» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 126 | NO. 18 | Thursday, January 27, 2011

House: End Subsidies for White House Hopefuls

AP

Print | Front Page | Email this story | Comments ()

WASHINGTON (AP) – The House has voted to abolish the system of partial federal funding for presidential campaigns.

The legislation passed 239-160. It would end the current system that allows people to check a box on their income tax return and dedicate $3 of their payments to presidential candidates.

Supporters said the bill would reduce federal spending by $617 million over a decade, and the bill marked an early example of House Republicans working to reduce deficits.

Democrats generally opposed the bill. It faces an uncertain future in the Senate. The White House has announced its opposition.

The system has been in effect for more than 30 years. It was put into place in reaction to the Watergate scandals of the Nixon years in the early 1970s.

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 106 418 11,538
MORTGAGES 135 521 14,424
FORECLOSURE NOTICES 0 0 2,278
BUILDING PERMITS 220 913 24,947
BANKRUPTCIES 53 297 8,729
BUSINESS LICENSES 26 119 3,890
UTILITY CONNECTIONS 71 524 13,980
MARRIAGE LICENSES 13 83 3,114

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.