July 19, 2018

New IRS Policy

We're officially on Insta! Did I throw on a blazer at 5 am for all you lovely people? You bet I did!

as part of their annual return.” This information is currently provided to the IRS but not disclosed to the public. (US Treasury)

“Charities that mainly receive tax-deductible contributions and political organizations will still have to provide in their annual returns the names and addresses of their donors giving at least $5,000. But

See past issues

The left is concerned that the new policy “will allow politically active nonprofits to pour anonymous ‘dark money’ into elections with even less government oversight than they already face.”

OpenSecrets

According to the Campaign Legal Center, “The requirement that 501(c)(4)s report their top donors to the IRS was one of the few ways that the government could identify illegal foreign money in elections... Now that this requirement has been tossed aside, dark money will be much harder to trace.”

Vox

“The IRS announced the rules change Monday evening. Earlier that day, Trump railed against special counsel Robert Mueller's investigation of Russia's cryptocurrency-financed effort to disrupt the 2016 presidential race, and the FBI arrested a Russian national who allegedly used the NRA to build ties among conservatives and Republicans.”

NPR

An Alabama Doctor writes that one of her patients “was 22 weeks pregnant and had a condition called preeclampsia, which is when high blood pressure puts the health of the mother and baby at risk and can result in death. The only option in that situation was to immediately deliver. The patient understood the high stakes and instead decided to end her pregnancy. But it took time (which we did not have) to convince the hospital and other physicians that this was the correct course of action because of the already hostile climate for abortion… I fear what could happen to women in this situation if the [new] law and its criminal penalties go into effect. Physicians will hesitate in how to care for complex health situations -- and Alabama is already a state with an unconscionably high maternal mortality rate.”
Yashica Robinson, CNN

Regarding the deployment of an aircraft carrier and bombers, many note that the US “has a long history of provoking, instigating, or launching wars based on dubious, flimsy, or manufactured threats… The most egregious case was the U.S. invasion of Iraq, in 2003, which was based on bad intelligence that Baghdad had active weapons-of-mass-destruction programs. The repercussions are still playing out sixteen years (and more than four thousand American deaths) later… The sense of foreboding is tangible.”
Robin Wright, The New Yorker

Trump's “goal, it seems, is to put so much pressure on Tehran that it has no choice but to completely change its behavior — but he could end up leading the countries to the brink of war in the process… Now is typically the time when cooler heads prevail, but it’s unclear if there are cooler heads around… It’s hard to overstate how avoidable this situation was.”
Alex Ward, Vox

“In theory, there’s no reason why a bad businessman can’t go on to become a good president. But a commander-in-chief whose signature legislative achievement expanded tax loopholes that he himself describes as grossly unfair is pretty much a bad president, by definition.”
Eric Levitz, New York Magazine

The right sees the policy change as a victory for privacy and free speech.

The right sees the policy change as a victory for privacy and free speech.

“Free speech, even unpopular speech, is a basic freedom that is supposed to be enjoyed by all Americans. Yesterday, that freedom became just a little bit more secure.”

RedState

“Donor names are supposed to remain private, but the government has inadvertently revealed donor lists. IRS employees also used donor-information demands as part of their harassment of Tea Party organizations during the Obama Administration. State Attorneys General have even sought to require nonprofits to release Schedule B details… with a goal of requiring public disclosure that could tee up donors for political harassment.”

Wall Street Journal

“We've got to suck it up. Indeed, we must be bold here. Chinese President Xi Jinping's tariffs escalation reflects his bet that he can spike U.S. domestic fears over the economy, and a corresponding popular pressure on Trump to back down… if we stand firm, Xi will have to back down because China's economy is already weakened by foreign investor doubts, caught between rural poverty and urban wealth, and vulnerable to low-cost labor competition from the region.”
Tom Rogan, Washington Examiner

“The broader context here is North Korea's crop crisis. If Kim hasn't got sanctions relief by August's end, a painful winter is coming… Absent Kim's commitment to suspend all ballistic missile tests, the U.S. should not support the provision of food supplies to the North Korean people. A North Korean long-range nuclear strike capability poses an existential threat to American society… Trump must not allow North Korea's coming suffering to dictate his decisions. Supporting North Korea with food will both prolong North Koreans' suffering under Kim and directly undercut U.S. interests.”
Tom Rogan, Washington Examiner

Some argue, “It stands to reason that if Kim is willing to starve his own people, deprive his economy of any growth, and pour billions of dollars into missile tech, he will, at some point, develop weapons America and its allies mastered decades ago. And short of an invasion or a diplomatic agreement, under the present circumstances, there is very little we can do to stop him… Taking a hardline approach—what many call the ‘big deal’—or only granting sanctions relief after full denuclearization and the end of Kim’s missile programs is completely impractical and something North Korea would never agree to… only a step-by-step process of disarming Pyongyang, where each side gets a benefit for making a concession, will work.”
Harry J. Kazianis, The American Conservative

Others posit that “the reason Kim is developing missiles that can strike Seattle or LA is that 28,000 U.S. troops are in South Korea… If we cannot persuade Pyongyang to give up its nuclear weapons in return for a lifting of sanctions, perhaps we should pull U.S. forces off the peninsula and let China deal with the possible acquisition of their own nuclear weapons by Japan, South Korea, and Taiwan…

“After an exhausting two weeks [between North Korea, Iran, Venezuela, and others], one is tempted to ask: How many quarrels, clashes and conflicts can even a superpower manage at one time? And is it not the time for the United States, preoccupied with so many crises, to begin asking, ‘Why is this our problem?’”
Pat Buchanan, Townhall

Counterpoint: “after the War of 1812, President Madison… enacted the Tariff of 1816 to price British textiles out of competition, so Americans would build the new factories and capture the booming U.S. market. It worked. Tariffs [also] financed Mr. Lincoln’s War. The Tariff of 1890 bears the name of Ohio Congressman and future President William McKinley, who said that a foreign manufacturer ‘has no right or claim to equality with our own… He pays no taxes. He performs no civil duties’… [A tariff’s] purpose is not just to raise revenue but to make a nation economically independent of others, and to bring its citizens to rely upon each other rather than foreign entities.”
Patrick J. Buchanan, The American Conservative

A libertarian's take

“The scoop reflects poorly on Trump, who willfully misled the public for a decade in hopes of fraudulently representing himself as a man with a Midas touch. But he could not have succeeded without the assistance of many Americans, some mercenary, others over-credulous, who helped to spread the deceit and deception, generating countless newspaper articles, magazine stories, and TV segments that misinformed the public about the publicity hound’s record in business. New evidence of his staggering losses in that decade therefore provides an apt occasion to reflect on the media’s complicity in Trump’s brazen deceit and deception… Let [this] be a lesson for today’s tabloids, gossip columnists, over-credulous or mercenary journalists, and reality-television producers.”
Conor Friedersdorf, The Atlantic

On the bright side...

Chicago is now spreading anti-ketchup propaganda on expressways.

The Takeout

Get troll-free political news.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.