Today, the United States House of Representatives passed Congressman Luke Messer's first bill, H.R. 668. The legislation requires the annual budget submission of the President to Congress to include the cost-per-taxpayer of the deficit for each year the budget is projected to be in deficit. The bill had broad bi-partisan support with Minority Leader Nancy Pelosi and Rep. Chris Van Hollen, Ranking Member of the House Budget Committee, both voting yea.
"This bill is based on the simple principle that each hard-working American taxpayer deserves to know how much the deficit costs them every year," said Messer. "Most Americans would be shocked if they knew how much the Federal government's free-spending ways are costing them."
"I commend my colleague Luke Messer for writing and passing this common-sense bill," said House Budget Chairman Paul Ryan. "Every American deserves to know how much the President's deficits will cost them each year. And in the end, we owe them a responsible, balanced budget. Luke has shown strong leadership in putting Washington's fiscal house in order."
According to the Internal Revenue Service, there were about 145 million individual income tax returns filed in the most recent year for which data is available. That means the one-trillion dollar shortfall in the President's last budget cost each about $6,896. The total tab for the past four years of trillion dollar deficits comes to around $27,584 per taxpayer.
"The most direct path toward a healthier and more secure economy now and in the future is less spending, lower taxes, balanced budgets, and smaller debt. This bill is a small but important first step in that direction," said Messer. "It won't solve our nation's fiscal problems or prevent the government from spending money it doesn't have. But making this information more easily accessible will help us and our constituents better understand the impact of the spending decisions proposed by the President."
The House approved the bill in a 392-28-1 vote.