Mr. Chair, I rise in strong opposition to H.R. 359, terminating voluntary taxpayer financing of presidential elections. This legislation seeks to end a 35-year-old program that uses money taxpayers choose to help pay for presidential campaigns and political conventions. The impetus for creating this public-financing system was the 1970s Watergate scandal and the desire to make fundraising for presidential elections more transparent. This bill would terminate the taxpayer option to designate a mere $3 of income taxes to the financing of presidential campaigns, thereby also eliminating the Presidential Election Campaign Fund and the Presidential Primary Matching Payment Account. Currently, taxpayers can designate a $3 contribution to the public- financing system by checking a box on their federal income tax form. The money comes from taxes paid to the U.S. Treasury and does not affect a person's tax refund or payment. Passing this legislation would do irreparable harm to our presidential election system by preventing everyday Americans from having their voices heard while opening the door for special interests and large corporations to dominate presidential elections even more. This legislation would prevent patriotic, tax-paying grandmothers who may not be technologically savvy enough to go to the Web site of a presidential campaign but who have for years and decades checked this box from expressing their civic right to support a presidential campaign.…
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I have the time. The Acting CHAIR. The gentlewoman from Texas may not reyield time.





