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August 22, 2008
What that box on your tax return is really for
Posted: 08:40 AM ET

Drew Griffin
Special Investigations Unit

I doubt that after you read this you will check off that box on your tax form ever again….then again, here’s a little tale about what’s behind that box and you can decide.

Here’s the idea: If taxpayers fund the presidential campaigns, then big money, you know, the usual “bad guys”–big corporations, unions, PACs, contractors–would have less influence. That’s why this system was set up way back in 1971.

In 1974 Congress even took the added step of allowing you to opt-in or opt-out by checking or not checking that box. It wasn’t really a donation. It was a way to tell congress you would like to “earmark” a dollar of federal money for the cause.

Well, that little “check in the box” is now worth $3 dollars on your tax return. And if you are wondering where the money is going, next week turn on CNN and look at all those balloons about to drop.

The Federal Election Commission is giving $34 million dollars of this fund to the political parties so they can… party.

I’m not kidding.

Once again, it was a good idea gone bad. Congress in the ‘70’s wanted to make sure corporations and sponsors had little to no influence in how presidential candidates were selected. And since they were selected at the conventions, then it seemed to make sense for Congress (you and me) to pay for the conventions, too. So the conventions started getting money from taxpayers to throw a party.

Editor’s Note:
See Drew Griffin’s full report tonight on AC 360° 10pm E.S.T.

17 Comments
Filed under: Airline Safety •  Drew Griffin •  Keeping Them Honest
17 Comments
Cindy   August 22nd, 2008 9:03 am ET

Hey…it’s a good thing I never check that box then huh!? LOL

So I guess people who do are giving money to a party that they don’t even back also! Because they can’t possibly know if you are a Rep or Dem and how to allot your money accordingly.

Cindy…Ga.

Mike in NYC   August 22nd, 2008 9:10 am ET

I never checked that box, ever.

Really, who in their right mind would?

Annie Kate   August 22nd, 2008 9:31 am ET

Drew

I wish I could say I am surprised at what you found but I can’t. I don’t check that box - never have and never will. The State of Alabama has a full page of boxes you can check and that they hope you will check - itemized into giving state parks money, education, native americans, etc. etc. Only thing is that if you check one of those boxes and designate an amount it comes out of whatever refund you might have coming back to you and if you owe money then you owe that much more. I don’t check those boxes either. Stingy I guess - or just disgusted that with all the money I pay in taxes they have the nerve to beg for more.

Annie Kate
Birmingham AL

Kent Fitzsimmons,Kewanee, IL   August 22nd, 2008 10:34 am ET

Everyone likes a good party……….Hoooray!

Heather   August 22nd, 2008 10:49 am ET

My husband is any accountant and we never mark that box! If I want to give money I’ll write a check. People do need to know where the money goes. Look forward to your report.

sandra shuck   August 22nd, 2008 10:49 am ET

I want to know how much of my tax money has paid for the oil that Obama has used to fly across the sea and how much of my tax dollars will be used on his convention.
Why can he have so much and we have to cut down.
He is against drilling so why does he even use it.

Maryanne Gill   August 22nd, 2008 11:13 am ET

If the government would use the extra $’s to reduce the price of gas, we probably could get the price per gallon back to $1.50. Also, why can’t those BIG OIL Exec’s reduce their salaries from $20 billion a year to just a mere $10 billion and maybe we could get the price of gas back down to the price per gallon we paid in the 1960’s. (LOL)

Sharon from Indy   August 22nd, 2008 11:40 am ET

Drew/AC360:
Maybe a little box should be added to the tax forms to subsidize after school programs that have cut drastically by state governments, or purchasing fuel for buses so elementary school children can go on local field trips to museums or maybe a little box can be added so a inner city children can receive school supplies every fall.

This little box has backfired. So, who is accountable?

Susan   August 22nd, 2008 12:09 pm ET

Drew:

This is exactly why I no not check the box. Never have !!!!!! They already waste enough of our tax money !!!!!! The DNC and the RNC should pay for their own conventions.

Susan
Phoenixville,PA

Jim ,   August 22nd, 2008 12:46 pm ET

Drew- I never have checked that box in the first place, in fact I now have the solution to cut the Governments wastfull spending- Its called Be unemployed -No work means no income- no income = no income taxes no income taxes means Government learns to do as I have to which is prioritize spending or go bankrupt . I have one advantage the Government doesn’t- I can easily live off the Land.

deborah, OH   August 22nd, 2008 1:37 pm ET

Drew, thanks for the post.
I have never checked that box, or would ever check any box that GIVES the govt. ANY money!!! I can’t understand why anyone would, but they must. They should pay for their own conventions, not the taxpayers.

Lesley   August 22nd, 2008 1:45 pm ET

Let’s hope whoever gets into the WH can make the box go away, since they are all in favor of campaign reform. Besides, the national committees are now using loopholes in the campaign finance laws to raise money anyway so the whole thing is no longer viable.

Lillian   August 22nd, 2008 2:28 pm ET

I wonder why they like parties and baloons so much? May it’s because baloons subliminally represent blowhards, and the party message: We beat the other guys, now we can have fun.

Cynthia   August 22nd, 2008 4:46 pm ET

Can you say which party it goes to? I don’t want the Republicans to have a dime of my money. After Senator Obama opted out of public financing - they should make it the norm for all.

Papo   August 22nd, 2008 5:14 pm ET

What a shock! like our goverment would tell the truth the whole truth.
I decided years ago the goverment got more than they earned from the people.

Horst   August 23rd, 2008 10:58 pm ET

Hey, he’s having a hard time remembering how many houses he has..it’s 7 so why should he remember to save money for his party when us, the simple folk, make it easier for him and his friends to get richer.

concern   August 25th, 2008 2:05 am ET

never check that little box ….when in doubt say NO ….but AObama has shown them a way to ris efunds ..without corportation say so …listen and watch ..and learn something …. Obama is the man to lead this country to better way in a lot of things ….just stop and pay attention ….

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