I believe that you exaggerating the problems with Obamacare based on your political agenda. Obamacare was not the best, and the PR was terrible, but nonetheless the Democrats admitted it needed revision, but the Republicans stonewalled at bypartison revision and failed to offer any reasonable alternative, except to propose further limits on the availability of healthcare to the public except the rich, and to boot voted to trash Social Security, and failed to propose to tax the wealthy on Social Security.
If Obamacare is so terrible, please describe what you propose to provide a uniform healthcare system for the poor and low income Americans?
In the year 2026, universal basic income and universal health insurance ( U.B.I.U.H.I.) could be affordably done with federal spending of ca. $2.3 trillion towards Universal Basic Income, ( $800 monthly U.B.I for every individual adult American citizen ), many targeted social welfare programs would be eliminated and replaced with U.B.I. ) Universal Medicare with some insured cost sharing, ( Universal Medicare w/combined $5,000 Part A and B deductible and 20 percent Part B insured co-insurance ) would cost taxpayers ca. $2.3 trillion
The estimated costs of additional federal spending would be ca. $1.4 trillion for Social Security, ( no change from status-quo on S.S. retirement benefits ), $1.05 trillion towards the military and veteran services or veteran benefits, $550 billion on debt interest payments, an estimated $35 billion spending on the U.S. Department of Agriculture, ( ca. $14 billion ) for the Department of Commerce, ( ca. $14 billion ) for the Center for Disease Control and Prevention, ( ca. $32 billion) for the Department of Energy, ( ca. $15 billion) for the Department of Interior annual spending, ( ca. 58 billion) for the Department of Homeland Security, (ca. $32 billion) for the Department of Justice, ( ca. $10 billion ) for the Department of Labor, ( ca. $24 billion ) for the State Department, ( ca. $121 billion) for the Department of Transportation, ( ca. $23 billion ) for the Department of Treasury, ( ca. $7 billion ) for the Environmental Protection Agency, ( ca. $7 billion ) for the Food and Drug Administration, and ( ca. $28 billion) for N.A.S.A. In 2026, the above proposed federal spending would result in total federal annual spending to be ca. $8.05 trillion.
In terms of federal taxes, ( U.B.I.U.H.I.) could be mostly funded with a simplified income tax system, just a few income tax brackets beginning in year 2026, zero percent on initial $14k of personal individual annual income, 12 percent on $14,001 to $64k of personal individual annual income, 32 percent on individual personal annual earnings in excess of $64k. Capital gains taxed at same rate as ordinary income. No tax credits, save for refundable $2k child tax credit. In 2026, this would result in total personal federal income taxes amounting to an estimated $3.0 trillion.
U.B.I.U.H.I. could also be funded in part with an increase in the corporate income tax rate from 21 percent to 29 percent. In 2026, this would result in corporations paying U.S. corporate income taxes of ca. $550 billion
Social security could be fully funded by a doubling of the cap on social security taxes, so that all workers and employers would contribute 6.2 percent of social security taxes on every dollar of their earnings up to 350k of each individual wage earner's income . In 2026, this would mean Americans would pay ca. $1.85 trillion in payroll taxes.
Beginning in 2026, a 10 percent federal Value Added Tax could be used to fund U.S. military spending along with veteran services and benefits. A ten percent Value Added Tax would result in ca. $1.2 trillion of federal taxation on America's total annual personal consumption.
Excise taxes on fuel, tobacco, cannabis, alcohol, air travel, Amtrak, national park and museum admission fees would collectively add up to ca. $300 billion in 2026. Excise taxes could be used to fund spending on the U.S. Department of Agriculture ( ca. $35 billion ), Department of Commerce ( ca. $14 billion ) , Center for Disease Control and Prevention ( ca. $13 billion ), Department of Energy ( ca. $32 billion ), the Environmental Protection Agency ( ca. $7 billion ), Department of Interior annual spending ( ca. $15 billion), Department of Homeland Security ( ca. $58 billion), Department of Justice ( ca. $32 billion ), Department of Labor ( ca. $10 billion ), the State Department ( ca. $24 billion ), Department of Transportation ( ca. $121 billion ), and Department of Treasury ( ca. $23 billion ).
Other federal taxes, besides income taxes, V.A.T. and excise taxes, in 2026, like Medicare D premiums, estate taxes, financial transaction taxes ( remittance taxes and stock/bond trade taxes), and tariffs would generate ca. an additional $450 billion.
All the above proposed taxes for 2026, would add up to ca. $7.35 trillion.
The above proposed federal spending of $8.05 trillion and $7.35 trillion of federal taxes would result in an annual federal deficit of ca. $700 billion in 2026.
A universal $800 monthly universal basic income along with universal Medicare health insurance coverage could be funded with income taxes, medicare payroll taxes, and Medicare D premiums. financial transaction taxes ( remittance taxes and stock/bond trade taxes), and tariffs
Social security could be fully funded with social security payroll taxes.
National defense spending ( ca. $810 billion/year spending on U.S. Department of Defense , Veterans services and benefits ( ca. $250 billion/year ) , homeland security ( ca. $58 billion/year) , Department of Energy( ca $35 billion) and N.A.S.A. ( ca. $28 billion/year ) could be entirely funded with a 10 percent value added tax.
Annualized spending for the U.S. Department of Agriculture ( ca. $35 billion ) Department of Commerce ( ca. $14 billion ) , , Center for Disease Control and Prevention ( ca. $13 billion/ ), Environmental Protection Services ( ca. $7 billion ), Food and Drug administration ( ca. $7 billion), Department of Interior annual spending ( ca. $15 billion), Department of Justice ( ca. $32 billion ), Department of Labor ( ca. $10 billion ), Department of State ( ca. $24 billion ), Department of Transportation ( ca. $121 billion ), and Department of Treasury ( ca. $23 billion ) could then be funded with federal excise taxes and estate taxes.