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Budget Transparency: Deficit and Debt Cost Per Taxpayer

This proposed bill aims to increase transparency in public finances. If passed, the President's annual budget submissions will include estimated costs of the deficit and public debt, calculated per taxpayer. This will help citizens better understand how budget decisions impact their personal finances.
Key points
The government will be required to show the cost of the budget deficit per taxpayer.
The government will be required to show the cost of the public debt per taxpayer.
This information will be part of annual budget reports, increasing financial awareness for citizens.
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Expired
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Additional Information
Print number: 117_HR_2065
Sponsor: Rep. Stewart, Chris [R-UT-2]
Process start date: 2021-03-18
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

To amend section 1105(a) of title 31, United States Code, to require that annual budget submissions of the President to Congress provide an estimate of the cost per taxpayer of the deficit and of the public debt.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_2065.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-03-18.

What are the main provisions?

Key points include:

  • The government will be required to show the cost of the budget deficit per taxpayer.
  • The government will be required to show the cost of the public debt per taxpayer.
  • This information will be part of annual budget reports, increasing financial awareness for citizens.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Stewart, Chris [R-UT-2].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on the Budget.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Economy Taxes Public Investments