The Third Way helps solve issues around illegal immigration, U.S. infrastructure and unemployment in a contentious political arena.
The Third Way is a turnkey model for immigration reform based on reforming our immigrant taxes. It’s possible to improve our existing dysfunctional and costly prevailing tax policies, eliminate billions in tax fraud annually, and generate over $176 billion in new revenue over a 10- year period.
An arbitrary amount of $100 billion is allocated to fund social and cultural issues affected by illegal immigration. The balance of $76 billion is also allocated to states toward fixing our infrastructure. Twenty percent of the total new revenue would generate 600,000 new jobs for America.
Good tax planners revere elegant taxes that are easily understood. Good examples are a gasoline tax to repair our roads and bridges; or taxing or issuing bonds for island homeowners to build a bridge across the water to reach schools and the mainland.
We have a historical opportunity to create an elegant immigrant tax where both homeowner/ employer and worker share a modest 10 percent (5 percent each) public service tax. They are the ones who benefit the most, yet all of us are burdened by their costs.
The resulting billions in new revenue will not go into the general fund or employee retirement accounts but will be allocated to states, through the IRS, to help solve three major concerns: immigration, infrastructure, and job needs.
Former IRS Special Agents, Budget Analysts and a Rand economist designed much of the ITIG model with enforcement in mind, and the intent of mitigating many of the negative issues surrounding illegal immigration.