Illinois legislators introduced the bipartisan Taxpayer Receipt Act on Wednesday, which would provide all taxpayers with itemized receipts detailing where taxpayers' dollars will be spent, as well as how much money the federal government is borrowing in their name.
The bill would require a written receipt for those filing paper tax returns and an electronic receipt for those who file electronically. The receipt would display a full breakdown of each individual's actual contributions to Social Security, defense spending, Medicare and other destinations; the total amount of federal debt at that time and an indication of how much money the federal government has borrowed per citizen. Continue…
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