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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: puborectalis who wrote (715916)	5/17/2013 2:03:24 AM
From: i-node	2 Recommendations Respond to of 1583656

"In 1959, under the administration of Dwight Eisenhower, the meaning of this section was changed dramatically when the IRS decided the word “exclusively” could, in effect, be read as “primarily.”" Oh, so NOW the IRS doesn't listen to the president, but in 1959 they did? Is that how it works? One of the reasons you people stay so uninformed is that you get your news from Lawrence O'Donnel. Regulations promulgated under the Internal Revenue Code often have to provide considerable flexibility in the implementation. The Regulations §1.501(c)(4)-1(a)(2)(ii) had to accommodate 501(c)(4) as a kind of "catch all" category for entities that are essentially "social welfare" organizations or certain UNIONS, and some reasonable lobbying expenditures can't very well be disqualifying. You can't simply "fix" this. You have to rewrite all of §501(c) and all the regulations thereunder and restructure them (and perhaps add new types of exempt organizations), plus provide for transition rules for the substantial number of significant organizations under 501(c)(4) and some other subsections. This is, of course, only a problem because O'Donnel and others want to change the subject -- from the scandal to, "Well, it shouldn't be that way anyhow." It isn't going to work. You people are such hypocrites. As long as you're getting your ways, anything goes. But when it starts to work against you, you're just two-faced as you can be.