Pelosi: IRS Scandal "An Opportunity" To Scrutinize 501(c)(4)s And "Overturn Citizens United"

|

REP. NANCY PELOSI (D-CA): Well, I think it's an opportunity. Let me say it this way, if, in fact, the IRS was targeting people because of their title, that would be wrong. It should be condemned. The whole idea, of 501(c)(4)s being engaged in politics is something we've got to put in a spotlight and maybe this is that opportunity.

The fact is that the law says that as long as the funds, the 501(c)(4)s do not use as the primary purpose politics but instead promoting social well being, welfare. Well, that's what primary purpose means, could be the secondary purpose. And here's what I'm calling for: As we look at this and we should, and I think it's very wrong that they would have targeted them, we should be saying what are these groups? Let's have transparency, disclosure. Who are these contributors, a.? B., Let's have accountability for what it is. This is a very vague law, let's bring a clear definition of what a 501(c)(4) -- is that somebody could give them money and they don't have to pay taxes on it.

We need accountability at the IRS, of course, as to how this happened. But we've really got to overturn Citizens United which has exacerbated the situation. So I've called for DISCLOSE, that's a dare, disclose… I've been calling for it for over a year, disclose, who are these people? Transparency, amend the constitution to overturn Citizens United, reform the political system, let's take money down as far as possible. Public financing of campaigns, clean campaigns and empowerment of people because people feel very left out of the loop. But I do think that some scrutiny has to be placed on what these 501(c)(4)s are. (All In With Chris Hayes, May 13, 2013)

Comment
Show commentsHide Comments

Latest Political Videos

Video Archives