Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2025

Summary

Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2025 This bill terminates (1) the taxpayer election (on the federal income tax form) to designate $3 of income tax liability to be paid to the Presidential Election Campaign Fund (which would otherwise go into the general fund of the Treasury) for financing of presidential election campaigns, (2) the Presidential Election Campaign Fund, and (3) the Presidential Primary Matching Payment Account. The bill also requires funds remaining in the Presidential Election Campaign Fund to be transferred to the general fund of the Treasury for the sole purpose of reducing the deficit.

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2 official files

• Introduced in Senate

  Introduced in Senate · EN · 12 February 2025

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 12 February 2025

  Open at official source

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