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"U.S. taxpayer credit card statements" are being promoted in a bill recently introduced in Congress by Rep. Joseph DioGuardi (R-NY). The bill would require the IRS to enclose "taxpayer credit card statements" with the tax package sent to each taxpayer. The statement, which would be designed to resemble monthly statements issued by major credit card companies, would show taxpayers what their tax dollars purchased, the remaining balances on their purchases, and how much of a finance charge they were assessed. Rep. DioGuardi, who estimates that each taxpayer's share of the federal deficit in 1988 is $18,569, believes that his proposal would "wake up" voters to the reality of the deficit and motivate Congress to do something about it.

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  • March 1, 1988