To allow taxpayers to indicate whether the Federal income taxes they pay should be used for domestic or international purposes, to rescind certain balances made available to the Internal Revenue Service, and for other purposes.
About This Bill
Committee
Latest Action · May 8, 2024
Referred to the House Committee on Ways and Means.
The Spend It At Home Act would allow taxpayers to indicate on their federal income tax forms whether they want their tax payments used for domestic or international purposes. The Treasury Department would be required to publicly report annually how many taxpayers made each choice and the total dollar amounts selected for domestic versus international spending. The bill also rescinds unobligated balances from IRS funding provided under the 2022 Inflation Reduction Act, effectively redirecting those funds. This legislation affects all federal income taxpayers and would provide information about public preferences regarding how tax dollars are allocated between domestic and foreign spending.
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