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R42088.pdf
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🔗 Source: fas.org
📊 Size: 231 KB
👤 Author: R42088
⬇️ Downloads: 51

Summary

The US Congressional Research Service report discusses the "Gifts to the United States for Reduction of the Public Debt" fund, which allows individuals to contribute to reducing the national debt. Under current law, contributions can be made online or by check and qualify as charitable donations. Four bills have been introduced in the 112th Congress to add a new method of contribution, allowing taxpayers to designate a donation on their tax returns or Form W-4. The report describes current law and proposed legislation, with contributions to the fund totaling $3,277,369.23 in FY2011.

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Description

The US Congressional Research Service report discusses the "Gifts to the United States for Reduction of the Public Debt" fund, which allows individuals to...

Technical Information

  • File Format: PDF
  • File Size: 231 KB
  • Pages: 6
  • Language: EN
  • Author: R42088
  • Total Downloads: 51
  • Last Updated: 3 months ago

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