Word: checkoff
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...have noticed -- if you're the sort of person who's already done your taxes -- that the little checkoff box for the Presidential Campaign Fund has increased from $1 to $3. Why? Since 1973, the spending limits for elections have been indexed for inflation but the checkoff hasn't, so its value has consistently declined (taxpayer participation has hovered around 20% for the past decade). By 1992, the amount raised, $153,191,152, was barely enough to cover election costs. Officials expect the new, improved checkoff will easily cover...
...most far-reaching plan comes from Massachusetts Democrat John Kerry, who has introduced an amendment calling for public financing of Senate campaigns by raising the checkoff on federal tax forms from $1 to $3. But only 1 in 5 taxpayers bothers to check the box, even though it adds nothing to tax bills. The idea is a cop-out: if Congress wants campaigns to be funded by taxpayers, it should vote to allocate the money...
...open the field to candidates without big money connections, but also would lessen the significance of Political Action Committees and influential donors for those candidates who do rely on them. As in the public financing laws regulating presidential campaigns, such a measure would include matching funds provided by a checkoff on income tax returns and a cap on total expenditures...
...laws beneficial to Louisiana's oil and gas industry, which no doubt also benefited him, as he inherited considerable oil and gas stock from his father. Although Long was not a frequent sponsor of legislation, he was proud of the bills he did initiate. These included the voluntary tax checkoff provision for presidential campaigns and an earned income tax credit which helps the working poor. Asked to define a tax loophole, Long offered his famous dictum: "Something that benefits the other guy. If it benefits you, it is tax reform...
Swapping nongame animals is an outgrowth of a voluntary income tax "checkoff" program that began in Colorado in 1977. The provision allows citizens to earmark as much of their annual state tax refund as they like for wildlife conservation programs, which include transporting and monitoring animals that have been acquired from other states. Ecology-minded citizens have responded enthusiastically. For example, Michigan took in $490,000 last year, up from $272,000 when it began its program in 1983. Wisconsin collected $472,000, compared with $291,000 in 1983. "State agencies realize they have another constituency besides hunters and fishermen...