Rove's Crossroads GPS Spent More On Politics Than It Reported To IRS

[babylonsister]

Where's Issa? An investigation is in order!!!

http://talkingpointsmemo.com/muckraker/crossroads-gps-spent-more-on-politics-than-it-reported-to-irs

Crossroads GPS Spent More On Politics Than It Reported To IRS
Eric Lach – November 25, 2013, 11:04 AM


You know what they say: a million here, a million there, pretty soon you're talking real dark money.

ProPublica on Monday documented how the Karl Rove-linked dark money group Crossroads GPS spent about $11 million more on political activities in 2012 than it disclosed to the Internal Revenue Service.

By comparing tax documents, ProPublica's Kim Barker showed how even though Crossroads justified its social welfare non-profit status by pointing to $35 million in grants it made in 2012 to other non-profits, "at least $11.2 million of the grant money given to the group Americans for Tax Reform was spent on political activities expressly advocating for or against candidates."

This means that Crossroads spent at least $85.7 million on political activities, not the $74.5 million the group reported to the IRS on its 2012 tax return. It also means political activities made up about 45 percent of Crossroads' total expenditures.

Here's how ProPublica did the math:

Americans for Tax Reform told the IRS in its tax return, obtained and made public by the watchdog group Citizens for Responsibility and Ethics in Washington (CREW), that it raised and spent about $31 million in 2012. Since the group got $26.4 million from Crossroads, only $4.6 million of its revenue came from other donors. At least $11.2 million of Crossroads money had to go toward the political ads reported to the FEC.

That means Americans for Tax Reform spent about 51 percent of its money on political ads reported to the FEC in 2012.

TPM has emailed a spokesperson for Crossroads and will update this post if he responds.