All About Debts

Debt Help House Republican leaders brought forward tonight a package of tax-law changes, the Taxpayer Protection and I.R.S. Accountability Act, timed for the tax-filing season. Critics said the measure included a thinly veiled effort to create a new avenue for unlimited secret campaign donations.

While we slept, thieves in Washington illegally amended the U.S. Constitution and stole a large piece of our liberties ("House OKs Campaign Finance Bill, " Feb. 14). In direct violation of the 1st Amendment, called campaign finance reform bill was passed which will, in effect, put the politicians themselves in charge of the political process and unfairly protect incumbents.

Counseling Debt The debate began a day earlier than planned, after advocates of limiting money in politics began a series of news conferences criticizing the bill. The fight on campaign finance looked as if it would eclipse the taxpayer-friendly measures.

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Consolidation Consumer Debt In a news conference and later on the House floor, the debate centered on one element of the I.R.S. bill, a change in disclosure rules that were enacted two years ago to open up the accountability of secretive tax-exempt political groups, both liberal and conservative, that were pouring millions of dollars into campaign advertising.

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Debt Settlement The supporters of the change said the measure would eliminate unintentional double-reporting requirements created by that law, which was so broadly written that it ended up forcing candidates for state legislatures who already filed contribution reports to states to report to the Internal Revenue Service, as well. The bill would end federal reporting requirements for groups that participate just in state and local elections and that already face "substantially similar" reporting requirements at the state or local level.

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Debt Free "Our goal here is a sincere effort to correct our mistake," said Representative Kevin Brady, the Texas Republican who is a sponsor of the new campaign provision, said in an interview.

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Consolidation Debt Service Many proponents of limiting money and politics said the measure was so vaguely written that it would create a new loophole to allow large unlimited donations to flow into such groups without any disclosure. Those proponents noted that the effort was made just after President Bush had signed a broad campaign finance law that would stop the national parties from accepting such soft money donations after the November elections.

Company Consolidation Debt "Have no illusions about what's going to be attempted in the United States House of Representatives," said Senator John McCain, the Arizona Republican who was a lead sponsor of the new campaign finance law. "It will be one of the first of many, many attempts to water down campaign finance reform, so that huge amounts of soft money can get back into American political campaigns."

Consolidation Debt Online The House had originally planned the debate and vote for Wednesday on the package of I.R.S. measures under special rules that would allow one up or down vote, with no amendments, on the whole package and would require a two-thirds vote of the House for the bill to pass. Republicans wanted to showcase how they were helping taxpayers.

Consolidation Debt Free Aides in both parties had originally said they expected the measure to pass despite the campaign finance dispute because it was so full of popular provisions like one that would allow the government to waive penalties against taxpayers who make unintentional minor changes in their taxes. The bill would also reduce interest and penalties charged to someone who receives a refund because of an I.R.S. error.

Debt Problem "It's very difficult to get people to vote against a taxpayers' bill of rights on April 15," conceded Representative Lloyd Doggett, a Texas Democrat who was a sponsor of the original disclosure law.

Credit Debt But as the debate began tonight and the vote was set for Wednesday, no one was sure whether the measure would survive. "We're going to defeat this," said Representative Charles B. Rangel, Democrat of New York, who said the campaign measure should have been omitted.

Advice Debt Republicans made clear that they would try to use a vote against the taxpayers' legislation as a campaign issue. "Everybody has to sooner or later answer for their votes," said Representative Dick Armey of Texas, the House majority leader.

Card Credit Debt Eliminate Just how the campaign provision ended up in an I.R.S. measure says much about how creative groups have become at circumventing campaign finance limits and how arcane and how complicated have grown the efforts to regulate them.

Debt Recovery An array of tax-exempt organizations on the left and right, regulated under Section 527 of the tax code, found that they could raise and spend unlimited sums on political activities without disclosure, as long as they stopped short of expressly advocating a vote for or against a candidate.

Counseling Credit Debt Early in the 2000 campaign before Congress passed the new disclosure law that become the loophole of choice for secretive groups that did not want to reveal anything about their spending and donors.

Consolidation Debt Uk One group, Republicans for Clean Air, broadcast advertisements critical of Mr. McCain in several states before the Super Tuesday primaries when George W. Bush defeated him. The group was established under Section 527 by Sam Wyly, a Texas businessman and large contributor to Mr. Bush.

Debt Reduce Some of those organizations are now formed by political figures to allow them to raise soft money. But many organizations have no direct ties to politicians.

Get Out Of Debt In a report today based on studying the Internal Revenue Service findings, one group, Public Citizen, found that the top 25 organizations collected $67.3 million in soft money over 18 months, much of which they used for issue advertisements.

Debt Destroy The most well financed was Pro-Choice Vote, which raised $12.3 million over 18 months, with $11.7 million of that given by the actress Jane Fonda, according to Public Citizen.

Debt Negotiation With many people predicting that the ban on soft money to the parties would result in more large funds going to outside groups, some lawmakers said the disclosure laws needed to be tightened, not loosened.

Debt Elimination "This is a time to beef up the 527 law and its enforcement, not to water it down," said Senator Joseph I. Lieberman, Democrat of Connecticut.

Consolidation Debt Mortgage Mr. Lieberman and Senator Kay Bailey Hutchison, Republican of Texas, have their own bipartisan bill to change the 2000 disclosure requirements and drop state legislators and others from many federal reporting requirements. Their measure, however, requires more specific disclosures and maintains that certain forms for tax-exempt status still be sent to the revenue service.

Collection Debt By Alison Mitchell
New York Times - 4/10/2002

Topic: Campaign Finance Reform

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