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VOL. 126 | NO. 18 | Thursday, January 27, 2011

House: End Subsidies for White House Hopefuls

AP

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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 This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 119 482 10,051
MORTGAGES 119 497 11,811
FORECLOSURE NOTICES 8 61 1,695
BUILDING PERMITS 268 1,056 21,366
BANKRUPTCIES 50 263 6,700
BUSINESS LICENSES 28 151 3,584
UTILITY CONNECTIONS 33 172 4,155
MARRIAGE LICENSES 20 111 2,290

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