To amend the Internal Revenue Code of 1986 to terminate taxpayer financing of presidential election campaigns.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to terminate after December 31, 1999, the designation of income tax payments to the Presidential Election Campaign Fund. Terminates the Fund itself and the Presidential Primary Matching Payment Account after December 31, 2000, and transfers any amounts remaining in the Fund to the general fund of the Treasury.…