’t run for reelection without lobby money. All incentives that congress have are currently to spend money and if they say no they get millions in attack ads, lawsuits, and dirty tricks and death threats.

Only self made millionaires have any hope of doing the right thing and that’s only if they are willing to spend their own money and lose it to do the right thing for the American people.

This plan allows the money that is required to fight the deep state and the corruption that is million the American people

The return on investment is less than 1 billion and saves tax payers trillions. Thats 3000 to 1 return on investment.

But you want to keep shaming them even tho that’s hasn’t worked in the past 200 years?

Insanity is trying the same thing and expecting a different result.

What makes you think shaming people into financially devastating themself so you can save on your bottom line is the better way to go?

4

Here’s a breakdown of the people involved in each of the specified areas:

  1. The President of the United States: 1 person (the current president).

  2. The Vice President of the United States: 1 person (the current vice president).

  3. Each member of the U.S. Senate: 100 members (2 from each state).

  4. Each member of the U.S. House of Representatives: 435+ members (based on population distribution across states).

537 X 3million =1,611,000,000 almost 2 Billion

The balanced budget should have to include that cost.

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