# 114-hr-6050: National Debt and Taxation Transparency Act of 2016

114-hr-6050, National Debt and Taxation Transparency Act of 2016, is a 114th Congress bill sponsored by Rep. Huizenga, Bill [R-MI-4] (R-MI); status Referred to the House Committee on Ways and Means. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/114-hr-6050
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 114-hr-6050
- Congress: 114
- Title: National Debt and Taxation Transparency Act of 2016
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2016-09-15
- Sponsor: Rep. Huizenga, Bill [R-MI-4] (R-MI)
- Cosponsors: 0
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

National Debt and Taxation Transparency Act of 2016 This bill directs the Department of the Treasury to provide each individual who has a valid Social Security number, who received a Form W-2 in the previous taxable year, and who has filed a tax return in any previous taxable year (eligible individual) with a taxpayer account statement. Beginning on October 1, 2017, Treasury must provide the statement to eligible individuals upon request. For individual income tax returns after 2019, Treasury must include the statement in the instructions for the returns. The taxpayer account statement shall include: (1) a summary of the most recent Financial Report of the U.S. government, including the Statement of Long Term Fiscal Projections; (2) a calculation by Treasury of the eligible individual's share of the total obligations of the federal government; and (3) a 30-year calculation of the proportional increase in the federal income tax rates necessary to entirely finance the current fiscal path of the federal government, assuming there are no changes in current fiscal policy and no budget deficit. Within five years of enactment of this bill, Treasury must also provide an estimate of the marginal tax rate and the income and payroll tax liability of the individual under the assumptions stated above.

## Related bills

- 114-hr-6431: Promoting Travel, Commerce, and National Security Act of 2016
- 114-hr-6427: Creating Financial Prosperity for Businesses and Investors Act
- 114-hr-6176: Export Control Reform Act
- 114-hr-6131: Human-Animal Chimera Prohibition Act of 2016
- 114-hr-6100: Protect Family Farms and Businesses Act
- 114-hr-6049: Protection from Insurance Exchange Monopolies Act

## Sources
- [114-hr-6050 on Congress.gov](https://www.congress.gov/bill/114th-congress/house-bill/6050)

## Related
- [114-hr-6431: Promoting Travel, Commerce, and National Security Act of 2016](https://policyrisk.com/legislation/114-hr-6431)
- [114-hr-6427: Creating Financial Prosperity for Businesses and Investors Act](https://policyrisk.com/legislation/114-hr-6427)
- [114-hr-6176: Export Control Reform Act](https://policyrisk.com/legislation/114-hr-6176)
- [114-hr-6131: Human-Animal Chimera Prohibition Act of 2016](https://policyrisk.com/legislation/114-hr-6131)
- [114-hr-6100: Protect Family Farms and Businesses Act](https://policyrisk.com/legislation/114-hr-6100)
- [114-hr-6049: Protection from Insurance Exchange Monopolies Act](https://policyrisk.com/legislation/114-hr-6049)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/114-hr-6050 (as of 2025-11-18).