What You Need To Know About The Obama Administration's Proposed 'Dark Money' Rules
Source: Huffington Post
WASHINGTON -- The Obama administration proposed new rules Tuesday that would clarify the definition of "political activity" for social welfare nonprofit groups, also known as "dark money" groups, which are currently not required to disclose their donors even as they spend money on elections.
The proposed rules still have a long way to go before they are enacted, and will face big questions from both Congress and groups on both sides of the issue. But already a partisan divide is opening up in response to the new rules, with Sen. Sheldon Whitehouse (D-R.I.) calling the rules "badly needed," while Rep. Darrell Issa (R-Calif.) has declared them "a crass political effort by the administration."
* * *
The new proposed rules would stop groups from reporting some expenses as political activity to the Federal Election Commission, and reporting those same expenditures to the IRS as non-political social welfare activity.
Grover Norquist's Americans for Tax Reform has provided one of the most recent examples of the practice. The group reported to the FEC that it spent $15.8 million on direct political actions, but only reported spending $9.8 million on political activity to the IRS.
Read more: http://www.huffingtonpost.com/2013/11/27/dark-money_n_4351186.html?utm_hp_ref=politics
= new reply since forum marked as read
