I 
114TH CONGRESS 
2D SESSION 
H. R. 6050 
To provide debt and tax transparency to taxpayers. 
IN THE HOUSE OF REPRESENTATIVES 
SEPTEMBER 15, 2016 
Mr. HUIZENGA of Michigan introduced the following bill; which was referred 
to the Committee on Ways and Means 
A BILL 
To provide debt and tax transparency to taxpayers. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘National Debt and 
Taxation Transparency Act of 2016’’. 
SEC. 2. FINDINGS AND PURPOSES. 
(a) FINDINGS.—Congress makes the following find-
ings: 
(1) United States taxpayers work on average al-
most 3 months of every year to pay for the oper-
ations of the Federal Government. 
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(2) United States taxpayers spent on average 
21 percent of their total income on Federal taxes in 
2015. 
(3) In 2015, United States taxpayers spent 
more on taxes than on food, clothing, and housing 
combined. 
(4) The Federal Government spent the equiva-
lent of more than $29,800 per United States house-
hold in 2015, adding nearly $4,200 per household to 
the Federal deficit. 
(5) Each household’s share of the national debt, 
as of January 2016, exceeds $152,000. 
(6) Publicly held debt is 74 percent of the gross 
domestic product, a level not seen since World War 
II. 
(7) Mandatory spending is growing at a faster 
rate than the economy. 
(8) Federal deficits are projected to exceed $1 
trillion by 2022. 
(b) PURPOSES.—The purposes of this Act are— 
(1) to bring more transparency to the tax-and- 
spend habit of the Federal Government; 
(2) to provide for better accountability in the 
Federal budget and appropriations process; and 
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(3) to increase the participation of United 
States citizens in their government. 
SEC. 3. A TAXPAYER FINANCIAL STATEMENT TO TAX-
PAYERS. 
(a) STATEMENTS INITIALLY PROVIDED UPON RE-
QUEST.—During the period beginning on October 1, 2017, 
and ending on the first date that information is made 
available under subsection (b), the Secretary of the Treas-
ury (or the Secretary’s delegate) shall provide to each eli-
gible individual, upon the request of such individual, a 
‘‘taxpayer account statement’’ for such individual. 
(b) INCLUSION IN INSTRUCTIONS FOR INCOME TAX 
RETURNS.—In the case of individual income tax returns 
for taxable years beginning in calendar years after 2019, 
the Secretary of the Treasury (or the Secretary’s delegate) 
shall include a taxpayer account statement containing the 
information required under subsection (c) in the instruc-
tions for such tax returns. 
(c) TAXPAYER ACCOUNT STATEMENT.—The tax-
payer account statement referred to in this section shall 
include— 
(1) a summary of the most recent Financial Re-
port of the United States Government, including the 
Statement of Long Term Fiscal Projections; 
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(2) a calculation by the Secretary of the Treas-
ury of the eligible individual’s share of the total obli-
gations of the Federal Government, including those 
incurred in Medicare, Social Security, other civilian 
and military retirement benefit programs, publicly 
held debt, and any other liabilities and expenses, as 
reported by the most recent Financial Report of the 
United States Government; and 
(3) a 30-year calculation of the proportional in-
crease in the Federal income tax rates, as estab-
lished under chapter 1 of subtitle A of the Internal 
Revenue Code of 1986, necessary to entirely finance 
the current fiscal path of the Federal Government, 
assuming no changes in current fiscal policy and as-
suming no budget deficit. 
(d) ADDITIONAL CALCULATION.—Not later than 5 
years after the date of the enactment of this Act, the Sec-
retary shall also provide an estimate of the marginal tax 
rate and the income and payroll tax liability of the indi-
vidual under the assumptions stated under subsection 
(c)(3). 
(e) ELIGIBLE INDIVIDUAL.—For purposes of this 
section, the term ‘‘eligible individual’’ means an individual 
who— 
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(1) has a valid social security number issued by 
the Social Security Administration; 
(2) received a Form W–2 in the previous tax-
able year; and 
(3) has filed a return of tax in any previous 
taxable year. 
(f) NOTICE.—The Secretary of the Treasury shall, to 
the maximum extent practicable, take such steps as are 
necessary to assure that eligible individuals are informed 
of the availability of the statement required under sub-
section (a). 
(g) AVAILABILITY THROUGH ELECTRONIC FILING 
SERVICES.—It is the sense of the Congress that the Sec-
retary of the Treasury (or the Secretary’s delegate) should 
partner with electronic tax filing services to make the tax-
payer account statement available when an eligible indi-
vidual elects to file their taxes online. 
Æ 
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