House quietly passes tax exemption for megadonors

[cali]

Hey, now they can buy elections and get a new hefty tax break. Cool.

The House on Wednesday with little fanfare passed legislation that would protect major donors like the Koch brothers and Tom Steyer from having to pay gift taxes on huge donations to secret money political groups.

The legislation, which now heads to the Senate, is seen by fundraising operatives as removing one of the few remaining potential obstacles to unfettered big-money spending by nonprofit groups registered under a section of the Tax Code — 501(c) — that allows them to shield their donors’ identities.

Read more: http://www.politico.com/story/2015/04/house-quietly-passes-tax-cut-for-megadonors-117067.html#ixzz3XaXjjhqg

[cyberswede]

1. jesus christ. they don't even try to look like they work for the citizens.

disgusting.

[sufrommich]

2. I expect this to get more attention when Obama

vetos it,which he has said he would do. I watched a GOP representative try to justify this on CNN this morning and he was ridiculous.I hope it gets to Obama's desk for a veto,then let the GOP try to explain this gift to the wealthy.

[enlightenment]

3. I wish I could make this an avatar.

[hifiguy]

4. The Repigs are just selling the country off

bit by bit to their funders.

[spanone]

5. my cynicism grows daily or hourly, perhaps by the second.