Wednesday, January 26, 2011

Presidential Election Fund

This item was a Ucut selection for this week's waste elimination effort. The presidential election fund was divided equally between Dems and Repubs, for their primary winner to use in the general presidential election campaign,

The little box on the 1040 tax form that asks if you want $1 going to the presidential election fund is going away. The House just voted  239-160 to eliminate it.

The estimated savings is $ 240 million over a four year period. While a quarter of a billion dollars isn't all that significant , what this means is Obama will have  1/2 or $120 million less given to him for re election.



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