A bill to amend the Internal Revenue Code of 1954 to increase the maximum credit allowable under section 41 for political contributions to $25 ($50 in the case of a joint return), and to increase the maximum deduction allowable under section 218 for such contributions to $200 ($400 in the case of a joint return).

Increases, under the Internal Revenue Code of 1954, the maximum tax credit allowable for political contributions to $25 ($50 in the case of a joint return). Increases, under the Code, the maximum tax deduction allowable for such contributions to $200 ($400 in the case of a joint return). (Amends 26 U.S.C. 41, 218)