To amend the Internal Revenue Code of 1986 to allow individuals to direct that part or all of their Federal income tax refunds be contributed to Federal programs specified by the individuals on their tax returns.
What I Can Do for America Act - Amends the Internal Revenue Code to establish the Federal Program Enhancement Trust Fund. Allows taxpayers to use their income tax returns to designate cash contributions or portions of any refunds due them to be paid to such Fund for distribution to eligible Federal programs designated by the taxpayer. Allows a deduction from taxable income for contributions to such Fund by individuals who do not itemize.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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