Bipartisan call to ease IRS rules for nonprofits heats up
Both Republicans and Democrats are pressuring the Obama administration to soften proposed new rules for political nonprofits,” reports Politico:
Three months after the administration unveiled a controversial new rule for 501(c)(4) nonprofits, both liberal and conservatives groups are hoping a record amount of comments and a deluge of attention from Capitol Hill will persuade the Internal Revenue Service to at least pare back the proposals before finalizing the new rule.
House Ways and Means Chairman Dave Camp (R-Mich.) has taken up the battalion in Congress to beat back the regulations. His bill to place a one-year moratorium on finalizing the regulations passed, with about a dozen Democrats helping out, on Wednesday.