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VioletTea@lemmy.world to Progressive Politics@lemmy.world · 10 days ago

Rep. Chu, Sen. Whitehouse Reintroduce Legislation to End Billionaires’ Tax-Free Giveaways to Dark Money Groups

chu.house.gov

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Rep. Chu, Sen. Whitehouse Reintroduce Legislation to End Billionaires’ Tax-Free Giveaways to Dark Money Groups

chu.house.gov

VioletTea@lemmy.world to Progressive Politics@lemmy.world · 10 days ago
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WASHINGTON, D.C. — Today, Rep. Judy Chu (CA-28) and Sen. Sheldon Whitehouse (RI) reintroduced the End Tax Breaks for Dark Money Act, legislation to close a tax loophole that allows billionaires to avoid capital gains taxes by donating appreciated assets to dark money groups, effectively subsidizing the flow of secret money into American elections.
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