New Orleans It can’t be a surprise that the Republican, rightwing majority in the Roberts’ Supreme Court looked for a minute at the law and a long time at the galloping growth of the rich and advancing inequality, and decided to follow the money. In a 5-4 decision the Supremes voted to unleash some of …
Category: DC Politics
Proposed IRS Rules on C4s a Mixed Bag Likely to See Lobbying from Right and Left
New Orleans The IRS announced that it is proposing clearer rules to regulate the “social welfare” practices of C4 tax exempt nonprofits. I should start with a disclaimer. I’ve never operated a c4 organization, though I recognize the fact that they have recently become the rage, largely among lawyers and CPAs I would argue, but …
How Much Puff versus Pay in Proposed JP Morgan Chase Settlement?
New Orleans My goodness, hysteria has broken out among the financial chattering class with the news of a $13 billion proposed settlement between JP Morgan Chase and the Justice Department and Federal Housing Finance Agency over the bank’s handling of the mortgage crisis. The lead editorial in the Wall Street Journal claimed variously that parts …