Money & The Economy

Proposed Constitutional Amendment

William Way, Jr.

Proposed Amendment

To

The Constitution of The United States of America

Amendment 28

National Consumption Tax

1. The sixteenth article of amendment to the Constitution of the United States is hereby repealed.
2. The Congress shall have power to lay and collect taxes on end-user consumption of all goods and service, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration, in an amount not to exceed 14% of such consumption.
3. The Congress shall delegate to the states authority to collect and transfer such consumption taxes to the federal treasury on a uniform, routine and customary schedule.
4. The Congress shall exempt from taxation all individual medical expenses, excepting those medical expenses articulated by legislation passed in each house of Congress by no less than a two-thirds majority of the fully membership of each house.
5. The Congress shall not impose any other form of taxation on the States, the People, or industries of the United States of America.
6. The Congress shall adopt a biennial budget.

  • a. The budget shall be adopted by the fifteenth day of October in each odd numbered year.
  • b. The budget for appropriations shall not exceed the total projected revenues of the United States of America.
  • c. All appropriations shall be accounted for within a single budget for all authorized federal expenditures.

7. This amendment shall take effect 270 days following ratification, by popular vote, within the states, if such ratification has occurred prior to the completion of ten years following submission to the states by the Congress.

 

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