As Americans Argue Over Russia, US Gov’t Quietly Allows ‘Dark Money’ Groups to Keep Donors Secret

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As Americans Argue Over Russia, US Gov’t Quietly Allows ‘Dark Money’ Groups to Keep Donors Secret – Free Thought Project

The U.S. government will no longer force “dark-money” groups or certain tax-exempt organizations to disclose their financial donors.

 

 

While politicians and mainstream media outlets obsess over President Trump’s recent press conference with Russian President Putin, the United State Treasury quietly announced that it will no longer force “dark-money” groups or certain tax-exempt organizations to disclose their financial donors.

While traditional charity groups must still disclose donors in order to receive tax-exempt donations, the change allows labor unions, nonprofits and issue advocacy groups to be free from being forced to adhere to confidential disclosure requirements.




In a statement praising the new rule, U.S. Treasury Secretary Steven Mnuchin said, “Americans shouldn’t be required to send the IRS information that it doesn’t need to effectively enforce our tax laws, and the IRS simply does not need tax returns with donor names and addresses to do its job in this area.”

Mnuchin attempted to paint the shift as a good thing by claiming that “it is important to emphasize that this change will in no way limit transparency.”

Senate Majority Leader Mitch McConnell insisted that the new rules will keep Americans from being “bullied for exercising their First Amendment rights,” alleging that individuals could be fired from their jobs or bullied if their political donations are made public.

 

Read the rest of this article at: As Americans Argue Over Russia, US Gov’t Quietly Allows ‘Dark Money’ Groups to Keep Donors Secret

 

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