The top U.S. House committee charged with tax law and oversight has launched a formal investigation into the U.S. Chamber of Commerce and its affiliated foundation, Breitbart News has learned exclusively.
Smith opens the letter, also obtained exclusively by Breitbart News ahead of its public release, by detailing efforts his committee has undertaken this Congress to investigate “the growth of the tax-exempt sector established under Section 501 of the Internal Revenue Code.” “The public reports at issue indicate that the USCCF has received over $12 million in funding from the Tides Foundation, a left-leaning organization that partners with and sponsors groups that advocate for policies that would harm the American business community,” Smith writes, with a footnote citing the Breitbart News exclusive from late March.
“According to the Tides Foundation’s website, they work with ‘foundations who share our vision’ and help their foundation partners ‘ollaborate with like-minded funders to fuel social movements and transform policy,’” Smith writes. “The Tides Foundation says that their vision is ‘that a just and equitable future can exist only when communities who have been historically denied power have the social, political, and economic power they need to create it.
As a tax-exempt organization with the stated mission of advocating “for policies that help businesses create jobs and grow our economy” that has a related foundation, what exactly are taxpayers getting in return for the U.S. Chamber of Commerce Foundation’s tax-exempt status?
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: NBCLA - 🏆 319. / 59 Read more »
Source: ABC7 - 🏆 67. / 68 Read more »
Source: NBCNewsHealth - 🏆 707. / 51 Read more »
Source: politico - 🏆 381. / 59 Read more »
Source: PennLive - 🏆 463. / 53 Read more »
Source: adndotcom - 🏆 293. / 63 Read more »