WASHINGTON, March 17 (UPI) -- The annual 'Wearin' of the Green' was marked on Capitol Hill Wednesday by the introduction of legislation to return budget surpluses to the taxpayers.
The Taxpayer Rebate and Responsibility Act, which would establish a system to return future budget surpluses to the U.S. taxpayers through rebates, was introduced by Reps. John Doolittle, R-Calif., and Eric Cantor, R-Va. The plan, were it to become law, would guarantee that a minimum of 50 percent -- and up to 100 percent of any non-Social Security and non-Medicare yearend surpluses be returned to the taxpayers through the issuance of rebate checks.
"Today, on St. Patrick's Day, we are introducing legislation that will return more green back to hardworking Americans," Doolittle said. "American families have always known the best way to spend their hard earned money and this legislation will give the American taxpayer an incentive to keep the government's budget under a microscope."