[Congressional Record Volume 159, Number 1 (Thursday, January 3, 2013)]
[House]
[Page H36]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

           By Mr. COLE:
       H.R. 95.
       Congress has the power to enact this legislation pursuant 
     to the following:
       Amendment XVI to the United States Constitution.
       Additionally, since the Constitution does not provide 
     Congress with the power to provide financial support to 
     candidates seeking election to offices of the United States 
     or to U.S. political parties, the general repeal of the 
     presidential election fund is consistent with the powers that 
     are reserved to the States and to the people as expressed in 
     Amendment X to the United States Constitution.
       Further, Article I Section 8 defines the scope and powers 
     of Congress and does not include this concept of taxation in 
     furtherance of funding campaigns within the delegated powers.