Political Quotes

Judy Chu: So, in effect, a billionaire can receive a massive tax break for donating appreciated stock to a 501(c)(4) that seeks to…

On the recordDecember 12, 2023
So, in effect, a billionaire can receive a massive tax break for donating appreciated stock to a 501(c)(4) that seeks to influence our politics and elections, while also avoiding the public disclosure rules that apply to 527 organizations like PACs. Correct?
Said by
Judy Chu
Democratic · California

Editor's note · Context

Chu highlights tax advantages for billionaires donating to 501(c)(4) organizations.

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