This bill requires the President's annual budget submission to Congress to include estimates of the cost per individual taxpayer for (1) the public debt, and (2) any projected budget deficit for the fiscal year.
To amend section 1105(a) of title 31, United States Code, to require 
that annual budget submissions of the President to Congress provide an 
  estimate of the cost per taxpayer of the deficit and of the public 
                                 debt.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. REQUIREMENT IN BUDGET SUBMISSION WITH RESPECT TO THE COST 
              PER TAXPAYER OF THE DEFICIT.

    Section 1105(a) of title 31, United States Code, is amended by 
adding at the end the following:
            ``(40)(A) in the case of a fiscal year in which the budget 
        is projected to result in a deficit, an estimate of the pro 
        rata cost of such deficit for taxpayers who will file 
        individual income tax returns for taxable years ending during 
        such fiscal year; and
            ``(B) in the case of any fiscal year, an estimate of the 
        pro rata cost of the public debt for taxpayers who will file 
        individual income tax returns for taxable years ending during 
        such fiscal year.''.
                                 <all>
To amend section 1105(a) of title 31, United States Code, to require that annual budget submissions of the President to Congress provide an estimate of the cost per taxpayer of the deficit and of the public debt.
To amend section 1105(a) of title 31, United States Code, to require that annual budget submissions of the President to Congress provide an estimate of the cost per taxpayer of the deficit and of the public debt.
Official Titles - House of Representatives
Official Title as Introduced
To amend section 1105(a) of title 31, United States Code, to require that annual budget submissions of the President to Congress provide an estimate of the cost per taxpayer of the deficit and of the public debt.
Rep. Stewart, Chris