Tuesday, May 21, 2013

An update on congressional response to IRS scandal

For perusal in class tomorrow:

- The Senate Finance Committee questions the former and current commissioners of the IRS.
- Senate Majority Leader Harry Reid wants Congress to crack down on political groups posing as social welfare organizations.
- The scandal might revive the DISCLOSE Act - (Democracy Is Strengthened by Casting Light On Spending in Elections), which could take the decision about what is and is not a social welfare organization from the IRS.
- House Republicans say they will not over reach on investigations.
- House Minority Leader says IRS scandal proves need to reverse Citizens United decision.
- Treasury Secretary testifies before Senate Banking Committee that he knew of the IRS investigation in March.