End Taxpayer Funding for Campaigns

Eliminating Leftover Expenses for Campaigns from Taxpayers (ELECT) Act of 2025This bill terminates (1) the taxpayer election (on the federal income tax form) to designate $3 of income tax liability to be paid to the Presidential Election Campaign Fund (which would otherwise go into the general fund of the Treasury) for financing of presidential election campaigns, (2) the Presidential Election Campaign Fund, and (3) the Presidential Primary Matching Payment Account. The bill also requires funds remaining in the Presidential Election Campaign Fund to be transferred to the general fund of the Treasury for the sole purpose of reducing the deficit.

1. This bill would stop using taxpayer money to fund presidential election campaigns. 2. It would end the presidential election campaign fund starting after December 31, 2024. 3. Any remaining money in this fund would go to reduce the federal deficit. 4. Candidates would no longer receive taxpayer support for their campaigns. 5. The bill aims to cut federal spending related to elections.

Presidential candidates and taxpayers who currently fund election campaigns through their tax returns.