Taxpayer Receipt: Simple Federal Budget Transparency with Tax Filing.
This bill mandates that the Treasury Secretary provide every individual filing a federal income tax return with a simple, one-page document detailing the federal budget. Citizens will receive clear data on total government spending, revenues, the deficit or surplus, and the national debt. This aims to increase public awareness of how tax dollars are utilized and the overall fiscal health of the nation.
Key points
Every taxpayer will receive a one-page 'receipt' detailing the federal budget for the most recently completed fiscal year.
The document must include total federal outlays, revenues, the deficit/surplus, and the total public debt.
This information will be provided annually alongside the income tax return.
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