Amid backlash, IRS delays new U.S. rules for social welfare groups
(Reuters) - U.S. Republicans claimed victory on Thursday after the Internal Revenue Service said it will delay and rewrite proposed rules for tax-exempt, social welfare groups that were at the heart of the agency's a political controversy last year.
"This proposed rule was wrong from the start," said Republican Representative Dave Camp, chairman of the tax-writing committee in the House of Representatives.
"Hopefully the IRS and the Obama Administration will think twice before ever trying to go down this path again," he said in a statement.
Since the rules were introduced in November 2013, Republicans have tried to stop them from being finalized.
Continued at Link:
http://www.reuters.com/article/2014/05/22/us-irs-delays-idUSBREA4L19Y20140522
While I'm disappoointed that this didn't go forward, the Republicans blocking it is a great campaign topic. Every comment thread I've read regarding 503(c) shows widespread hatred for the existing rules and the groups using them.
