The Leviticus 25 Plan is unquestionably the most powerful economic acceleration plan in America.
The Leviticus 25 Plan would generate a conservative $8.56 trillion in total ‘recapture benefits’ over its opening 5-year run (2017-2021). It would generate enormous amounts of additional tax revenue from the powerful economic growth dynamics flowing naturally out of the massive household debt reduction and restored financial stability for American families and small businesses across America.
The scoring model assumes that at least 80% of U.S. citizens will participate in The Plan.
The Leviticus 25 Plan’s recapture provision regarding income tax refunds (where participating families agree to give up their tax refunds for a period of five years) will provide for a massive revenue recapture. The IRS reported issuing 111,069,000 refunds, totaling $317.615 billion for 2016 (through December 30, 2016).
Income tax refund recapture:
$317.615 billion X 80% participation = $254.1 billion / year for five years for a total of $1.270 trillion.
A proportional amount of this revenue would be transferred back to the Federal Reserve each year to reduce the $18.0 trillion balance sheet expansion of the Fed-based Citizen’s Credit Facility.
Aside from the ‘recapture revenues,’ the debt reduction benefits would lead to the elimination of major sums of mortgage / HELOC interest-expense deductions and with significant health care deductions, which would generate considerable new federal and state tax revenue.
Revitalized economic growth would result in more Americans working, paying taxes and social security and Medicare and Medicaid payroll taxes.
A. Means-tested welfare programs – assumes 80% participation by participants.
Total “means-tested welfare spending” (federal, state) reached the $927 billion level in 2011. This is projected to reach the $1.6 trillion level in the year 2022.
Cost savings over the course of a 5-year ‘recapture period (federal and state spending): Average Means-Tested Welfare spending of $1.1 trillion/year X 80% X 5 years = $4.4 trillion
Note: Medicaid cost savings is a factor of $5,000 deductible and a significant reduction in Medicaid-eligible families as more Americans become fully employed and covered under other more beneficial plans. Medicaid hit a record of 72,600,000 people enrolled for at least one month in 2012. CBO analysis projects that Medicaid “average monthly enrollment is expected to increase from 58 million in 2013 to 73 million in 2024.”
The cost savings under The Leviticus 25 Plan would be substantial.
B. Medicare savings – assumes 80% participation from Medicare recipients. There were approximately 55.8 million enrolled Medicare beneficiaries in 2015, and that number is projected to grow to 64.3 million by 2020. Enrollment is projected to further expand to 73.5 million by 2025 and to 81.5 million by 2030. The Plan’s recapture provision incorporates a $5,000 deductible per participant per year for Medicare eligible expenses, projecting an average annual enrollment over the next five years (2017-2021) of 61.7 million people.
Cost savings over the course of the 5-year ‘recapture’ period: 61.7 million Medicare recipients (projected average/year for the next 5 years) X 80% X 5 years X $5,000 deductible = $1.234 trillion.
Note: The Plan also assumes that with individual Americans managing the first $5,000 of their Medicare eligible expenses, fraud, overcharges/billing errors would be reduced.
C. Federal Employees Health Benefits Program (FEHB) – assumes 80% participation.
This health care program for civilian government employees (including Congress) and their dependents covers approximately 8.2 million insured at any given time. $5,000 deductible for FEHB eligible expenses that would be a direct cost to the government.
Cost savings over 5-year recapture period: 8.2 million X 80% X $5,000 X 5 years = $164.0 billion
D. VA Healthcare savings – assumes 80% participation from VA Priority Group members.
$5,000 deductible for VA eligible expenses that would otherwise be a direct cost to the VA.
Veteran’s participation noted in Priority Groups (2015):
1, 2, 3, 4, 5, 6, 7A, 7C, 8A, 8B, 8C, 8D, 8E, 8G = 8,442,380 enrollees (assumes no growth)
Cost savings over 5-year ‘recapture’ period: 8,442,380 X 80% X $5,000 X 5 years = $168.85 billion
E. TRICARE – healthcare program for service members, retirees and dependents
Cost savings over projected 5-year ‘recapture’ period: 9.4 million recipients X 80% X $5,000 X 5 years = $188.0 billion
F. Supplemental Security Disability Income (SSDI) – participants would forego SSDI benefits during 5-year period.
The Plan assumes 80% participation of the approximate 14.083 million disabled beneficiaries and non-disabled dependents who received total payments of $197.218 billion during 2016.
Cost savings over 5-year recapture period: $197.218 billion X 80% X 5 years = $788.873 billion
G. Supplemental Security Income (SSI) – participants are ‘off’ SSI. The Plan assumes 80% participation of the current 8,335,457 recipients receiving $54.693 billion (2014).
Cost savings over 5 years: $54.693 billion X 80% X 5 years = $218.8 billion
H. Unemployment benefits – assumes 80% participation of the 6.5 million recipients receiving $32 billion in payouts per year
Liabilities: 31 states have $41 billion in loans outstanding to cover unemployment
insurance payouts – a figure that is expected to rise further through 2015.
Cost savings over the 5-year ‘recapture’ period: $32 billion X 80% X 5 years = $128 billion
I. Stimulus bill – Additional stimulus bills would not be needed.
J. Corporate welfare – current $250-$300 billion / year.
Cutting 125 programs (Cato) would save taxpayers $85 billion per year.
Cost savings over 5 years: $85 billion/year X 5 years = $425 billion
Total from Recapture Provisions:
The Leviticus 25 Plan total recapture benefits over the first five years of the program (Income tax refund recapture plus A thru J above): $8.56 trillion, for an average of $1.72 trillion per year.
The Leviticus 25 Plan – primary scoring assumptions
The Plan assumes an 80% participation rate by U.S. citizens.
Wealthier Americans would likely not participate, due to the size of their refunds. Certain individuals in the lower socioeconomic sector would not participate, due to high benefits profiles that they would not want to give up.
The Plan assumes that participating families would use significant funds to pay down / eliminate debt and that the ongoing benefits of this debt reduction would flow to families and to federal, state, and local government entities (as tax revenue) for several decades beyond the event.
The Plan assumes that dynamic new efficiencies would emerge in the healthcare system – with more families managing/directing healthcare expenditures through their MSAs.
The Plan assumes that apart from the recapture provisions, there would be significant new general tax revenues growth for federal, state and local government entities. This would develop from free-market economic revitalization, more people working and paying taxes, and from the elimination of various income tax deductions (e.g. mortgage / HELOC interest expense).
The Plan assumes that there would not be a massive full-scale move back into the means-tested welfare programs, income security programs, SSDI, unemployment insurance at the end of the initial 5-year recapture period.
The benefits of a free market economy and newfound economic liberty for American families would provide positive economic inertia throughout years 5-10, and for many years beyond.
Recapture provisions would provide an estimated $8.56 trillion return over the initial 5-year period. Economic growth over the following 10 years would generate significant additional tax revenues for both federal and state governments.
Significant inertia from The Plan would also provide on-going, market-based growth benefits over succeeding years that far exceed any prospect for healthy economic growth that may be expected under America’s current big-government, central-planning approach.
These additional benefits would be generated from:
Massive liquidity gains and debt reduction at the family level.
Immediate, sweeping reversal of government “central planning” approach.
Major reversal in work disincentives embedded in social welfare program structures.
Economic growth, improved productivity and job creation.
Stabilization of housing market.
Strengthening bank capitalization.
Minimizing the role of government in managing, directing, and controlling the affairs of citizens.
“He who will not apply new remedies must expect new evils.” – Sir Francis Bacon
The Leviticus 25 Plan is a dynamic economic initiative providing direct liquidity benefits for American families, while at the same time scaling back the role of government in managing and controlling the affairs of citizens. It is a comprehensive plan with long-term economic and social benefits for citizens and government.
The inspiration for this plan is based upon Biblical principles set forth in the Book of Leviticus, principles tendering direct economic liberties to the people.
The most powerful economic acceleration plan in America:
The Leviticus 25 Plan 2018 – $75,000 per U.S. citizen
The Leviticus 25 Plan 2018 (2001)