[Congressional Record Volume 159, Number 167 (Thursday, November 21, 2013)]
[House]
[Page H7336]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
CIVIC ACT
(Mr. PETRI asked and was given permission to address the House for 1
minute and to revise and extend his remarks.)
Mr. PETRI. Mr. Speaker, today's elections are costing more and more
each year.
According to the Center for Responsive Politics, winning candidates
spent an average of $1.5 million in the 2011-2012 election cycle. More
than $4 billion was contributed to campaigns during the last cycle,
with 63 percent of this total coming from donors who gave more than
$200.
Most would agree that the ideal way to finance political campaigns is
through a broad base of donors. This is why I propose to bring back the
Federal tax credit for small campaign contributions. Today, I have
introduced the Citizen Involvement in Campaigns Act. Under this
legislation, individuals who donate amounts up to $200 to a Federal
campaign could receive a tax credit equal to that contribution.
With more and more campaign operations moving to Web sites and online
resources, campaigns could tilt the playing field away from special
interests and large donors and empower small donors and average
Americans. This bill is a step in the right direction of encouraging
greater participation in our campaigns, and I urge my colleagues to
cosponsor this legislation.
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