Search Results for keywords:"matching payments"

Search Results: keywords:"matching payments"

H. R. 7499 — To amend chapters 95 and 96 of the Internal Revenue Code of 1986 to reform the system of public financing for Presidential election campaigns, and for other purposes.
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February 29, 2024
Status:Introduced in House
Congress:118
Words:8,827
H.R. 7499 aims to reform the public financing system for Presidential election campaigns in the United States. The bill proposes changes to the Internal Revenue Code of 1986, including increasing certain matching payments, modifying eligibility requirements, and establishing a "Freedom From...
Simple Explanation
H.R. 7499 wants to change how money is used in big elections by giving more help to candidates but also making sure the money is tracked carefully, so everyone has a fair chance to win. However, some parts of the plan might make it easier for richer people to do better in the elections.
S. 3843 — To amend chapters 95 and 96 of the Internal Revenue Code of 1986 to reform the system of public financing for Presidential election campaigns, and for other purposes.
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February 29, 2024
Status:Introduced in Senate
Congress:118
Words:8,787
The bill, known as the "Empower Act of 2024," aims to reform the public financing system for Presidential election campaigns in the United States. It proposes changes to the Internal Revenue Code, such as revising matching payment systems for primary elections, increasing limits on...
Simple Explanation
The "Empower Act of 2024" wants to change how money is given to people running for president to make it fairer, but some people worry it might make things more complicated and make it easier for rich people to win. It also creates a special fund to help pay for campaigns using money from fines and penalties, but there's concern it might not be managed well or have enough money.

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