Daily Archives: July 7, 2012

Why are the Koch Brothers Betting on Mitt Romney?

David Koch is hosting a fundraiser for millionaire Mitt Romney at his Hamptons estate this weekend. What do they want in return for all this fundraising?

DNC Video "Why are the Koch Brothers Betting on Mitt Romney?" 

Truthout: ALEC Accused of Violating Its Tax-Exempt Status; Will the IRS Take Action?

-By Jason Leopold

July 5, 2012- Will the Internal Revenue Service (IRS) launch an investigation into the American Legislative Exchange Council (ALEC), the corporate-backed "nonpartisan" "stealth business lobbyist" group that has been accused of flouting civil and criminal tax laws?

That's the obvious question to ask after a prominent Washington, DC-based tax attorney, acting at the behest of one of his clients, sent the IRS a 30-page complaint two weeks ago, following a months-long exhaustive study of ALEC's tax filings, expenditures and public reports about its political activities. The study contained dozens of new examples of how ALEC, whose board is made up entirely of Republican lawmakers, has violated its tax-exempt status.

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