HR 2992 · 100th Congress · Taxation

Taxpayers' Right to Know Act

Introduced 1987-07-22· Sponsored by Rep. Wolpe, Howard E. [D-MI-3]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1987-07-22)

Plain Language Summary

[AI summary unavailable — showing source text] Taxpayers' Right to Know Act - Amends the Internal Revenue Code to require the Secretary of the Treasury to include on the first page of instruction booklets for filing individual income tax returns a pie-shaped graph depicting the relative sizes of the following categories of Federal outlay for the immediately preceding fiscal year: (1) defense, veterans, and foreign affairs; (2) Social Security, medicare, and other retirement; (3) physical, human, and community development; (4) social programs; (5) law enforcement and general government; and (6) interest on the debt. Requires a corresponding pie-shaped graph illustrating income from: (1) Social Security, medicare, unemployment, and other retirement taxes; (2) personal income taxes; (3) corporate income taxes; (4) borrowing to cover the deficit; and (5) excise, customs, estate, gift, and miscellaneous taxes. Requires specified footnotes to the graph depicting major outlay categories.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (20)

20 Democrats