Stop The Presses! The House Passed a Bill!

image
Created: 17 Apr, 2015
Updated: 15 Oct, 2022
1 min read
Hey! Guess what?! The house passed a bill!

"That's refreshing," you're probably saying. You're probably also wondering what important issue united our historically incompetent United States Congress. Was it infrastructure? Our over-crowded prison system? What about climate change reforms?

Nope, none of the above.

The pressing issue that required the full attention of our legislative body was the perception that huge political donors might have to pay a gift tax on the vast amounts of money they give to nonprofit political groups who are not required to disclose their donors.

As Politico reported Thursday, money that is donated to political parties or candidates is tax exempt -- that much is clear. What is not so clear is if donations to all 501(c) groups are exempt from the gift tax. These groups include big money players like:

"...the Karl Rove-conceived Crossroads GPS and the Tom Steyer-funded NextGen Climate (both of which are registered under section 501(c)4 of the Tax Code) to major labor unions (501(c)5) to the Koch brothers-backed Freedom Partners Chamber of Commerce (501(c)6)." - Politico

Okay, so right now all these big donors are paying a lot of taxes on donations to these organizations, right? Wrong. In fact, most donors do not pay any taxes on the absurd amount of donations made to groups who constantly bug you during the commercial breaks of The Walking Dead.

It was the perception that these donations could be flagged by the IRS that got giant mega-donors all hot and bothered.

So, in yet another example of how Washington has become a concierge to powerful interest groups, the House passed a law to make sure that people who can afford to buy public servants don't have to put a dime toward anything that would actually serve the public interest.

Read the full article here.

Latest articles

Downtown Oklahoma City
‘One-Person, One-Vote’ at Risk? Petition Reform Bill Sparks Backlash in Oklahoma
Legislation that would significantly reshape Oklahoma’s initiative petition process is one step closer to becoming law after the state House passed a revised version of Senate Bill 1027 last week. If signed into law, the bill would place additional hurdles in front of Oklahoma citizens who want to reform the electoral and political processes in their state....
13 May, 2025
-
3 min read
GOP logo over a black background.
The GOP's Biggest Opponent In 2026 -- Itself
Georgia Governor Brian Kemp has announced he won’t run for Senate in 2026 - a surprising move given his strong statewide appeal and proven ability to win over independents....
13 May, 2025
-
1 min read
How it REALLY Works : Running for President as an Independent
Running for President as an Independent: How it Really Works
Have you ever wondered why, in the greatest democracy in the world, almost no one runs for President of the United States as an independent? The answer is that running as an independent is extremely difficult, if not impossible. That is why very few people have attempted it, and none have won in modern history. ...
12 May, 2025
-
13 min read