As David Gans of the Constitutional Accountability Center explained in a useful briefing, a 1971 law created a tax credit for half the value of small political donations. At first, the credit's maximum amount was $12.50 (for any individual who gave at least $25 in contributions). Later it was increased to $50 for individuals and $100 for joint filers. But the 1986 tax reform law wiped it out, as it tried to raise revenue by repealing various credits and deductions.
CAC In the News
Many years ago, a leading scholar sat down to pen a letter and dated it “Year 1 of American Independence.” The date was not July 4, 1776; it was Feb. 1, 1865, the day after congressional passage of the 13th Amendment.
"Some of what we've seen this term is a reflection of case selection," says David Gans of the Constitutional Accountability Center. "These are very far-reaching claims that conservatives are making in the cases they are bringing to the court," he added, citing the fair housing and Obamacare cases.
While there are many people who deserve credit for the court’s historic decision in Obergefell, there’s one more who should go on the list: President Barack Obama. He deserves credit not just for the powerful support his administration provided in Obergefell itself, but also for his decision not to defend DOMA four years earlier. It’s a helpful reminder of the power of the presidency, and how it can play out in unexpected ways.