Now comes word that donors to the Democratic convention in Philadelphia dried up because they cannot write their donations off as a charitable donation.
From the Philadelphia Inquirer:
The IRS has turned down the long-running effort by the Democratic convention's Philadelphia host committee to win a tax exemption.
Word of the decision, a setback for efforts to raise the last of the $60 million needed to help pay for the July 25 to 28 convention, came Friday from its adviser, David L. Cohen.
When the decision came -- and why -- is less clear. Cohen would say only that the IRS "recently" turned down the application for tax-exempt status under section 501(c)3 of the tax code, which the committee had sought for more than a year.
Cohen, senior executive vice president of Comcast Corp., said the IRS viewed some of the committee's work as too much like political activity to win 501(c)3 status. He declined to release the IRS letter notifying the committee, focusing instead on efforts to appeal the decision.
"Right now the host committee is a c3 in waiting," Cohen said Friday. "We are continuing to pursue the c3 but we cannot afford to continue to wait."
The committee has come up with a Plan B that involves the Philadelphia Convention and Visitors Bureau Foundation.
Without the IRS exemption, individual donors cannot claim a tax deduction for their donations. Cohen said earlier Friday that two donors wanted their money back because they could not count on a deduction.Why would we give tax write-offs for political donations?
If we are threatening preachers with stripping their church of tax exemption if they politick from the pulpit, why should a political convention be tax-exempt?
Oddly enough, Republicans got their exemption.
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