U.S. Sen. John Cornyn, R-Texas, today introduced the Tax Transparency Act of 2015 (S. 252), a bill that provides taxpayers with a clear explanation of how proposed legislation would impact their households. Sen. Cornyn's legislation is based on a Texas measure authored by State Sen. Van Taylor, TX-4.
"I'm pleased to introduce this common-sense measure to arm hard-working taxpayers with more information about how legislation impacts their bottom line. As the President plans to move forward yet again with another tax hike over $300 billon, now more than ever we need greater transparency in Washington and a more informed public."