Should we all get a tax credit?
Bill Summary
This bill would 1) give small donors a $25 refundable tax credit, 2) match contributions of $150 or less at a rate of six to one, and 3) allow citizen-funded candidates to combat Super PACs and outside groups by earning additional public matching funds within 60 days of an election.
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Opponents say
• Amounts to government funding of private speech
• Contributes to levels of unsustainable government spending
• Focusing on small donors will empower extremists
• Contributes to levels of unsustainable government spending
• Focusing on small donors will empower extremists