HR-8320 : Still Just a Bill

H.R. 8320, also known as the "Spend It At Home Act," introduces the following key provisions:

• Taxpayer Designation: Requires the Secretary of the Treasury to include a provision on Federal income tax forms allowing taxpayers to indicate whether their Federal income taxes should be used for domestic or international purposes.
• Public Reporting: Mandates the Secretary of the Treasury to annually report the aggregate amount of Federal income taxes designated for domestic and international purposes, as well as the number of taxpayers making each designation.
• Rescission of IRS Funds: Rescinds unobligated balances allocated to the Internal Revenue Service (IRS) under specific paragraphs of section 10301 of Public Law 117-169, commonly known as the "Inflation Reduction Act of 2022," for various IRS activities.