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House IRS Hearing; Immigration; Corporate Political Money

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Due Diligence

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Chapter 1:  House Ways and Means Holds Hearing Into IRS Scandal

House Ways and Means held their first hearing, earlier today into last week's revelations that the IRS had unduly applied stricter scrutiny when reviewing and granting 501(c)4 applications from conservative groups. Steve Miller the Acting IRS Commissioner who was ousted on Wednesday and the Treasury Department’s Inspector General for Tax Administration Russell George were grilled by House members for hours. Our reporter Dmitriy Shapiro gives us the latest.

Chapter 2:   House Group Agrees to Immigration Reform Framework

A group in the House has come up with the basic framework for an immigration reform proposal, giving further negotiations a base to work off of. Meanwhile, the Senate Judiciary Committee has been working through 300 amendments in the markup of their own bill. We get an update from Peggy Orchowski, Congressional Correspondent for Hispanic Outlook and author of Immigration and the American Dream: Battling the Political Hype and Hysteria.

Chapter 3:  Groups Push to SEC to Require Corporations to List Political Donations

Following the IRS targeting conservative groups applying for tax exempt status, new attention is being placed on supposedly non-political groups engaging in political activities. In the case of the IRS, the question is the tax status of so-called social welfare organizations designated as 501c4’s. But the Securities and Exchange Commission is now considering a petition that they force companies to disclose their political contributions. SEC officials have said they are not currently seriously considering a rule, but a number of groups are renewing the call such as Public Citizen. We talk to Lisa Gilbert, Director of Public Citizen’s Congress Watch Division.

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