Bill > HR3099

This bill, the Buffett Rule Act of 2011, amends the Internal Revenue Code to allow taxpayers to voluntarily donate any amount, at least $1, when filing their income tax return, in addition to their tax liability. This donation will be deposited into the general fund of the Treasury and then transferred to a specific account dedicated to reducing the national debt, which is the total amount of money the federal government owes. The bill specifies that this donation must be designated on the taxpayer's income tax return at the time of filing, either on the first page or the page with the taxpayer's signature, and will be treated as a contribution to the United States.