Crackdown on political activity by tax-exempt groups

Crackdown on political activity by tax-exempt groups

The Obama administration Tuesday launched a bid to rein in the use of tax-exempt groups for political campaigning. The effort is an attempt to reduce the role of loosely regulated big-money political outfits like GOP political guru Karl Rove’s Crossroads GPS and the pro-Obama Priorities USA. The Internal Revenue Service and the Treasury Department said […]

Law doesn’t prevent cozy relationships between campaigns, Super PACs

Law doesn’t prevent cozy relationships between campaigns, Super PACs

Looks like President Barack Obama’s allies got the hint. An independent group with deep ties to the president’s re-election campaign launched a television ad Tuesday hitting Mitt Romney‘s business practices at Bain Capital, just 24 hours after Obama’s team debuted its own ad attacking the Republican presidential candidate’s work at the private equity firm. By […]