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Taxpayer Receipt Act
12/15/2023, 4:07 PM
Summary of Bill S 1106
Bill 118 s 1106, also known as the Taxpayer Receipt Act, is a piece of legislation introduced in the US Congress. The main purpose of this bill is to provide taxpayers with a detailed breakdown of how their tax dollars are being spent by the federal government.
Under this act, the Secretary of the Treasury would be required to provide taxpayers with an annual "taxpayer receipt" that outlines the specific programs and services funded by their tax contributions. This receipt would include information on the amount of money allocated to various government agencies and programs, as well as any tax credits or deductions that the taxpayer may have received.
The goal of the Taxpayer Receipt Act is to increase transparency and accountability in government spending, allowing taxpayers to better understand where their money is going and how it is being used. By providing this information in a clear and accessible format, the bill aims to empower taxpayers to make more informed decisions and hold their elected officials accountable for how taxpayer dollars are being spent. Overall, the Taxpayer Receipt Act seeks to promote greater transparency and accountability in government spending, ultimately aiming to strengthen the relationship between taxpayers and their government.
Under this act, the Secretary of the Treasury would be required to provide taxpayers with an annual "taxpayer receipt" that outlines the specific programs and services funded by their tax contributions. This receipt would include information on the amount of money allocated to various government agencies and programs, as well as any tax credits or deductions that the taxpayer may have received.
The goal of the Taxpayer Receipt Act is to increase transparency and accountability in government spending, allowing taxpayers to better understand where their money is going and how it is being used. By providing this information in a clear and accessible format, the bill aims to empower taxpayers to make more informed decisions and hold their elected officials accountable for how taxpayer dollars are being spent. Overall, the Taxpayer Receipt Act seeks to promote greater transparency and accountability in government spending, ultimately aiming to strengthen the relationship between taxpayers and their government.
Congressional Summary of S 1106
Taxpayer Receipt Act
This bill requires the Department of the Treasury to provide taxpayers with a one-page document that contains information regarding the federal budget for the most recently completed fiscal year. The document must include total outlays during the year, total revenues collected during the year, the deficit or surplus for the year, and the total debt held by the public.
Read the Full Bill
Current Status of Bill S 1106
Bill S 1106 is currently in the status of Bill Introduced since March 30, 2023. Bill S 1106 was introduced during Congress 118 and was introduced to the Senate on March 30, 2023. Bill S 1106's most recent activity was Read twice and referred to the Committee on Homeland Security and Governmental Affairs. as of March 30, 2023
Bipartisan Support of Bill S 1106
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
2Democrat Cosponsors
0Republican Cosponsors
2Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 1106
Primary Policy Focus
Economics and Public FinancePotential Impact Areas
- Budget deficits and national debt
- Government information and archives
- Tax administration and collection, taxpayers
Alternate Title(s) of Bill S 1106
Taxpayer Receipt Act
Taxpayer Receipt Act
A bill to require the Secretary of the Treasury to provide taxpayers with information regarding the Federal budget.
Comments
Sponsors and Cosponsors of S 1106
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