[Congressional Record Volume 143, Number 124 (Wednesday, September 17, 1997)]
[Senate]
[Page S9526]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




               THE CAMPAIGN FINANCE INTEGRITY ACT OF 1997

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                       ALLARD AMENDMENT NO. 1211

  (Ordered referred to the Committee on Rules and Administration.)
  Mr. ALLARD submitted an amendment intended to be proposed by him to 
the bill (S. 1190) to reform the financing of Federal elections; as 
follows:

       At the appropriate place in the bill, insert the following:

     SEC. 402. TAX DEDUCTION FOR POLITICAL CONTRIBUTIONS.

       (a) Deductibility of Contributions.--
       (1) In general.--Part VII of subchapter B of chapter 1 of 
     the Internal Revenue Code of 1986 (relating to additional 
     itemized deductions for individuals) is amended by 
     redesignating section 222 as section 223 and by inserting 
     after section 221 the following:

     ``SEC. 222. CONTRIBUTIONS TO CONGRESSIONAL CANDIDATES.

       ``(a) General Rule.--There shall be allowed as a deduction 
     for any taxable year an amount equal to the contributions of 
     the individual during the taxable year to candidates for 
     Federal office other than President or Vice-President.
       ``(b) Maximum Deduction.--The deduction allowed by 
     subsection (a) for any taxable year shall not exceed $100 
     ($200 in the case of a joint return).
       ``(c) Definitions.--For purposes of this section, the terms 
     `contribution', `candidate', and `Federal office' have the 
     meanings given such terms by the Federal Election Campaign 
     Act of 1971.''.
       (2) Above-the-line deduction.--Section 62(a) of such Code 
     is amended by adding after paragraph (17) the following new 
     paragraph--
       ``(18) Congressional candidate contributions.--The 
     deduction allowed by section 222.''.
       (b) Conforming Amendment.--The table of sections for part 
     VII of subchapter B of chapter 1 of such Code is amended by 
     striking the item relating to section 222 and inserting:

``Sec. 222. Contributions to congressional candidates.
``Sec. 223. Cross reference.''.

       (c) Effective Date.--The amendments made by this section 
     shall apply to taxable years beginning after December 31, 
     1998.

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