Thursday, November 3, 2022

Defrocking the Republican Party

All political parties in the United States are corporations. The law governing them is mainly concerned with how they generate revenue and how they account for it such that it is exempt from taxation. That narrow scope is part of the problem.

Political organizations must be accountable and liable for what they say and for the candidates and management members bearing their political brand.

  1. First, they must tell the truth, backed and defended by facts.
  2. Second, the individuals bearing their brand must be vetted regarding their resumes and character.
  3. Third, the parties must swear an oath of allegiance to the U.S. Consitution and the rule of law.

I submit that the Republican Party has failed on three counts and can debate that. If readers wish to discuss the status of the Democratic Party, I will also engage that.

The political history of the U.S. is complete, with many examples where political parties had to reconstruct themselves. Now, is another such moment. Please read my book: How to Select an American President: https://capture.dropbox.com/Ch2kMgYVk225dAtN.

"Political parties; campaign committees for candidates for federal, state or local office; and political action committees are all political organizations under IRC § 527. Among other requirements, most tax-exempt political organizations must file periodic reports on Form 8872 with the IRS."

Internal Revenue Service

https://www.irs.gov/charities-non-profits/political-organizations


If you want the details, 26 U.S. Code § 527 - Political organizations are explained by the Cornell Legal Institute: https://www.law.cornell.edu/uscode/text/26/527

"What is 'Exempt Function"? IRC 527(e)(2) defines 'exempt function' as 'the function of influencing or attempting to influence the selection, nomination, election, or appointment of any individual to any Federal, State, or local public office or office in a political organization, or the election of Presidential or Vice-Presidential electors, whether or not such individual electors are selected, nominated, elected, or appointed.'"

https://www.irs.gov/pub/irs-tege/eotopici89.pdf




No comments:

Post a Comment