Political Quotes

“today, the Senate is voting on a resolution of disapproval that would rescind a dangerous decision made by the Treasury Department and restore a vital tool in the fight against illegal spending in U.S. elections. In July, the Treasury decided to reverse decades of precedent and eliminate a requirement that certain tax-exempt organizations must report the identities of their major donors to the Internal Revenue Service as part of their annual returns. Why is this important? Because the 501(c)(4) ``social welfare organizations'' and 501(c)(6) business leagues that now are no longer required to disclose their donors to the IRS are the very same groups that have poured nearly one billion dollars of dark money into U.S. elections since 2010. Dark money makes it nearly impossible for the public to find the true sources behind the shady attack ads and political campaigns that these organizations fund. But by at least requiring these groups to disclose their major donors to the IRS, the rule ensured that the government could monitor the groups' compliance with campaign finance laws, such as the ban on foreign contributions. Now that this enforcement tool has been lost, it will be much easier for foreign powers to illegally funnel money into our elections through dark money organizations. At a time when we know the U.S.…”