Whitehouse, Chu Introduce Bill Ending Billionaires' Tax-Free Giveaways to Dark Money Groups
February 06, 2024
February 06, 2024
WASHINGTON, Feb. 6 -- Sen. Sheldon Whitehouse, D-Rhode Island, issued the following news release:
U.S. Senator Sheldon Whitehouse (D-RI) and Representative Judy Chu (D-CA) 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 billionaire dark money into the American politi . . .
U.S. Senator Sheldon Whitehouse (D-RI) and Representative Judy Chu (D-CA) 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 billionaire dark money into the American politi . . .