A bill to increase the maximum tax credit allowable for a contribution to candidates for public office, and to repeal the tax deduction allowable for such contributions.

[AI summary unavailable — showing source text] Increases the maximum tax credit, under the Internal Revenue Code, for contributions to candidates for public office to $150 ($300 for joint returns). Repeals the tax deduction allowable for contributions to candidates for public office. (Amends 26 U.S.C. 41(b)(1), repeals 26 U.S.C. 218(b)(1)).…