Republicans To IRS: Back Off Anonymous Money Groups
tpmdc.talkingpointsmemo.com — A battle between leaders of the two parties over campaign finance rules intensified this week as Sen. Chuck Schumer (D-NY) accused Republicans of flat-out threatening the Internal Revenue Service after they warned the agency not to tighten oversight of anonymous money groups misusing the tax code. The squabble is about how forcefully to crack down on groups approved under special 501(c)(4) tax status by claiming to primarily engage in “social welfare,” but which pour significant resources into political activities. Democrats want a strict cap on how much money they may spend for politics; Republicans prefer the ambiguity of the status quo. Beneath the issue is a sea of anonymous spending in which pro-GOP groups are drowning Democrats.