House to Vote on Abolishing Campaign Matching Fund

By: The Associated Press
By: The Associated Press

WASHINGTON (AP) -- Republicans say the House will vote next week on abolishing the system of financing presidential candidates and national conventions with federal matching funds.

They say that if passed and signed into law, the measure would save $520 billion over a decade.

House Republicans have promised to vote at least once a week on legislation to reduce federal spending.

Under current law, qualified presidential candidates may receive federal matching funds in exchange for abiding by certain restrictions. The money comes from taxpayers who voluntarily contribute $3 a year when they file their taxes.

The vote is expected on Wednesday, although Republicans did not immediately provide additional details of their plans. is happy to provide a forum for commenting and discussion. Please respect and abide by the house rules:

Keep it clean, keep it civil, keep it truthful, stay on topic, be responsible, share your knowledge, and please suggest removal of comments that violate these standards. Comments may take up to 24 hours or longer to appear on the site.

See full commenting rules...
powered by Disqus
WILX 500 American Road Lansing, MI 48911 517-393-0110
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 114312059 -
Gray Television, Inc.