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By Kent Cooper Posted at 8:04 p.m. on May 21, 2013
A lawsuit against the Internal Revenue Service was filed today seeking to compel the agency to initiate a rulemaking procedure to resolve conflicts between IRS regulations and the tax code’s requirements for section 501(c)(4) groups. IRS regulations currently permit 501(c)(4) organizations to have tax-exempt status if they operate “primarily engaged” in promoting social welfare. Yet, the tax laws require these organizations to be “operated exclusively” for social welfare purposes.
To search detailed money-in-politics databases, visit Political MoneyLine.
Political MoneyLine is about following money in politics. It's a cash register for givers, receivers and those who want to watch the flow.
Kent Cooper has been uncovering and counting political money since 1972, when new disclosure laws took effect. He was assistant staff director for the Federal Election Commission's disclosure office for 22 years.
Tony Raymond was at the FEC for more than 20 years, analyzing reports and serving as the FEC's first webmaster.