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Public Statements

Check the Debt

By:
Date:
Location: Washington, DC

Mr. WILSON of Ohio. Mr. Speaker, I share the concerns many Americans have about our country's financial future. I often hear from Ohioans who are worried about the financial burden we are leaving for the next generation. They want to know if there's anything they can do to help. That is why yesterday I introduced the Check the Debt Act.

This bill would add a ``check the debt'' box to our annual tax forms. This would allow individuals to contribute $3 to help pay down the national debt, without adding to their tax bill. This option would be similar to the public financing of campaigns check, where a check the box is already available on tax forms. Nearly 33 million people each year respond to public campaign financing without adding to their tax bill. This raises nearly $100 million annually for campaign financing.

That kind of money is a step in the right direction. It will enable and encourage Americans to lend a hand in paying down our debt. The $13 trillion debt our country has built up over the last several decades will not go away overnight, but we must start somewhere.


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