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House Republicans Vote To Keep Dark Money Donors’ Identities A Secret - The Ring Of Fire
Posted
June 21, 2016
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3:32Now PlayingJust last week, the U.S. House of Representatives decided that they want to make it easier for big money donors to conceal their identities when they give money to 501c3 non-profit organizations...with the expressed intent of influencing elections. And that's exactly what we're seeing happening in the United States right now. Ring of Fire's Farron Cousins discusses this.
---The Republican-controlled U.S. House of Representatives voted on Tuesday to protect the identities of wealthy individuals and others who make anonymous, or "dark money," donations to politically active nonprofit groups.
The measure, which drew lobbying support from billionaire industrialists Charles and David Koch, was approved in a 240-180 vote along party lines. It would prohibit the Internal Revenue Service from collecting the names and addresses of donors who contribute $5,000 or more to 501(c) organizations, a name that refers to the tax code section that covers them. The action sent the bill on to the Senate.
Although the measure would apply to all 501(c) tax-exempt groups, such as universities, hospitals and charities, politically active nonprofits are the intended beneficiaries.---
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