Page 5 - 501c4 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Received but the individuals who give money do not get a tax deduction. that's important because this is a category, not a charity for the most part. 501c4's were targeted because they wanted to be advocacy groups. >> neil: you're right. they're individuals and pay taxes. let me ask about where the administration is going with its own investigation. the argument was it was going to get to the bottom of what happened here. the targeted groups, out of cincinnati, washington, whether it involved lois lerner, and then i'm hearing they couldn't name the investigator, couldn't cite his progress and ...

Is even more strict than imaginable. those that circulated memos to clients. my favorite thing is somebody who contributes money to a governor, a governor running for something else who has a current contract with the state-run organization has to complete that contract and not get any pay for that. i like that. wall street guys don't like that although all. they're very much aware of it. and my guess is he would resign if he decides to run, he would resign if he had to, but you know me. i made a career saying campaign finance reform doesn't work. there's a way to get out of this. get all of t...

>> i have. what did they do wrong jie. they are a 501c4. we looked for them. we can't find them. they are not on the application form where they should be. they were started by the former governor of montana, and he wants to run for the u.s. senate. apparently political money was channeled from these pack into this organization. it was almost an entirely political organization. they are only supposed to spend 40%. that's the example. this is 2011. >> 2011 and when did you go check to see if they were there? >> recently. they are not there. >> because they are not there today means they weren't...

Panels, and that hasn't stuck. so i think in an act of desperation to undermine the law they are trying to link the irs tax-exempt issue with the irs department trying to link obama care. there is no proof this department did anything wrong and i think in doing all of this, and prompting another investigation, they are going to destroy any credibility they had left on this irs issue. >> we know the irs will hire additional people with the implementation of the obama care. i believe 6 million americans next year, low income americans that ne need to help and make sure credits are administered. ...

I thought okay, i will use patriot. and i would see tp patriots." richard wolffe, that's from a guy whose job it is to evaluate how much politics your 501c4 is going to engage in. that strikes me as a perfectly reasonable search term. >> especially because they weren't targeting them for their politics. they were targeting them because they were pretending to be educational institution that's were eligible for tax-free status when they were really political groups. and of course in this period what were the largest number of new political groups coming up but of course the tea party groups. yo...