House Republicans are supporting multiple provisions that could reconfigure campaign-finance rules ahead of next year’s midterm elections. One provision that garnered a lot of attention is a measure that would allow churches to contribute to candidates without fear of losing their tax-exempt status. Other deregulatory measures include preventing the IRS from implementing regulations that would affect 501(C)(4) nonprofits and publicly traded corporations. These measures are likely to not make it pass the senate, however could be used as negotiation tools in the future spending battle.
Copyright © Americans for a Balanced Budget © 2022. All rights reserved. PO Box 104 / 1220 L Street NW / Suite 100-104 / Washington, DC 20005 / Office: (202) 506-5320