Drudge Retort: The Other Side of the News
Saturday, December 09, 2017

Wealthy Americans may get a new conduit for political money in the tax overhaul bill now being reconciled on Capitol Hill. A small provision in the House version of the bill would let big donors secretly give unlimited amounts to independent political groups -- and write off the contributions as charitable gifts. "You not only get to help that candidate with a big contribution, it's not going to be publicized and you're going to be able to take a tax deduction on top of it," said Michael Franz, a political scientist, who analyzes political advertising with the Wesleyan Media Project. The change would echo -- or possibly dwarf -- the influx of unregulated, undisclosed campaign money brought about by two Supreme Court decisions over the past decade.

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Those rulings permitted unlimited contributions to tax-exempt "social welfare" groups engaging in politics. The groups operate under Section 501(c)(4) of the tax code and don't disclose their donors.

The conservative Koch brothers network and other ideological warriors, on both sides, deploy social welfare groups. Their TV ads tend to be negative, even caustic, helping to make campaigns more divisive.

The tax overhaul bill offers a potentially much bigger loophole -- one that political operatives will try to drive right through. It would politicize a different set of tax-exempt groups: 501(c)(3) charity organizations, through which donors can take tax deductions for their contributions.

"This is going to create, possibly, tax-deductible electioneering," Franz said.

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"Wealthy Americans may get a new conduit for political money in the tax overhaul bill "

not to worry
they will only take advantage of this for everyone else's wellbeing, not their own interests

Sincerely
jeffjberlyboaz

#1 | Posted by ChiefTutMoses at 2017-12-08 11:39 AM | Reply

"The tax overhaul bill offers a potentially much bigger loophole "

remember when the usual's said the tax overhaul would make it so we could do our taxes on postcard?

as if everyone had only bubble gum wrapper investments

#2 | Posted by ChiefTutMoses at 2017-12-08 11:42 AM | Reply

Let's end the charade and just auction off Congressional seats and the Presidency.

#3 | Posted by danni at 2017-12-08 12:10 PM | Reply | Newsworthy 2

Donating to politics isn't deductible, but donating to churches which become political is?!?

Allow me to formally introduce The Church of Danforth.

You can call me Rev.

#4 | Posted by Danforth at 2017-12-08 12:14 PM | Reply

Everyone that voted for a Republican Congressman needs to own this. Americans should be outraged and we need to focus our anger on those who voted for these crooks.

#5 | Posted by danni at 2017-12-08 12:17 PM | Reply

Ane where does the money get spent for the most part....in the media....so is it a surprise they spend 10 times the amount of time talking about minor sexual escapade of Al Franken than this real scandal? The media is just as corrupt as the politicians.

#6 | Posted by danni at 2017-12-08 12:22 PM | Reply

Draining that swamp.

Now you see why the gop wrote it in secret and tried to cram it down our throats.

#7 | Posted by 726 at 2017-12-08 01:49 PM | Reply

for sale to highest bidder: America.

#8 | Posted by ichiro at 2017-12-08 05:04 PM | Reply

...wait: if that bidder is someone i like.

#9 | Posted by ichiro at 2017-12-08 05:05 PM | Reply

Everyone that voted for a Republican Congressman needs to own this.

#5 | POSTED BY DANNI

Of course they're going to own it. They're ecstatic about it.

#10 | Posted by Whatsleft at 2017-12-08 09:12 PM | Reply

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I guessed this was gonna be part of the bill like five days ago, buy when you post fifty thousand times a week it'd hard to find your old posts sometimes.

#11 | Posted by snoofy at 2017-12-08 09:17 PM | Reply

Nevermind, I found it

"Deducting worker expenses goes away. This isn't just Union dues, it's uniforms, licensing, required education, etc"
Hopefully they can offset that by making political contributions tax-deductible.
#113 | POSTED BY SNOOFY
www.drudge.com

#12 | Posted by snoofy at 2017-12-08 10:35 PM | Reply | Newsworthy 1

You know, they could make taxes free for everyone making less than 100k. They could.

#13 | Posted by Sniper at 2017-12-09 12:44 PM | Reply | Newsworthy 1


@#13 You know, they could make taxes free for everyone making less than 100k. They could.

Yeah, they could.

But do you really think that the billionaire Wall Street South people who occupy the White House would ever do such a thing?

Jus' askin'....

#14 | Posted by LampLighter at 2017-12-09 09:05 PM | Reply

They could.

They could do a lot of things...

#15 | Posted by ClownShack at 2017-12-09 09:22 PM | Reply

"Everyone that voted for a Republican Congressman needs to own this.

#5 | POSTED BY DANNI
Of course they're going to own it. They're ecstatic about it."

Yes, you're right, they will celebrate this though their own vote becomes less and less important, and their issues more and more unimportant. Your Congressman is much more concerned with the issues of his donor than he/she is with your issues. Face it, if you aren't rich, you have no representation. They own Congress. We're peons.

#16 | Posted by danni at 2017-12-09 10:02 PM | Reply


@#16 ... Your Congressman is much more concerned with the issues of his donor than he/she is with your issues. ...

Salient point that should be alerted from the North Church.

Yes, it is am important as The British are Coming!

The Corporations are Coming!

Do you want you and your descendants to live a life of servitude to The Corporations?

That is what the Republicans are moving towards.

Is that really the Republican Party you signed up for when you voted for candidate Trump?

Because it is the Republican Party you put into office.


#17 | Posted by lamplighter at 2017-12-09 10:32 PM | Reply | Newsworthy 2

Conservative priorities:

Dark money legalized bribery? Tax free

Graduate students getting research fellowships? Tax those liberal scum!

#18 | Posted by hatter5183 at 2017-12-11 02:44 PM | Reply

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