Jay Bowman unveils 0/100 Rate tax plan

Jay Bowman on June 11, 2026 proposed a sweeping rewrite of the federal tax code that would exempt the first $100,000 of income or business net profit and set a 20% rate above that level. The plan says it could eliminate federal income tax for 65% to 70% of households while shifting corporate tax treatment toward domestic investment.

Why it matters: - The proposal would remove federal income tax from the first $100,000 of individual income or business net profit. - Bowman says the change would eliminate federal income tax liability for 65% to 70% of American households. - The plan aims to simplify the tax code and reshape corporate incentives around U.S. manufacturing.

What happened: - Jay Bowman unveiled the “0/100 Rate” Tax Plan on June 11, 2026, in Lexington, Kentucky. - The blueprint replaces the federal tax code with a two-tier framework. - The first $100,000 of an individual’s income or a business’s net profit would be 100% tax-exempt. - A 20% flat rate would apply only to income above that threshold.

The details: - The plan says a single worker earning $100,000 would owe $0 in federal income tax on that income. - Bowman says the framework would wipe out federal income tax liabilities for 65% to 70% of households. - The proposal would also close corporate loopholes that the plan says let large firms evade liabilities. - Multinational companies would have a choice: invest in domestic facilities and pay a 20% standard rate, or keep overseas supply chains and face a 25% non-compliance market-access rate. - The whitepaper also covers offshore corporate cash repatriation, short-term Wall Street speculation curbs and market-access options for American factories. - Bowman says the full whitepaper includes fiscal impact matrices, economic modeling and policy comparisons and is available upon request.

Between the lines: - The proposal pairs tax cuts for households with tougher rules for corporations, signaling a populist pitch aimed at workers and domestic producers. - The plan’s deficit-neutral claim depends on spending cuts, a federal spending freeze and the removal of special-interest loopholes. - The automatic rate drop to 15% over three years is tied to maintaining a balanced ledger, while deficits would trigger universal government austerity.

What’s next: - Bowman says the framework would lock in legislative accountability through budget triggers and automatic tax-rate changes. - The campaign is pointing interested readers to the full whitepaper for more detail. - More information is available through Bowman’s website.