A bill to reduce Federal spending and the deficit by terminating taxpayer financing of Presidential election campaigns.
Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2023
This bill terminates (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 funds remaining in the Presidential Election Campaign Fund to the treasury for the sole purpose of reducing the deficit.
Referred to the Subcommittee on Health.
Introduced in Senate
Read twice and referred to the Committee on Finance.
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