| 1 | 1 | | I |
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| 2 | 2 | | 118THCONGRESS |
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| 3 | 3 | | 1 |
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| 4 | 4 | | STSESSION H. R. 438 |
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| 5 | 5 | | To amend section 1105(a) of title 31, United States Code, to require that |
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| 6 | 6 | | annual budget submissions of the President to Congress provide an |
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| 7 | 7 | | estimate of the cost per taxpayer of the deficit and of the public debt. |
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| 8 | 8 | | IN THE HOUSE OF REPRESENTATIVES |
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| 9 | 9 | | JANUARY20, 2023 |
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| 10 | 10 | | Mr. S |
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| 11 | 11 | | TEWART(for himself, Mr. CASE, and Mr. CRENSHAW) introduced the |
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| 12 | 12 | | following bill; which was referred to the Committee on the Budget |
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| 13 | 13 | | A BILL |
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| 14 | 14 | | To amend section 1105(a) of title 31, United States Code, |
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| 15 | 15 | | to require that annual budget submissions of the Presi- |
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| 16 | 16 | | dent to Congress provide an estimate of the cost per |
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| 17 | 17 | | taxpayer of the deficit and of the public debt. |
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| 18 | 18 | | Be it enacted by the Senate and House of Representa-1 |
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| 19 | 19 | | tives of the United States of America in Congress assembled, 2 |
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| 20 | 20 | | SECTION 1. SHORT TITLE. 3 |
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| 21 | 21 | | This Act may be cited as the ‘‘True Cost Act’’. 4 |
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| 22 | 22 | | VerDate Sep 11 2014 01:11 Feb 01, 2023 Jkt 039200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H438.IH H438 |
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| 23 | 23 | | pbinns on DSKJLVW7X2PROD with $$_JOB 2 |
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| 24 | 24 | | •HR 438 IH |
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| 25 | 25 | | SEC. 2. REQUIREMENT IN BUDGET SUBMISSION WITH RE-1 |
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| 26 | 26 | | SPECT TO THE COST PER TAXPAYER OF THE 2 |
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| 27 | 27 | | DEFICIT. 3 |
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| 28 | 28 | | Section 1105(a) of title 31, United States Code, is 4 |
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| 29 | 29 | | amended by adding at the end the following: 5 |
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| 30 | 30 | | ‘‘(40)(A) in the case of a fiscal year in which 6 |
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| 31 | 31 | | the budget is projected to result in a deficit, an esti-7 |
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| 32 | 32 | | mate of the pro rata cost of such deficit for tax-8 |
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| 33 | 33 | | payers who will file individual income tax returns for 9 |
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| 34 | 34 | | taxable years ending during such fiscal year; and 10 |
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| 35 | 35 | | ‘‘(B) in the case of any fiscal year, an estimate 11 |
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| 36 | 36 | | of the pro rata cost of the public debt for taxpayers 12 |
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| 37 | 37 | | who will file individual income tax returns for tax-13 |
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| 38 | 38 | | able years ending during such fiscal year.’’. 14 |
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| 39 | 39 | | Æ |
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| 40 | 40 | | VerDate Sep 11 2014 01:11 Feb 01, 2023 Jkt 039200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H438.IH H438 |
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| 41 | 41 | | pbinns on DSKJLVW7X2PROD with $$_JOB |
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