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The Internal Revenue Service (IRS) is reportedly looking to get more information and data about Americans’ financial activities from banks in order to crack down on tax dodgersand potentially recover billions in lost revenue. Florida Bankers Association CEO Alex Sanchez joined FOX Business’ “Mornings with Maria” and said this move would “kill our community banks” and hurt small businesses. ALEX SANCHEZ: Let me just simply say this will kill our community banks and hurt our regional banks in our country who are the main providers of capital for small businesses. While community banks only have 20% of market share, they give 50% of small business loans in our entrepreneurial society to small businesses where half of Americans work. Having every [American’s] data sent ...
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Democrat Leader Elijah Cummings Could Face Up to Five Years in Prison for Illegal Attacks on True the Vote– Last April House Oversight Chairman Darrell Issa (R-CA) released a reportimplicating Democrat Rep. Elijah Cummings (D-MD) in colluding with the IRSand Lois Lerner against the nonpartisan voters rights group “True the Vote.” Catherine Engelbrecht, the founder of “True the Vote,” testified before Congress in February. She was targeted by FBI, IRS, ATF, and OSHA after she filed for tax exempt status for her voters rights group. Engelbrecht said this during her testimony before Congress and Cummings, “Frankly, to sit before my accuser and be silent in the face of what he did was unconscionable.” This week the House Oversight Committee released more emails that prove the IRS was feeding R...
By LAUREN FRENCH | 3/3/14 5:05 AM EST Will a record-breaking amount of criticism force the Obama administration’s hand to soften proposed new rules for political nonprofits? Opponents sure hope so. Three months after the administration unveiled a controversial new rule for 501(c)(4) nonprofits, both liberal and conservatives groups are hoping a record amount of comments and a deluge of attention from Capitol Hill will persuade the Internal Revenue Service to at least pare back the proposals before finalizing the new rule. “No one thinks the proposals are perfect. There is near unanimity among liberals and conservatives that the effort was a bit too broad,” said Stephen Spaulding, a staff counsel with the liberal advocacy group Common Cause, which is generally supportive of revamping campa...
It’s past time for the media to begin asking President Obama tough questions about the IRS conservative targeting scandal. After all he was involved, publicly, from the beginning. Last Friday, the American Center for Law and Justice (where I serve as Chief Counsel) filed its Second Amended Complaint against the United States, the IRS, and a legion of IRS officials. This Complaint, in which we represent 41 organizations in 22 states, presents perhaps the most complete story yet of the IRS conservative targeting scandal. And it is an ugly story indeed. What was sold to the American public as a low-level scandal perpetrated by a few rogue employees – a scandal stopped after senior officials became aware and asserted control – is now (to borrow a Watergate phrase) “no longer operative.” Read...
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