Detailed text transcripts for TV channel - FOXNEWS - 20120217:15:07:00
Washington on this. >> reporter: since 2003, media matters has collected something like 28.8 # million dollars in donations. because the media matters foundation is a 501c3 and pays no income tax it must not according to the tax code, quote, attempt to influence legislation as a substantial part of its activities, or participate in any campaign activity for or against any political candidate. interpretation of that code is very complex. some in congress are reportedly now interested in holding hearings to examine media matters tax exempt status including charles grassley. grassley told the dal...
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