,,ii  #aafth ,,congress  #b;d ,session  
,s4 #cbbe  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,january #ba1  
#bjbj,ms4 ,ernst introduced the         
following bill2 which was read twice and
 referred to the ,committee on ,finance 
,a ,,bill  ,to reduce ,federal spending 
and the deficit by terminating taxpayer 
financing of ,presidential election     
campaigns4  #a4 ,short title ,this ,act 
may be cited as the ,eliminating        
,leftover ,expenses for ,campaigns from 
,taxpayers 7,,elect7 ,act of #bjbj4  #b4
 ,termination of taxpayer financing of  
,presidential election campaigns  7a7   
,termination of designation of income   
tax payments ,section #fjif of the      
,internal ,revenue ,code of #aihf is    
amended by adding at the end the        
following new subsection3  7d7          
,termination ,this section shall not    
apply to taxable years beginning after  
,december #ca1 #bjai4  4  7b7           
,termination of fund and account  7#a7  
,termination of ,presidential election  

campaign fund  7,a7 ,in general ,chapter
 #ie of subtitle ,h of such ,code is    
amended by adding at the end the        
following new section3  #ijac4          
,termination ,the provisions of this    
chapter shall not apply with respect to 
any ,presidential election 7or any      
,presidential nominating convention7    
after the date of the enactment of this 
section1 or to any candidate in such an 
election4  4  7,b7 ,transfer of         
remaining funds ,section #ijjf of such  
,code is amended by adding at the end   
the following new subsection3  7d7      
,transfer of funds remaining after      
termination ,the ,secretary shall       
transfer the amounts in the fund as of  
the date of the enactment of this       
subsection to the general fund of the   
,treasury1 to be used only for reducing 
the deficit4  4  7#b7 ,termination of   
account ,chapter #if of subtitle ,h of  
such ,code is amended by adding at the  
end the following new section3  #ijdc4  
,termination ,the provisions of this    

chapter shall not apply to any candidate
 with respect to any ,presidential      
election after the date of the enactment
 of this section4  4  7c7 ,clerical     
amendments  7#a7 ,the table of sections 
for chapter #ie of subtitle ,h of such  
,code is amended by adding at the end   
the following new item3  ,sec4 #ijac4   
,termination4  4  7#b7 ,the table of    
sections for chapter #if of subtitle ,h 
of such ,code is amended by adding at   
the end the following new item3  ,sec4  
#ijdc4 ,termination4  4