Since the mission of the IRS is to determine what people owe in taxes, and since these contributions have nothing to do with what people owe in taxes, it's really not the business of the IRS to be trying to police who contributed what to these organizations in a series of contributions that have no tax consequences. Isn't that fair to say?
Toomey argued that the IRS should not regulate contributions with no tax implications.
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I have no doubt that a few years after these projects are completed, transit agencies will come back to Congress pleading for still more subsidies to operate systems that have become far too large for the demand.
I think you have said that you think we still, nevertheless, need to have some kind of outbound investment review mechanism, even though you have just said we already have the authorities to prevent any kind of technology transfer.
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