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Taxpayer financing of Presidential election campaigns

A system where a small portion ($3 or $6) of an individual's federal income tax can be voluntarily directed by checking a box on their tax return to help fund presidential campaigns.

Presidential Election Campaign Fund

A government fund that provides public money to eligible presidential candidates for their general election campaigns, and sometimes for nominating conventions.

Presidential Primary Matching Payment Account

A government account that provides matching funds to eligible presidential primary candidates for their smaller private donations, up to a certain limit.

General fund of the Treasury

The main operating fund of the U.S. government, used for general expenses and obligations not specifically allocated to other funds.

Deficit

The amount by which government spending exceeds government revenue in a given fiscal year, leading to an increase in the national debt.

Internal Revenue Code of 1986

The primary body of federal tax law in the United States, which outlines rules for taxation and related financial programs.