Treasury’s proposal to govern political activity of 501(c)(4) groups is a direct attack on the tea party. It provides the IRS with a tool to target conservative non-profits. The regulation would require conservative non-profits to prove their work is for social-welfare purposes. And if not, the government can revoke a tea party group’s non-profit status because it deems their work to be “political” activity. Just in time for the 2014 elections. The last time I checked, educating the public about the Marxist in the White House and his social welfare programs is not political, it’s common sense. Kimberley A. Strassel puts it best here:
The political insult is that President Obama is using his new targeting rule to wiggle out of liability for the last round. The same president who in May was “outraged” by the IRS’s actions now says it was all just some confusion over tax law (which his new rule fixes). He told Chris Matthews last week that the media had hyped what was a few poor IRS souls in Cincinnati who were “trying to streamline what is a difficult law to interpret . . . And they’ve got a list, and suddenly everybody’s outraged.”Everybody was outraged to discover the IRS was secretly targeting the president’s political opponents. They might be more outraged that the White House is now using the IRS to do the same thing in the brazen light of day.
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E.J. Smith - Your Survival Guy
Preparing your investments and family for when disaster strikes.
E.J. Smith is Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention. E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at email@example.com. Sign up here to receive all the best content from Richardcyoung.com each week.