IRS forced to give up on regulating 501c actions

1
In a victory for Karl Rove's Crossroads GPS the IRS has given them a 501c exemption as a social welfare organization. So they can continue to collect money from hidden donors and work political activites.
In a major decison that will open the floodgates to anonymous big-money political attack ads for the rest of the 2016 presidental election, the Internal Revenue Service has caved into pressure from the GOP-led Congress and declared that political front groups can masquerade as charities under the tax code.

The IRS has granted nonprofit status to Karl Rove's dark money political operation, Crossroads GPS, which for the past five years has pushed the legal envelope in order to influence elections but keep its donors secret, saying it was a social welfare organization akin to the March of Dimes. As a result, it didn't have to disclose who was bankrolling its operation, which allows a range of special interests and wealthy individuals to throw the political mud but duck the spotlight.
But a budget rider slipped into the omnibus spending bill—negotiated by Paul Ryan with the Obama administration--blocks the IRS from taking any further action on the rules, guaranteeing that dark money political operators like Crossroads GPS can continue to skirt the law and get away with it.
http://www.alternet.org/election-2016/i ... tification

More rich money buying the politics.
Facts do not cease to exist because they are ignored.-Huxley
"We can have democracy in this country, or we can have great wealth concentrated in the hands of a few, but we can't have both." ~ Louis Brandeis,

Who is online

Users browsing this forum: Amazon [Bot] and 3 guests