Rep. Chu, Sen. Whitehouse Introduce Legislation Ending Billionaires' Tax-Free Giveaways to Dark Money Groups
February 06, 2024
February 06, 2024
WASHINGTON, Feb. 6 -- Rep. Judy Chu, D-California, issued the following news release:
Rep. Judy Chu (CA-28) and Sen. Sheldon Whitehouse (RI) today introduced the End Tax Breaks for Dark Money Act, legislation to close a loophole in the tax code that allows billionaires to avoid capital gains taxes on appreciated assets donated to dark money organizations, a tactic that has been increasingly used to funnel dark money into the American political system.
"Thanks to th . . .
Rep. Judy Chu (CA-28) and Sen. Sheldon Whitehouse (RI) today introduced the End Tax Breaks for Dark Money Act, legislation to close a loophole in the tax code that allows billionaires to avoid capital gains taxes on appreciated assets donated to dark money organizations, a tactic that has been increasingly used to funnel dark money into the American political system.
"Thanks to th . . .