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CNN The Situation Room May 16, 2013 22:07:00 - Vimarsana News

CNN The Situation Room May 16, 2013 22:07:00

Tax-exempt status. max baucus is investigating wrongdoing. in 2010, he was one of several senior democrats who pressured the irs for more scrutiny. in this 2012 letter signed by chuck shumer and others, singled out karl rove's group. karl rove is a senior official behind a 501-c-4 charity. his organization exists to elect and defeat specific political candidates, the senators wrote. crossroads spent tens of millions to defeat democrats. the top democrat on the committee holding tomorrow's hearing said he's concerned it will evolve into a partisan show instead of a fact-finding mission and whil...

Detailed text transcripts for TV channel - MSNBC - 20130516:15:35:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20130516:15:35:00

Word obama is in it. and i think the right has been focused on reminding its base over and over and over that what they're in washington to do is to get at barack obama. only a third of the people that were targeted by the irs, there were democratic groups that had their review of their 501(c)4 takes time and some of them got their c-4 continues. there's a focus and it's all about one person, barack obama. they're able to convene the scandal culture in washington. let's face it. a lot of people in washington don't have a close relationship. there are a lot of people on capitol hill in both par...

Detailed text transcripts for TV channel - MSNBC - 20130515:19:15:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20130515:19:15:00

Association, et cetera. the 501 c-4 is a specific nonprofit known as social welfare groups think civic leagues and local volunteer fire departments which according to the irs function merely for the purpose of betterment and social improvements. unlike their cousins, however, c-4s may engage some some political activities, this is according to the irs, so long as that is not their primary activity. it's a marquee definition that's given c-4s a whole lot of wiggle room to play politicses. c-4s are attractive because they're tax exempt and mostly because they allow donors to remain anonymous. th...

Detailed text transcripts for TV channel - MSNBC - 20130515:19:04:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20130515:19:04:00

Political groups should be getting social welfare designation understand the 501 c-4 provision. these of basically election groups. they should be under the tax code and if they were, then they'd have to disclose their donors. so if the irs had done this right in the first place, they wouldn't have nationed the question of targeting any particular political group. they just should have said, no, these groups shouldn't have been under this particular provision. >> i totally agree with you 100%, there needs to be increased scrutiny of all of these c-4 groups and we're going to get into that a bi...

Detailed text transcripts for TV channel - FOXNEWS - 20130514:10:32:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20130514:10:32:00

>>gretchen: it is 6:31, almost 6:32 on the east coast. another huge story today. that has to do with i.r.s. and the looking into conservative groups trying to get 501-c-4 status. these inquiries came out of the cincinnati, midwest office of the i.r.s. but could it have been those underlings been the ones who directed the i.r.s. now it turns out it maybe washington or probably are most likely washington connections to this. what should be the end result? should the person in charge of the i.r.s. now step down from position? it is now occurring to many people he's known since 2012 this was going...