I agree with the gentleman's proposal. I just do not believe that it is evenhanded tax law, because it does not treat in an evenhanded, equitable, fair way all entities that are tax-subsidized, that is, citizen-subsidized, but allowed to engage in political activity the same way. Sunshine is important. Entities that engage in political activity with taxpayer subsidies should be required, in my estimation, to report their contributors and their expenditures; and I believe that we will have the opportunity in committee and on this floor, to pass legislation that builds on the gentleman's proposal, and does what is necessary, and that is, treats 501(c)(3)s, 4s and 5s and 6s the same way.
Nancy L. Johnson: “I agree with the gentleman's proposal. I just do not believe that it is evenhanded tax law, because it does not treat in…”
Editor's note · Context
Addressing the need for equitable disclosure requirements for tax-exempt entities involved in political activity.
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