IRS gives 'social welfare' status to Karl Rove group

[applegrove]

IRS gives 'social welfare' status to Karl Rove group

By Jonathan Swan at the Hill

http://thehill.com/blogs/ballot-box/268799-irs-gives-social-welfare-status-to-karl-rove-group#

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Republican operative Karl Rove’s Crossroads GPS group, which spent tens of millions of dollars on attack ads against President Obama in 2012, has been granted tax-exempt “social welfare” status by the Internal Revenue Service.

After deliberating for more than five years, the IRS sent a letter to Crossroads GPS in November telling the group that it qualifies under section 501(c)(4) of the tax code, allowing it to raise and spend unlimited amounts of money while keeping its donors’ identities secret.
The only catch is that, under the current vague interpretation of the law, more than half of the group’s spending must be on “social welfare” activities.

During the 2012 election cycle, Crossroads GPS — a sister organization to the super-PAC American Crossroads, also founded by Rove — technically abided by the “social welfare” requirement, reporting in its tax return that it spent only 39 percent, or $74 million out of its total $189 million, on “direct political activities.”



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[daleanime]

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[PoliticAverse]

2. Reced for exposure. n/t