Kochs win a dark money victory in the House

Surprise, surprise!

With Koch money a key factor in the election of a Republican majority in the House of Representatives, the beneficiaries voted to reward their masters.

From teleSUR English:

The Republican-controlled U.S. House of Representatives voted on Tuesday to protect the identities of wealthy individuals and others who make anonymous, or “dark money,” donations to politically active nonprofit groups.

The measure, which drew lobbying support from billionaire industrialists Charles and David Koch, was approved in a 240-180 vote along party lines. It would prohibit the Internal Revenue Service from collecting the names and addresses of donors who contribute US$5,000 or more to 501(c) organizations, a name that refers to the tax code section that covers them. The action sends the bill along to the Senate.

Although the measure would apply to all 501(c) tax-exempt groups, such as universities, hospitals and charities, politically active nonprofits are the intended beneficiaries.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s