1. Welcome! Please take a few seconds to create your free account to post threads, make some friends, remove a few ads while surfing and much more. ClutchFans has been bringing fans together to talk Houston Sports since 1996. Join us!

Attention to IRS law gaining steam in Congress

Discussion in 'BBS Hangout: Debate & Discussion' started by adoo, May 23, 2013.

  1. adoo

    adoo Member

    Joined:
    Mar 1, 2003
    Messages:
    9,624
    Likes Received:
    6,142
    http://tv.msnbc.com/2013/05/17/attention-to-irs-law-gaining-steam-in-congress-ht-lawrence-odonnell/

    Despite his condemnation of the IRS’ actions regarding the targeting of conservative groups applying for 501(c)4 status, Texas Congressman Lloyd Doggett did not believe that the current tax system was “rotten to the core” as some Republicans suggest. Echoing the argument MSNBC’s Lawrence O’Donnell has been making about the IRS law, Congressman from Texas went after the statute itself–specifically, the IRS’ interpretation of the words “exclusively” and “primarily.”

    • IRC tax statue 501(c) 4, as originally written by Congress, is explicit. it defines tax-exempt soocial welfare groups like this:
    • in 1959, the IRS issued operating guidance (its interpretation of tax laws) to IRS auditors, re-defining a hard, clear word like ‘exclusively’ to mean ’primarily’, and then
      left it to the IRS agents to determine if an organization was primarily concerned with the promotion of social welfare.”
    It was that change from “exclusively” to “primarily,” that “allowed political organizations to buy political advertising in support of candidates or as an attack on candidates and do so under a tax-exempt provision in the law that was never intended for them to hide behind.” Over the course of his questioning, Doggett accused GOP lawmakers of using this scandal and the 501(c)4 tax exemption status as a way to pour more “secret money” into campaigns in an effort to stall Obamacare, which will be enforced by the IRS when it is fully implemented.

     

Share This Page

  • About ClutchFans

    Since 1996, ClutchFans has been loud and proud covering the Houston Rockets, helping set an industry standard for team fan sites. The forums have been a home for Houston sports fans as well as basketball fanatics around the globe.

  • Support ClutchFans!

    If you find that ClutchFans is a valuable resource for you, please consider becoming a Supporting Member. Supporting Members can upload photos and attachments directly to their posts, customize their user title and more. Gold Supporters see zero ads!


    Upgrade Now