To reduce Federal spending and the deficit by terminating taxpayer financing of Presidential election campaigns.
USA115th CongressHR-133| House
| Updated: 2/7/2017
Tom Cole
Republican Representative
Oklahoma
Committee on House Administration, Ways and Means Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
This bill amends the Internal Revenue Code to terminate: (1) the taxpayer election to designate $3 of income tax liability for financing of presidential election campaigns, (2) the Presidential Election Campaign Fund, and (3) the Presidential Primary Matching Payment Account. The Department of the Treasury must transfer: (1) specified funds remaining in the Presidential Election Campaign Fund to the 10-Year Pediatric Research Initiative Fund, and (2) the remainder of the funds to the general fund of the Treasury for deficit reduction.
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Timeline
Introduced in House
Referred to the Committee on Ways and Means, and in addition to the Committee on House Administration, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Ordered to be Reported by the Yeas and Nays: 5 - 3.
Committee Consideration and Mark-up Session Held.
Taxation
Budget deficits and national debtChild healthElections, voting, political campaign regulationGovernment trust fundsHealth programs administration and fundingMedical researchResearch administration and fundingTax administration and collection, taxpayers
To reduce Federal spending and the deficit by terminating taxpayer financing of Presidential election campaigns.
USA115th CongressHR-133| House
| Updated: 2/7/2017
This bill amends the Internal Revenue Code to terminate: (1) the taxpayer election to designate $3 of income tax liability for financing of presidential election campaigns, (2) the Presidential Election Campaign Fund, and (3) the Presidential Primary Matching Payment Account. The Department of the Treasury must transfer: (1) specified funds remaining in the Presidential Election Campaign Fund to the 10-Year Pediatric Research Initiative Fund, and (2) the remainder of the funds to the general fund of the Treasury for deficit reduction.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the Committee on Ways and Means, and in addition to the Committee on House Administration, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Ordered to be Reported by the Yeas and Nays: 5 - 3.
Committee Consideration and Mark-up Session Held.
Tom Cole
Republican Representative
Oklahoma
Committee on House Administration, Ways and Means Committee
Taxation
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Budget deficits and national debtChild healthElections, voting, political campaign regulationGovernment trust fundsHealth programs administration and fundingMedical researchResearch administration and fundingTax administration and collection, taxpayers