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Presidential Race

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What to Expect at the IRS Hearings

The "social welfare" mission for tax-exempt nonprofit groups certainly covers issues about government spending, government debt, federal taxes, "how the government is run," the Bill of Rights and the Constitution.Those educational efforts are within the letter of the tax law and the IRS code, tax pros say.So why did the IRS zero in on nonprofit applicants with the words "Tea Party" or "patriot" in their names for doing just that, rejecting their tax-exempt status for educating the public on issues that affect all taxpayers? Why did the IRS start applying a new political test in January 2012, according to the Washington Post , for these "social welfare" groups that apply for tax-exempt status?Did the IRS also do a deep dive of left wing groups with the words "progressive" or "move on" in their names, as Rep. Daryl Issa (R-Calif.) asks?"Unfortunately, it appears as though the IRS looked only at conservative groups applying for the exemption, an inexcusable mistake," The New York Times no...

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  1. Looking Back at the Presidential Race

    The Weekly Standard Senior Writer Stephen Hayes and Lanny Davis, Former Special Counsel to Bill Clinton, on the Presidential election.

  2. Oil Rebounds 1% After Plunge

    Oil rose towards $108 a barrel on Thursday as buyers responded to a slump of almost 4 percent the previous session, the biggest fall in a year, although worries over...

  3. What Worked in Obama’s Campaign Strategy?

    “The Amateur” author Ed Klein and Brad Blakeman, former Deputy Assistant to President George W. Bush, on the factors in the Presidential race that led to Obama’s re-election.

  4. Does Obama’s Re-Election Solidify Health-Care Law’s Future?

    Virginia Attorney General Ken Cuccinelli on the Presidential election and the challenges to the health-care law.

  5. Did Auto Bailout Win Ohio for Obama?

    AutoNation CEO Mike Jackson on the company’s growth and auto bailout’s impact on the election.

  6. Is Gold Set to Benefit from Obama's Re-Election?

    After months of record costing political rhetoric and spin, the election hype can now start to wane. On Tuesday, the Electoral College re-elected President Barack Ob...

  7. Virginia a Battleground Until the End

    FBN’s Ashley Webster on the battle for the Virginia Senate seat.

  8. Pres. Obama Defeats Mitt Romney

    FBN’s Diane Macedo breaks down the stories moving the markets around the world.

  9. OIL FUTURES: Crude Trades Lower After Tuesday Gains, Obama Win

    Oil futures ticked lower Wednesday, consolidating after the previous day's sharp gains when Brent touched its highest level in three weeks.PVM, in a report, said the...

  10. Factbox: Quotes from the 2012 election

    Americans re-elected Democratic President Barack Obama on Tuesday after a tightly contested race against Republican Mitt Romney. Below are some comments made by cand...

  11. Futures slip as election results trickle in

    U.S. stock index futures fell late on Tuesday, as results in the presidential race trickled in.S&P 500 futures fell 13.2 points and were below fair value, a formula ...

  12. Stock Futures Slide

    U.S. stock-index futures fell Wednesday as traders digested the re-election of Barack Obama as president. Dow futures slumped 110 points to 13090, S&P 500 futures sl...

  1. Rep. Schiff: Reducing Debt and Deficit NOT an Economic Plan

    Rep. Adam Schiff, (D-Calif.), on producing a 'balanced' budget plan.

  2. Push for Union Labor Hurting Superstorm Sandy Cleanup in NJ?

    Americans for Prosperity NJ Director Steve Lonegan on the push for union workers to get the construction and rebuilding jobs for Superstorm Sandy cleanup.

  3. Ron Paul: I Don’t Find Optimism in Washington

    Former Rep. Ron Paul, (R-Texas), on what needs to change in Washington’s political climate.

  4. Countdown to Closing 2012

    FBN’s Liz Claman looks back on the show’s big guests and news stories from 2012.

  5. Where to Invest Despite Fiscal Cliff Concerns

    TrimTabs Investment Research CEO Charles Biderman and S&P Equity Research Chief Investment Strategist Sam Stovall on the potential fiscal cliff’s impact on the markets and investors’ strategies.

  6. Where Was the Tea Party?

    Tea Party Patriots co-founder Mark Meckler defends the Tea Party’s absence from the 2012 presidential race .

  7. Small Business Isn't Cheered Up

    2012 was a tumultuous year for small business owners. A new survey shows how a tough hard times weigh on hiring and payrolls.

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