Rubio and McCain Introduce Debt Buy Down Act

Washington, D.C. – Today, U.S. Senators Marco Rubio (R-FL) and John McCain (R-AZ) introduced the Debt Buy-Down Act of 2011, which would require the Internal Revenue Service (IRS) to include a check-off on tax forms providing taxpayers the flexibility to voluntarily designate that up to 10 percent of their tax liability be put toward debt reduction – this bill does not ask taxpayers to sign away any part of their potential federal refund.