Now Americans can “Google their Tax Dollars”
President George W Bush signed a law on Tuesday which allows for the creation of an online database for tracking government spending - within certain parameters.
The idea behind the new legislation is to create greater transparency and accountability between government and taxpayers.
Bush explained: “Information on earmarks will no longer be hidden deep in the pages of a federal budget bill, but just a few clicks away. This legislation will give the American people a new tool to hold their government accountable for spending decisions. When those decisions are made in broad daylight, they will be wiser and they will be more restrained.”
The signing ceremony was held in the Old Executive Office Building alongside the White House in Washington DC. Also present were lawmakers and Internet bloggers who had taken part on the process of getting the new law through Congress. There was some delay caused by certain Senate members but with the assistance of and pressure from the bloggers the bill was finally advanced.
The Web site will go live by 1 January 2008, and will list federal grants and contracts for over $25,000. Around $1 trillion in government spending will be tracked on the database. Restrictions will be placed on those classified for national security reasons.
The site is specifically targeted at the man and woman in the street who would like to know how their tax is being spent but are not familiar with the budget processes.
As Bush elaborated, “The Web site will allow our citizens to go online, type in the name of any company, association, or state or locality and find out exactly what grants and contracts they’ve been awarded. By allowing Americans to Google their tax dollars, this new law will help taxpayers demand greater fiscal discipline.”
