A bill to increase the maximum tax credit allowable for a contribution to candidates for public office, and to repeal the tax deduction allowable for such contributions.

Increases the maximum tax credit, under the Internal Revenue Code, for contributions to candidates for public office to $150 ($300 for joint returns). Repeals the tax deduction allowable for contributions to candidates for public office. (Amends 26 U.S.C. 41(b)(1), repeals 26 U.S.C. 218(b)(1)).