State-by-State Federal Tax and Spending Transparency Act
This act aims to increase transparency regarding how much each state contributes to the federal budget through taxes and how much it receives back in federal spending. This will allow citizens to better understand their state's participation in funding and benefiting from federal resources, potentially influencing informed political and social decisions.
Key points
The government will calculate how much federal tax each state pays, considering individual residency and business economic activity.
The government will also calculate how much federal money (e.g., contract awards) each state receives.
These calculations will be publicly published, providing easy access to information on financial flows between states and the federal government.
Status:
Expired
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