On Thursday evening, Senators Dan Coats (R-Ind.) and Joe Donnelly (D-Ind.) introduced a Senate version of legislation authored by Congressman Luke Messer (R-Ind.) requiring the president's annual budget submission to include the cost-per-taxpayer of the deficit for each year the budget is projected to be in deficit.
"We have seen record-high deficits year after year, and it's time Washington is honest with the American people about the seriousness of our financial crisis," said Coats. "Congress should be focused on bringing down the deficit and growing the economy. Our legislation will require the administration to be transparent with taxpayers about how much Washington's spending will cost them."
"Hoosier families deserve to know how federal budgets impact them, which is why I'm pleased to join my friend, Senator Coats, on this bill that would require a cost-per-taxpayer estimate of any deficit in future budgets," said Donnelly. "It is clear that we have a serious problem, so I am focused on working with both parties to balance the budget."
"I am excited to be working with Senator Coats and Senator Donnelly on this legislation to bring some Hoosier commonsense to Washington," said Messer. "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. Most Americans would be shocked if they knew how much the federal government's free-spending ways are costing them."
The bicameral legislation passed the House of Representatives on March 5, and Coats and Donnelly will push for immediate Senate consideration.