Internal Revenue Service

Jul 10, 2012

HP, Deere, CVS, MillerCoors, BestBuy Exit Controversial ALEC

Five more companies, including Hewlett-Packard Co. (NYSE: HPQ), the No. 1 computer maker, have left the controversial American Legislative Exchange Council (ALEC) since the Feb. 26 killing of Trayvon Martin, 17, in Sanford, Fla. ALEC is a Washington, D.C.-based group that lobbies for laws in state legislatures, including the “stand your ground” law. George Zimmerman, [...]

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Jun 12, 2012

IRS Denial of Tax Exemption to U.S. Political Group Spurs Alarms

An Internal Revenue Service decision revoking the tax-exempt status of a small political nonprofit organization may foreshadow an investigation into groups such as Crossroads GPS and Priorities USA that spend millions on the 2012 U.S. presidential election. At risk would be the groups’ nonprofit status, which lets them collect millions of dollars from individuals and [...]

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