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View Diary: Wimpy Darrell Issa can't stand the heat, so he gets out of the kitchen (298 comments)

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  •  501 c 4 statute says "excessively" (0+ / 0-)

    IRC 501 c 4 says the purpose must exclusively social welfare.  Eisenhower's AG snuck in the "primarily" language as regulation….but it is not the law.The real scandal is IRS not having followed the statue since Ike, and Congress should fix that.  Political groups can still get non profit status as 527s, like the real political parties do.  But as 527s, it darn near impossible to launder money, hide contributors, or use a bunch of naive Tea Party groups to suck off legal fees from gullible conservatives.  You can do it to 501 c 4 gullible Tea Partiers.

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