To amend the Internal Revenue Code of 1986 to terminate taxpayer financing of presidential election campaigns.
Last action on Jan 31, 2001Sponsor introductory remarks on measure. (CR E74-75)
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Summary
Amends the Internal Revenue Code to terminate after December 31, 1999, the designation of income tax payments to the Presidential Election Campaign Fund. Terminates the Fund itself and the Presidential Primary Matching Payment Account after December 31, 2000, and transfers any amounts remaining in the Fund to the general fund of the Treasury.
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