American Stability Act

This bill raises the federal minimum wage to $15 per hour initially, with future increases tied to a "stability wage" calculated using average hourly earnings and cost-of-living adjustments (CPI). It modifies income tax brackets so that tax rates apply to income levels adjusted based on this stability wage calculation. The bill eliminates special minimum wage certificates for workers with disabilities and changes how earned income is counted for means-tested benefits. These changes would affect most workers, taxpayers across income levels, and individuals receiving government benefits based on income. The bill's provisions would take effect three months after enactment.