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Full Title: *An Act to establish a mission-oriented federal budget framework for fiscal year 2030 and beyond, to promote sustainable economic growth, invest in human capital and national resilience, modernize the revenue system, and secure the long-term fiscal health of the United States.*
For fiscal year 2030 and each subsequent year, the President's budget shall allocate discretionary and mandatory expenditures across the following seven National Priority Missions (NPMs), superseding traditional agency-line item presentations:
Sec. 102. Interagency Mission Pools (IMPs).
(a) Creation: For each NPM, an Interagency Mission Pool is established, comprising 15% of the total discretionary budget allocated to that Mission.
(b) Governance: Each IMP is governed by a Mission Council composed of the relevant agency heads, two private-sector Chief Innovation Officers (appointed on a rotating 2-year term), and one community representative.
(c) Allocation: IMP funds are competitively awarded to cross-agency project teams via a proposal process. Example: A project combining USDA researchers, NOAA climate modelers, and Army Corps engineers to develop salt-tolerant crops for flood-prone regions would bid for NPM-3 IMP funds.
(d) Reporting: Quarterly performance dashboards for each IMP, measuring lead indicators (e.g., patents filed, emissions reduced per dollar, poverty rate reduction) are made public on a central digital platform.
Sec. 103. Congressional Office of Dynamic Analysis (CODA).
(a) Establishment: CODA is established as a non-partisan adjunct to the Congressional Budget Office (CBO).
(b) Mandate: CODA shall produce, for all budgetary legislation with a fiscal impact exceeding $10 billion annually:
* A 25-year dynamic fiscal projection, modeling macroeconomic feedback effects (labor participation changes, GDP growth from infrastructure, behavioral responses to taxes).
* A Resilience Stress Test, simulating the policy's performance under three scenarios: Baseline, High Inflation/Stagnation, and a Climate Shock scenario.
(c) Grand Challenge Audits: CODA shall conduct biennial performance audits of all IMPs, evaluating their progress toward 5-year outcome targets.
Sec. 104. The Economic Resilience Fund (ERF) & Fiscal Triggers.
(a) Funding: 2% of total federal outlays from the prior fiscal year shall be automatically sequestered into the ERF, held at the Federal Reserve.
(b) Release Triggers: Funds may only be released upon:
* Joint Declaration: A majority vote of a special 12-member bipartisan Joint Committee of Congress (6 from each chamber).
* Automatic Trigger: The national unemployment rate increases by 1.5 percentage points or more over a rolling 6-month period, verified by the Bureau of Labor Statistics.
(c) Use of Funds: ERF releases must be spent on pre-authorized, "shovel-worthy" projects from a maintained national portfolio (e.g., broadband in underserved areas, grid modernization, bridge repairs). 60% of any release goes to direct project labor costs.
(a) Base Rate: The corporate income tax rate is set at 22%.
(b) Global Minimum R&D Surcharge:
* A 10% surcharge is applied to the global profits (as reported under OECD Pillar Two rules) of any corporation with >$1 billion in annual global revenue that commercializes a product or service deriving more than 20% of its core value from U.S. government-funded basic research (as defined by tracing grants from NIH, NSF, DOE Office of Science, DARPA).
* Establishes an "Innovation Royalty Tribunal" to adjudicate value attribution disputes. Revenue is directed to the National Innovation Foundation (Title III).
Sec. 202. Net Wealth Tax on Extreme Wealth.
(a) Rates & Thresholds:
* 2% on net wealth between $100 million and $1 billion.
* 3% on net wealth above $1 billion.
(b) Valuation & Compliance:
* Creates a Federal Asset Registry for all illiquid assets (private business interests, real estate, art, etc.) held by individuals subject to the tax. Annual filing is mandatory.
* Imposes a "Deferral but Not Forgiveness" rule for illiquid assets. Tax liability accrues at a 5% annual interest rate until the asset is sold or transferred, at which point the cumulative tax plus interest is due.
* Includes a "Build America in America" clause: New equity investments in U.S.-based productive capital (manufacturing plants, R&D facilities) can be deducted from the wealth tax base for 5 years.
(c) Patriotic Philanthropy Offset:
* Donations of cash or liquid assets to a qualified "National Endowment Trust" (see Sec. 407) can offset up to 50% of the annual wealth tax liability.
* Trusts are permanently endowed, with annual disbursements directed by statute (e.g., 40% to Climate Trust, 30% to Child Poverty Alleviation Trust, 30% to Arts & Humanities Trust).
Sec. 203. Carbon Fee and Dividend.
(a) Fee: A fee on greenhouse gas emissions is levied on coal, petroleum, and natural gas at the first point of sale or entry into the U.S. The fee starts at $75 per metric ton of CO2-equivalent in 2030, increasing by 5% plus inflation annually.
(b) Administration: The Treasury Department shall collect the fee quarterly.
(c) Dividend: The Treasury shall, in the month following each quarter, disburse 85% of the net revenue from the fee as an "Energy Security Dividend" to all lawful U.S. residents with a valid Social Security number via direct deposit or debit card. The dividend is equal for all adults and half-shares for children (up to 2 per household).
(d) Transition Assistance Fund: The remaining 15% of revenue funds the "Worker and Community Transition Fund," administered by the Department of Labor and Commerce, providing grants for retraining, relocation, and business conversion in fossil-fuel-dependent regions.
Sec. 204. Digital Services Tax (DST).
(a) Scope: A 5% tax on the gross revenue derived by a covered company from:
* Sale of user data for targeted advertising.
* Revenue from targeted digital advertising services.
(b) Covered Companies: Any company with global annual revenue exceeding $1 billion and U.S. digital advertising/data brokerage revenue exceeding $50 million.
(c) Revenue Allocation: DST revenues are directed 50% to the Universal Broadband Fund (FCC) and 50% to the Digital Privacy Enforcement Division (FTC).
(a) Establishment: An independent agency within the Executive Branch, governed by a 9-member Board of Innovators appointed by the President and confirmed by the Senate for 6-year staggered terms.
(b) Funding: $50 billion in mandatory funding for FY2030, with 5-year budget authority.
(c) Mission: To accelerate the translation of scientific discovery into commercially viable and socially beneficial technologies in 5 priority areas: Advanced Biomanufacturing, Grid-Scale Energy Storage, Neuro-AI Interfaces, Regenerative Agriculture, and Pandemic Preparedness Platforms.
(d) Mechanism: Operates through "Milestone-Driven Contracts." Grants convert to equity-like stakes (0.5-2%) in any resulting commercial entity, with returns recycled into the NIF endowment.
Sec. 302. Universal Early Life Endowment (The "Seed Account").
(a) Eligibility: Every child born as a U.S. citizen or lawful permanent resident on or after January 1, 2030, receives a federally established "American Seed Account."
(b) Funding: A one-time $5,000 endowment per child, held in a Treasury-managed trust fund invested in a conservative, broad-market index portfolio.
(c) Access: At age 25, the beneficiary may access the accumulated capital (principal + returns) tax-free for one of three "Building Block" purposes:
1. Tuition at an accredited post-secondary institution.
2. Down payment on a primary residence.
3. Capital to start or invest in a small business (with an approved business plan).
(d) Administration: The Social Security Administration shall manage beneficiary identification and distribution.
Sec. 303. Climate Resilience Corps (CRC).
(a) Establishment: A national civilian service program under AmeriCorps, administered by a new Office of Resilience Service within the EPA.
(b) Scale: 200,000 full-time equivalent positions annually.
(c) Projects: Priority given to:
* Coastal & Riverine Restoration: Wetlands, oyster reefs, levee management.
* Urban Heat Mitigation: Tree planting, green roof installation.
* Wildfire Fuel Reduction: Forest thinning, controlled burns.
* Renewable Energy Deployment: Community solar, microgrids.
(d) Compensation: Members receive a living stipend of $45,000/year (adjusted regionally), health benefits, and an annual "Future Voucher" of $20,000. The voucher can be used for: federal student loan forgiveness, tuition at a public institution, or a contribution to a Roth IRA.
(a) Establishment: CMS shall create a new, self-sustaining public option plan within the Medicare program, available to all Medicare beneficiaries as an alternative to traditional Medicare or private Medicare Advantage plans.
(b) Features:
* Comprehensive medical, hospitalization, dental, vision, and hearing benefits.
* No premiums for individuals below 150% of the Federal Poverty Level (FPL).
* Uses a "Value-Based Global Budget" model, negotiating annual per-beneficiary payments with integrated hospital systems that meet quality and outcome benchmarks.
* Serves as the "Reference Pricing Benchmark" for all private Medicare Advantage plans; plans charging more than 105% of the MA+ premium for equivalent benefits face heightened regulatory review.
Sec. 402. The Caregiver Support Fund.
(a) Purpose: To provide financial and logistical support to the estimated 40 million family caregivers in the U.S.
(b) Benefits:
* Stipend: A taxable monthly stipend of $500 for caregivers providing >20 hours/week of care to a qualifying family member (elderly, disabled, chronically ill). Phased out for household incomes above $150,000.
* Respite Care Voucher: $2,000 annually to pay for professional respite care.
* Training & Certification: Free online and community college courses in gerontology, nursing basics, and palliative care, leading to a certified credential.
(a) Revenue:
* The payroll tax cap is reinstated for earnings above $400,000, creating a "donut hole" (earnings between the current cap ~$160k and $400k remain untaxed).
* Extends the payroll tax to investment income for individuals with AGI >$400,000.
(b) Sovereign Wealth Fund (SWF): The "American Legacy Fund" is created, seeded with an initial $500B transfer from wealth tax revenues over 5 years. It is independently managed by a board with a mandate to achieve a 5% real return. Annual disbursements from the SWF's returns, not principal, flow into the Social Security Trust Fund starting in 2040.
(c) Benefits: Provides a "Longevity Bonus"—a 5% permanent increase in monthly benefits for recipients who have claimed for 20 years or reached age 85.
Sec. 502. The Flexible Security Grant (FSG).
(a) Consolidation: The following programs are consolidated: TANF, SNAP, LIHEAP, WIC, and 8 smaller categorical grants. Their combined funding forms the base for the FSG.
(b) Allocation: FSG funds are block-granted to states based on a formula incorporating poverty rate, cost of living, and employment opportunities.
(c) State Flexibility: States must use funds for anti-poverty purposes but have broad discretion: they can provide cash assistance, earned income tax top-ups, childcare subsidies, or job training vouchers.
(d) Condition: Able-bodied adults without dependents must be engaged in state-approved work, training, or volunteer service for 20 hours/week to receive full benefits. States may petition for waivers in high-unemployment regions.
Sec. 503. Debt Anchor Rule.
(a) Trigger: If the Debt-to-GDP Ratio (as measured by CBO in its annual Long-Term Budget Outlook) exceeds 110% for two consecutive fiscal years, the "Fiscal Stabilization Protocol" is activated.
(b) Protocol: The President must submit, and Congress must vote on under fast-track rules, a deficit reduction package achieving at least 1.5% of GDP in savings over 5 years.
(c) Fail-Safe: If no legislation is enacted within 180 days of the trigger, an across-the-board sequester of 5% on all discretionary and non-exempt mandatory spending takes effect. Exemptions: Social Security benefits, military pay and pensions, veterans' benefits, and interest on the debt.
(d) Deactivation: The Protocol deactivates when CBO projects the Debt-to-GDP ratio will be below 105% within the 10-year window.
The Administrator of the General Services Administration (GSA), in consultation with the U.S. Digital Service, shall create a single, verified digital portal ("USA.gov/MyAccount") by December 31, 2034. This portal shall allow any citizen to:
Sec. 602. Sunset & Review.
(a) Every provision of this Act, and every tax expenditure and major program (cost >$10B/year) authorized elsewhere in law, shall expire on December 31 of the year that is 10 years after its enactment or last reauthorization.
(b) In the year prior to expiration, the relevant Congressional committees, informed by CODA performance audits and GAO evaluations, shall hold reauthorization hearings. The default is expiration; continued existence requires a new affirmative vote.
FISCAL SUMMARY TABLE - FY 2030 (Projections in $Billions)
(Reflects first-year cost for ~4.4 million births; future costs are investment returns on prior years' endowments)*
Conclusion: The American Futures Act proposes a fundamental restructuring of federal budgeting from a process of incremental allocation to one of strategic, outcome-driven investment. It explicitly ties national wealth to shared prosperity, links corporate success to public research investment, and creates automatic mechanisms for both economic stabilization and fiscal discipline. Its most profound innovations are the long-term, trust-based investments in every child (the Seed Account) and in the nation's technological frontier (the NIF), aiming to yield returns for generations.
TITLE I: BUDGET FRAMEWORK & GOVERNANCE REFORM
Chapter 1: Mission-Oriented Budgeting (MOB) Framework
Sec. 101. Establishment of National Priority Missions.For fiscal year 2030 and each subsequent year, the President's budget shall allocate discretionary and mandatory expenditures across the following seven National Priority Missions (NPMs), superseding traditional agency-line item presentations:
- NPM-1: Human Capital & Dignity (HHS, Education, Labor components)
- NPM-2: National Innovation & Competitiveness (Commerce, NSF, NIH research, DOE applied research)
- NPM-3: Climate Resilience & Sustainable Infrastructure (EPA, DOT, DOE renewables, Interior adaptation)
- NPM-4: National Security & Global Leadership (Defense, State, Intelligence, USAID)
- NPM-5: Community Health & Care Economy (CMS, CDC, SAMHSA, ACA programs)
- NPM-6: Governance & Civic Trust (Justice, Treasury, Federal Courts, Election Security)
- NPM-7: Strategic Debt Reduction & Fiscal Stability (Oversight and cross-cutting funds)
Sec. 102. Interagency Mission Pools (IMPs).
(a) Creation: For each NPM, an Interagency Mission Pool is established, comprising 15% of the total discretionary budget allocated to that Mission.
(b) Governance: Each IMP is governed by a Mission Council composed of the relevant agency heads, two private-sector Chief Innovation Officers (appointed on a rotating 2-year term), and one community representative.
(c) Allocation: IMP funds are competitively awarded to cross-agency project teams via a proposal process. Example: A project combining USDA researchers, NOAA climate modelers, and Army Corps engineers to develop salt-tolerant crops for flood-prone regions would bid for NPM-3 IMP funds.
(d) Reporting: Quarterly performance dashboards for each IMP, measuring lead indicators (e.g., patents filed, emissions reduced per dollar, poverty rate reduction) are made public on a central digital platform.
Sec. 103. Congressional Office of Dynamic Analysis (CODA).
(a) Establishment: CODA is established as a non-partisan adjunct to the Congressional Budget Office (CBO).
(b) Mandate: CODA shall produce, for all budgetary legislation with a fiscal impact exceeding $10 billion annually:
* A 25-year dynamic fiscal projection, modeling macroeconomic feedback effects (labor participation changes, GDP growth from infrastructure, behavioral responses to taxes).
* A Resilience Stress Test, simulating the policy's performance under three scenarios: Baseline, High Inflation/Stagnation, and a Climate Shock scenario.
(c) Grand Challenge Audits: CODA shall conduct biennial performance audits of all IMPs, evaluating their progress toward 5-year outcome targets.
Sec. 104. The Economic Resilience Fund (ERF) & Fiscal Triggers.
(a) Funding: 2% of total federal outlays from the prior fiscal year shall be automatically sequestered into the ERF, held at the Federal Reserve.
(b) Release Triggers: Funds may only be released upon:
* Joint Declaration: A majority vote of a special 12-member bipartisan Joint Committee of Congress (6 from each chamber).
* Automatic Trigger: The national unemployment rate increases by 1.5 percentage points or more over a rolling 6-month period, verified by the Bureau of Labor Statistics.
(c) Use of Funds: ERF releases must be spent on pre-authorized, "shovel-worthy" projects from a maintained national portfolio (e.g., broadband in underserved areas, grid modernization, bridge repairs). 60% of any release goes to direct project labor costs.
TITLE II: REVENUE MODERNIZATION
Chapter 2: Corporate & Wealth Taxation
Sec. 201. Corporate Tax Base & R&D Surcharge.(a) Base Rate: The corporate income tax rate is set at 22%.
(b) Global Minimum R&D Surcharge:
* A 10% surcharge is applied to the global profits (as reported under OECD Pillar Two rules) of any corporation with >$1 billion in annual global revenue that commercializes a product or service deriving more than 20% of its core value from U.S. government-funded basic research (as defined by tracing grants from NIH, NSF, DOE Office of Science, DARPA).
* Establishes an "Innovation Royalty Tribunal" to adjudicate value attribution disputes. Revenue is directed to the National Innovation Foundation (Title III).
Sec. 202. Net Wealth Tax on Extreme Wealth.
(a) Rates & Thresholds:
* 2% on net wealth between $100 million and $1 billion.
* 3% on net wealth above $1 billion.
(b) Valuation & Compliance:
* Creates a Federal Asset Registry for all illiquid assets (private business interests, real estate, art, etc.) held by individuals subject to the tax. Annual filing is mandatory.
* Imposes a "Deferral but Not Forgiveness" rule for illiquid assets. Tax liability accrues at a 5% annual interest rate until the asset is sold or transferred, at which point the cumulative tax plus interest is due.
* Includes a "Build America in America" clause: New equity investments in U.S.-based productive capital (manufacturing plants, R&D facilities) can be deducted from the wealth tax base for 5 years.
(c) Patriotic Philanthropy Offset:
* Donations of cash or liquid assets to a qualified "National Endowment Trust" (see Sec. 407) can offset up to 50% of the annual wealth tax liability.
* Trusts are permanently endowed, with annual disbursements directed by statute (e.g., 40% to Climate Trust, 30% to Child Poverty Alleviation Trust, 30% to Arts & Humanities Trust).
Sec. 203. Carbon Fee and Dividend.
(a) Fee: A fee on greenhouse gas emissions is levied on coal, petroleum, and natural gas at the first point of sale or entry into the U.S. The fee starts at $75 per metric ton of CO2-equivalent in 2030, increasing by 5% plus inflation annually.
(b) Administration: The Treasury Department shall collect the fee quarterly.
(c) Dividend: The Treasury shall, in the month following each quarter, disburse 85% of the net revenue from the fee as an "Energy Security Dividend" to all lawful U.S. residents with a valid Social Security number via direct deposit or debit card. The dividend is equal for all adults and half-shares for children (up to 2 per household).
(d) Transition Assistance Fund: The remaining 15% of revenue funds the "Worker and Community Transition Fund," administered by the Department of Labor and Commerce, providing grants for retraining, relocation, and business conversion in fossil-fuel-dependent regions.
Sec. 204. Digital Services Tax (DST).
(a) Scope: A 5% tax on the gross revenue derived by a covered company from:
* Sale of user data for targeted advertising.
* Revenue from targeted digital advertising services.
(b) Covered Companies: Any company with global annual revenue exceeding $1 billion and U.S. digital advertising/data brokerage revenue exceeding $50 million.
(c) Revenue Allocation: DST revenues are directed 50% to the Universal Broadband Fund (FCC) and 50% to the Digital Privacy Enforcement Division (FTC).
TITLE III: STRATEGIC INVESTMENTS
Chapter 3: The Foundation for the Future
Sec. 301. National Innovation Foundation (NIF).(a) Establishment: An independent agency within the Executive Branch, governed by a 9-member Board of Innovators appointed by the President and confirmed by the Senate for 6-year staggered terms.
(b) Funding: $50 billion in mandatory funding for FY2030, with 5-year budget authority.
(c) Mission: To accelerate the translation of scientific discovery into commercially viable and socially beneficial technologies in 5 priority areas: Advanced Biomanufacturing, Grid-Scale Energy Storage, Neuro-AI Interfaces, Regenerative Agriculture, and Pandemic Preparedness Platforms.
(d) Mechanism: Operates through "Milestone-Driven Contracts." Grants convert to equity-like stakes (0.5-2%) in any resulting commercial entity, with returns recycled into the NIF endowment.
Sec. 302. Universal Early Life Endowment (The "Seed Account").
(a) Eligibility: Every child born as a U.S. citizen or lawful permanent resident on or after January 1, 2030, receives a federally established "American Seed Account."
(b) Funding: A one-time $5,000 endowment per child, held in a Treasury-managed trust fund invested in a conservative, broad-market index portfolio.
(c) Access: At age 25, the beneficiary may access the accumulated capital (principal + returns) tax-free for one of three "Building Block" purposes:
1. Tuition at an accredited post-secondary institution.
2. Down payment on a primary residence.
3. Capital to start or invest in a small business (with an approved business plan).
(d) Administration: The Social Security Administration shall manage beneficiary identification and distribution.
Sec. 303. Climate Resilience Corps (CRC).
(a) Establishment: A national civilian service program under AmeriCorps, administered by a new Office of Resilience Service within the EPA.
(b) Scale: 200,000 full-time equivalent positions annually.
(c) Projects: Priority given to:
* Coastal & Riverine Restoration: Wetlands, oyster reefs, levee management.
* Urban Heat Mitigation: Tree planting, green roof installation.
* Wildfire Fuel Reduction: Forest thinning, controlled burns.
* Renewable Energy Deployment: Community solar, microgrids.
(d) Compensation: Members receive a living stipend of $45,000/year (adjusted regionally), health benefits, and an annual "Future Voucher" of $20,000. The voucher can be used for: federal student loan forgiveness, tuition at a public institution, or a contribution to a Roth IRA.
Chapter 4: Health & Care Economy
Sec. 401. Medicare Advantage+ (MA+).(a) Establishment: CMS shall create a new, self-sustaining public option plan within the Medicare program, available to all Medicare beneficiaries as an alternative to traditional Medicare or private Medicare Advantage plans.
(b) Features:
* Comprehensive medical, hospitalization, dental, vision, and hearing benefits.
* No premiums for individuals below 150% of the Federal Poverty Level (FPL).
* Uses a "Value-Based Global Budget" model, negotiating annual per-beneficiary payments with integrated hospital systems that meet quality and outcome benchmarks.
* Serves as the "Reference Pricing Benchmark" for all private Medicare Advantage plans; plans charging more than 105% of the MA+ premium for equivalent benefits face heightened regulatory review.
Sec. 402. The Caregiver Support Fund.
(a) Purpose: To provide financial and logistical support to the estimated 40 million family caregivers in the U.S.
(b) Benefits:
* Stipend: A taxable monthly stipend of $500 for caregivers providing >20 hours/week of care to a qualifying family member (elderly, disabled, chronically ill). Phased out for household incomes above $150,000.
* Respite Care Voucher: $2,000 annually to pay for professional respite care.
* Training & Certification: Free online and community college courses in gerontology, nursing basics, and palliative care, leading to a certified credential.
TITLE IV: MANDATORY SPENDING & FISCAL SUSTAINABILITY
Sec. 501. Social Security 2100 Plan.(a) Revenue:
* The payroll tax cap is reinstated for earnings above $400,000, creating a "donut hole" (earnings between the current cap ~$160k and $400k remain untaxed).
* Extends the payroll tax to investment income for individuals with AGI >$400,000.
(b) Sovereign Wealth Fund (SWF): The "American Legacy Fund" is created, seeded with an initial $500B transfer from wealth tax revenues over 5 years. It is independently managed by a board with a mandate to achieve a 5% real return. Annual disbursements from the SWF's returns, not principal, flow into the Social Security Trust Fund starting in 2040.
(c) Benefits: Provides a "Longevity Bonus"—a 5% permanent increase in monthly benefits for recipients who have claimed for 20 years or reached age 85.
Sec. 502. The Flexible Security Grant (FSG).
(a) Consolidation: The following programs are consolidated: TANF, SNAP, LIHEAP, WIC, and 8 smaller categorical grants. Their combined funding forms the base for the FSG.
(b) Allocation: FSG funds are block-granted to states based on a formula incorporating poverty rate, cost of living, and employment opportunities.
(c) State Flexibility: States must use funds for anti-poverty purposes but have broad discretion: they can provide cash assistance, earned income tax top-ups, childcare subsidies, or job training vouchers.
(d) Condition: Able-bodied adults without dependents must be engaged in state-approved work, training, or volunteer service for 20 hours/week to receive full benefits. States may petition for waivers in high-unemployment regions.
Sec. 503. Debt Anchor Rule.
(a) Trigger: If the Debt-to-GDP Ratio (as measured by CBO in its annual Long-Term Budget Outlook) exceeds 110% for two consecutive fiscal years, the "Fiscal Stabilization Protocol" is activated.
(b) Protocol: The President must submit, and Congress must vote on under fast-track rules, a deficit reduction package achieving at least 1.5% of GDP in savings over 5 years.
(c) Fail-Safe: If no legislation is enacted within 180 days of the trigger, an across-the-board sequester of 5% on all discretionary and non-exempt mandatory spending takes effect. Exemptions: Social Security benefits, military pay and pensions, veterans' benefits, and interest on the debt.
(d) Deactivation: The Protocol deactivates when CBO projects the Debt-to-GDP ratio will be below 105% within the 10-year window.
TITLE V: IMPLEMENTATION & SUNSET
Sec. 601. Digital Government Service Mandate.The Administrator of the General Services Administration (GSA), in consultation with the U.S. Digital Service, shall create a single, verified digital portal ("USA.gov/MyAccount") by December 31, 2034. This portal shall allow any citizen to:
- View and manage all federal benefits (Social Security, Medicare, student loans).
- File taxes in under 30 minutes for 95% of households.
- Access a complete record of their interactions with federal agencies.
Sec. 602. Sunset & Review.
(a) Every provision of this Act, and every tax expenditure and major program (cost >$10B/year) authorized elsewhere in law, shall expire on December 31 of the year that is 10 years after its enactment or last reauthorization.
(b) In the year prior to expiration, the relevant Congressional committees, informed by CODA performance audits and GAO evaluations, shall hold reauthorization hearings. The default is expiration; continued existence requires a new affirmative vote.
FISCAL SUMMARY TABLE - FY 2030 (Projections in $Billions)
| Category | Revenue | Outlays | Deficit/Surplus |
|---|---|---|---|
| Total | $7,100 | $8,200 | -$1,100 |
| Of Which: | |||
| New Revenue Streams: | |||
| Wealth Tax (Net) | $220 | -- | |
| Carbon Fee | $180 | -- | |
| Digital Services Tax | $40 | -- | |
| R&D Surcharge | $60 | -- | |
| Major New Investments: | |||
| National Innovation Foundation | -- | $50 | |
| Climate Resilience Corps | -- | $12 | |
| Caregiver Support Fund | -- | $85 | |
| Seed Account Endowment | -- | $22* | |
| Debt Service | -- | $950 | |
| Deficit as % of GDP | 4.2% | ||
| Projected Debt-to-GDP (2035) | Peak: 118% in 2033, declining to 115% by 2035 |
Conclusion: The American Futures Act proposes a fundamental restructuring of federal budgeting from a process of incremental allocation to one of strategic, outcome-driven investment. It explicitly ties national wealth to shared prosperity, links corporate success to public research investment, and creates automatic mechanisms for both economic stabilization and fiscal discipline. Its most profound innovations are the long-term, trust-based investments in every child (the Seed Account) and in the nation's technological frontier (the NIF), aiming to yield returns for generations.
