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Taxpayer Receipt Act: Federal Budget Transparency for Citizens

This act aims to increase transparency in public finances. It requires that every taxpayer filing a federal income tax return receives a simple document detailing government spending, revenues collected, the budget deficit or surplus, and the total public debt. This will help citizens understand how their money is being used.
Key points
You will receive an annual receipt with federal financial information alongside your tax return.
The receipt will show total government outlays, revenues collected, deficit/surplus, and public debt.
The goal is to make it easier for citizens to track how their tax dollars are spent.
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Additional Information
Print number: 117_S_1706
Sponsor: Sen. Braun, Mike [R-IN]
Process start date: 2021-05-19