The Center for Competitive Politics (CCP) urged U.S. Senators to support a bill to scrap the presidential tax financing system, a subsidy program for politicians that taxpayers have increasingly abandoned.
The House voted to abolish the program in late January on a bipartisan 239-160 vote. Senate Minority Leader Mitch McConnell promptly introduced a companion bill in the Senate. Majority Leader Harry Reid has indicated that he will block a vote on bill. However, opponents of tax financing could attach the repeal language to another Senate bill under consideration.
“The American people deserve an up-or-down vote on this flawed subsidy scheme,” said Center for Competitive Politics President Sean Parnell. “Barely seven percent of taxpayers volunteer a portion of their tax return to this program. Virtually the only people that will miss it are Washington insiders disappointed that the taxpayer-funded open bar at party conventions will run dry.”