Ending 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 stops taxpayer money from funding presidential election campaigns. 2. It ends the option for people to designate part of their taxes for campaign funding. 3. Remaining funds in the campaign fund will go to reduce the federal deficit. 4. Candidates will no longer receive money from this fund for elections after 2024. 5. The bill aims to cut federal spending and reduce the national debt.

Voters and presidential candidates who rely on campaign funding.