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National Debt Transparency: Taxpayers to See Debt Share on W-2 Forms.

This law mandates greater transparency regarding the national debt by requiring the government to estimate the proportional share of the debt for every taxpayer. Crucially, citizens will find this debt estimate, along with total federal revenue and deficit, printed directly on their annual W-2 tax forms. This change aims to inform the public about federal finances without creating new tax liabilities.
Key points
Your annual W-2 tax form will include a new section detailing the total federal debt and the estimated proportional amount attributed to each taxpayer.
The information provided is strictly for educational purposes and does not represent any amount the individual taxpayer owes.
The President's budget proposal and the Congressional budget resolution must now include estimates of the debt per taxpayer for current and future fiscal years.
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Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_8372
Sponsor: Rep. Arrington, Jodey C. [R-TX-19]
Process start date: 2024-05-14
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Debt Per Taxpayer Information Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_8372.

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 2024-05-14.

What are the main provisions?

Key points include:

  • Your annual W-2 tax form will include a new section detailing the total federal debt and the estimated proportional amount attributed to each taxpayer.
  • The information provided is strictly for educational purposes and does not represent any amount the individual taxpayer owes.
  • The President's budget proposal and the Congressional budget resolution must now include estimates of the debt per taxpayer for current and future fiscal years.
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. Arrington, Jodey C. [R-TX-19].

What is the latest detailed status?

The latest detailed status is: Ordered to be Reported (Amended) by the Yeas and Nays: 21 - 4.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Economy Taxes