From the White House
AP: When did you first learn that the IRS was targeting conservative political groups? Do you feel that the IRS has betrayed the public’s trust? And what do you think the repercussions for these actions should be? <snip>
PRESIDENT OBAMA: Well, let me take the IRS situation first. I first learned about it from the same news reports that I think most people learned about this. I think it was on Friday. And this is pretty straightforward.
From... Read the full story »
Certain things, like the sun rising, or the tides shifting, can be counted on. It’s also true that when government shrinks as a share of GDP, things start to pick up.
For the past three years, gridlock in Washington has held total spending by the federal government basically flat. This means federal spending has fallen from more than 25% of GDP to 22%, creating more room for the private sector.
Contrary to popular Keynesian thinking, this means entrepreneurship will have a more pronounced,... Read the full story »
David Morrison of the (shadowy) Illinois Campaign for Political Reform laments that the IRS is not aggressive enough in attacking political speech
It’s in this context that the IRS began to investigate 501(c)(4) applicants that appeared to tilt conservative. If the IRS was applying special scrutiny to groups based on their apparent political bent, that action was categorically wrong. No group should be denied a government benefit, like a nonprofit tax status, based on its political beliefs.
But... Read the full story »