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Detailed text transcripts for TV channel - MSNBC - 20130523:05:03:00

between the words exclusively and primarily in this context and how changing those words was indeed an irs scandal. a scandal that happened in 1959. section 501(c)4 of the internal revenue code that defines social welfare organizations for tax exempt purposes defines them this way. civic leagues or organizations not organized for profit but operated exclusively for the promotion of social welfare. then the irs code does a magic trick and changes the meaning of the word exclusively. to be operated exclusively to promote social welfare, an organization must operate primarily to further the common good and general welfare of the people of the community. it was in 1959 that the irs on its own added the notion that

Internal revenue code1959 sectionSocial welfare organizationsSocial welfareMagic trickCommon good

Detailed text transcripts for TV channel - MSNBC - 20130523:02:03:00

Detailed text transcripts for TV channel - MSNBC - 20130523:02:03:00
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Internal revenue code1959 sectionSocial welfare organizationsSocial welfareMagic trick

Detailed text transcripts for TV channel - FOXNEWS - 20130520:17:17:00

that is something you hope never would happen. we are waiting the start of the white house press briefing and expecting more tough questions for press secretary jay carney on the scandal targeting the white house. and this is as many law makers are floating a new way to solve the irs controversy. they think the solution is to crack down on the very types of social welfare groups, in this case conservative social welfare groups that found themselves to be targeted by the irs in the first place. as you know, there is a very thin line and maybe we must pass a law that makes it much clearer that the so- called social welfare organizations must make their proprietaries promoting

White houseJay carneyPress briefingLaw makersThreeers agoSocial welfare groupsSocial welfare organizationsProprietaries promoting social welfare

Transcripts for CNN CNN Newsroom 20130518 17:14:00

a partisan manner and cannot be affiliated with any political party. so sheila creme l is the director for the center of responsive politics and she s joining us, the group that tracks money in politics and its effects on elections. is this an issue of finding those who are manipulating the tax code? what s wrong with it or is it the method that was chosen here? i think we have a serious concern about 501 social welfare organizations and other organizations that are trying to have their cake and eat it too. they are sometimes trying to masquerade as social welfare organizations while being largely, if not in some cases primarily, political in their activities. so we have an enormous issue to deal with. first we need to grapple with

Mo neyTax codeSocial welfare organizations

Transcripts for CNN CNN Newsroom 20130518 17:16:00

so much flak over this? resignations, hearings, et cetera? we have to grapple with what s just happened and there has to be consequences. it was a serious infraction on the part of these agents and their managers including those in washington, d.c. not just in the cincinnati office. there should be consequences and this will be an investigation that continues for weeks, if not months, and if some have their way, through the midterm or presidential election cycle. but we need to deal with this, but we can t lose sight of the fact that there s a larger pressing issue that hundreds of millions of dollars were being spent by these so-called social welfare organizations and those are the really concerning ones on both sides of the aisle. sheila, thank you for being with us, appreciate it. my pleasure, thank you. there are lines, crowds, and there s a lot of heat. you know what i m talking about.

Washington dcEt ceteraSocial welfare organizations