The proposal is built around one core rule:

Tax it once, where the cash actually settles.

That means:

• not taxing the same dollar multiple times

• not taxing notional values

• not taxing order flow or upstream trading activity

• taxing actual cash settlement

 

This is what makes the proposal more disciplined than broad transaction-tax models. It is designed around measurable settlement events, not vague financial activity.

The point of the plan is not simply to create a new tax. It is to change where the country raises money from.

 

Tax relief under the current framework includes

• cutting payroll taxes in half for workers and employers

• cutting federal income taxes by more than $1 trillion per year

• directing the largest percentage income-tax cuts to households under $400,000

• cutting the federal corporate income tax by 25%

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Working income-tax structure

• about 65% reduction below $400,000

• about 25% reduction above $400,000

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Why that matters

• workers keep more of every paycheck

• employers pay less tax to hire and support workers

• small businesses gain room to hire, invest, and grow

• self-employed Americans get direct relief from high work-based taxes

• many operating businesses get more room to invest, expand, and compete as the system shifts away from overtaxing work

Payroll-tax relief does not come at the expense of earned-benefit programs.

 

Under the current framework

• workers and employers continue paying reduced payroll taxes

• lost payroll-tax revenue is fully backfilled for both Social Security and Medicare

• each program then receives an additional 25% reinforcement deposit.

 

That means the plan is designed not just to protect these programs, but to strengthen them.

A central purpose of the plan is to direct major revenue toward federal debt reduction.

 

That matters because debt is not just a long-term abstract problem. It is already expensive now.

Every year the country spends well over $1 trillion on interest on the debt money that could otherwise support stronger priorities, broader prosperity, and greater national resilience.

 

Unburden America treats debt reduction as a central feature of the plan, not as an afterthought.

A reform of this scale should be phased in rather than dropped into the economy all at once.

One illustrative implementation path begins with a 0.10% settlement tax, rises gradually over time to 0.30%, targets debt retirement in about 8 years, and introduces major tax relief in stages rather than all at once.

 

A phased approach allows:

• the settlement toll to begin at a lower rate

• tax relief to be introduced in stages

• debt reduction to begin early and grow over time

• market effects and real-world performance to be reviewed as the plan develops

 

This makes the proposal more practical, more transparent, and easier to evaluate.

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A stabilization reserve can help smooth receipts, protect core commitments during downturns, and make the transition more resilient. A temporary independent oversight body could also help monitor implementation, liquidity, and phase-in adjustments as the system is introduced.

After tax relief, program protection, and debt reduction, the country may choose to use additional revenues for broader public priorities.

 

Possible long-term uses could include:

• childcare support

• higher education support

• health-care expansion

• an eventual national wealth dividend

 

These are possible future policy choices, not reasons to reject this broader system upgrade. The first priorities of the plan are tax relief, core program protection, and debt reduction.