A bill to amend the Internal Revenue Code of 1954 to provide a tax credit for political contributions to candidates for Congress which is more limited than the existing credit for such contributions.

Amends the Internal Revenue Code to allow an income tax credit for political contributions to candidates for Congress. Limits such credit to $10 for each such candidate ($20 in the case of a joint return). Provides that contributions eligible for such credit may not be taken into account for the income tax credit for contributions to candidates for public office.