Bill > HR8320

This bill, the Spend It At Home Act, has three key provisions: 1. It requires the Secretary of the Treasury to include a provision on federal income tax forms that allows taxpayers to indicate whether their taxes should be used for domestic or international purposes. 2. It requires the Secretary of the Treasury to annually report the aggregate amount of taxes and number of taxpayers who chose to have their taxes used for domestic or international purposes. 3. It rescinds (cancels) certain balances of funds that were previously made available to the Internal Revenue Service (IRS) under the Inflation Reduction Act of 2022. The bill aims to give taxpayers a say in how their federal income tax payments are used, with a focus on directing more funds for domestic rather than international purposes. It also reduces funding for the IRS that was recently provided through other legislation.

Budget and Finance

https://www.congress.gov/bill/118th-congress/house-bill/8320/all-info