H.R. 6889, known as the “True Cost Act,” proposes changes to section 1105(a) of title 31 of the United States Code. The bill requires the President's annual budget submissions to Congress to include an estimate of how much each taxpayer is responsible for in terms of the...
Simple Explanation
The bill wants the President to tell each taxpayer how much money they're responsible for when the country spends more than it earns, like when you owe a friend candy because you didn't have enough to pay for a toy.