This bill aims to provide clear information on how federal taxes and spending impact each state. It helps people understand the financial relationship between their state and the federal government.
If you live in a state, you will learn how much federal tax you pay and how much federal money your state gets.
Who this affects
Residents · Businesses · Each state
What changes is this bill making?
1This bill requires the government to calculate federal taxes paid by each state annually.
2It also calculates the total federal money each state receives each year.
3The report will show how much federal tax burden and spending affects each state.
4The findings will be published on a public website for everyone to access.
5Congress will receive a report every year detailing these calculations.
