The U.S. House of Representatives passed a bill today to stop taxpayer financing of presidential campaigns and shut down an obsolete federal election agency.
H.R. 3463 combines a proposal Rep. Tom Cole (R--Okla.) crafted to terminate the Presidential Election Campaign Fund (PECF) and a plan I authored to eliminate the Election Assistance Commission (EAC). Dissolving these federal programs saves taxpayers $480 million over five years and immediately decreases the federal deficit by $199 million, according to nonpartisan congressional scorekeepers.
Since 1976, taxpayers have spent $1.5 billion subsidizing a campaign finance program that hasn't worked. Since 2005, we've spent tens of millions funding an agency that, despite its dwindling responsibilities, has more than doubled in size. And today, in a bipartisan show of common sense, the House voted to end both.
As chairman of the Elections Subcommittee,I believe these types of cuts -- eliminating unutilized, non-effective programs -- are exactly what we need to rein in Washington's out-of-control spending.
To learn more about what is happening in my congressional office, please join my Facebook, Twitter and YouTube pages.
Member of Congress