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Forum Post: New IRS Rules Aim to Limit Dark Money in Politics

Posted 7 months ago on Nov. 30, 2013, 8:36 a.m. EST by GirlFriday (17435)
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The IRS and Treasury Department announced proposed guidelines clarifying the definition of political activities for social welfare nonprofits Tuesday afternoon, a move that could restrict the spending of the dark money groups that dumped more than $254 million of anonymous money into the 2012 elections. Read the guidelines here.

However, the guidelines, which finally define what constitutes "candidate-related political activity," aren't a done deal. They will take some time for public comment and debate, and more time to finalize. (The IRS asks that all comments and requests for a public hearing be submitted by Feb. 27.) Experts also cautioned that the real test of oversight on the political spending by nonprofits will be how these regulations are enforced, something that the IRS has been so far reticent to do.

Read the rest here: http://progressive.org/new-irs-rules-aim-to-limit-dark-money-in-politics

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[-] 1 points by Copiosis (19) 7 months ago

I heard some republicans are also taking on this effort to make political funding more open and limited. I'm now sure such actions - including the IRS move - mean much. I guess we'll see...