A bill to require the Secretary of the Treasury to provide an individual income tax return forms information on Federal revenues and expenditures for the two fiscal years preceding the year for which the return is filed.
Truth in Taxation Act - Requires the Secretary of the Treasury to include the following information on individual income tax returns: (1) the total U.S. tax revenues received for the two most recent fiscal years; (2) the total revenues received for each such year; (3) the total outlays of agencies of the Federal Government; (4) the public debt at the close of each such fiscal year; and (5) the interest paid during each such fiscal year on outstanding obligations of the public debt.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
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