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Media Matters Puts Tax-Exempt Status in Jeopardy (Part 1 of 3)
Fox Business ^ | August 3, 2011 | Elizabeth MacDonald

Posted on 08/03/2011 2:31:10 PM PDT by jazusamo

David Brock, chairman and chief executive of Media Matters for America, told a news website earlier this year that his nonprofit is now moving to “sabotage” FOX News because it says the network is now the “de facto head of the GOP,” among other things.

Anchors and guests appearing on FOX News have said because of such statements, the nonprofit is violating U.S. tax law.

There is no indication the IRS is auditing or probing Media Matters for these alleged violations.

However, interviews with current and former IRS officials, tax lawyers and tax experts, as well as a review of Media Matters’ IRS documents and its activities indicate the nonprofit has put its tax-exempt status in jeopardy for reasons beyond those allegations.

But these charges are serious. Given that Media Matters is a tax-free nonprofit, the government is effectively supporting its efforts to disrupt the commercial enterprises of a taxpaying business. The government is also effectively supporting its partisan activities that the nonprofit was ostensibly created to monitor in the first place, a problem also at right-wing nonprofits.

Taxpayers have effectively been supporting Media Matters in its campaign to get advertisers to "Drop Fox,"--words billboarded on its website along with "NewsCorpwatch" that link viewers to form letters to send to advertisers to get them to stop advertising on the network.

The U.S. government is also effectively supporting the website's attacks on News Corp's attempt to buy Great Britain's BSkyB, a satellite broadcaster. And taxpayers are effectively supporting the nonprofit's demands to Congress to investigate News Corp. and its head, Rupert Murdoch.

Also, the U.S. government now effectively supports the nonprofit's purchase of a full-page ad in the International Herald Tribune urging James Murdoch to use his "power" to "usher in a new era for News Corp."

(Excerpt) Read more at foxbusiness.com ...


TOPICS: Business/Economy; Crime/Corruption; Extended News; Government
KEYWORDS: foxnews; georgesoros; mediamatters; taxexemptstatus

1 posted on 08/03/2011 2:31:19 PM PDT by jazusamo
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To: jazusamo

“There is no indication the IRS is auditing or probing Media Matters for these alleged violations”.

...of course not! Media Matters sole purpose is to help the MSM weed out conservative and/or factual negative stories or events connected to the kenyan usurper and label them as a “hoax”, “lies” etc. They taunt, destroy and ridicule until the “hurtful” event goes away. Alinsky all the way. Just another day at the office.


2 posted on 08/03/2011 2:38:38 PM PDT by albie
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To: jazusamo

Karma can be such a b*tch!!


3 posted on 08/03/2011 2:39:26 PM PDT by HOYA97 (twitter @hoya97)
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To: jazusamo

To actually EXPECT the current IRS to investigate Media Matters is childish beyond belief! This regime and its’ brute force tactics makes the Nixon White House look like the Washington Administration!


4 posted on 08/03/2011 2:43:57 PM PDT by Mr. Jazzy ("A man may be a fool and not know it, . . . but not if he is married." - H. L. Mencken)
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To: HOYA97; albie

It’d sure be a hoot to see them nailed on this.


5 posted on 08/03/2011 2:44:02 PM PDT by jazusamo (His [Obama's] political base---the young, the left and the thoughtless: Thomas Sowell)
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To: jazusamo

I expect that to happen right after a real solution to the debt is passed in Congress.


6 posted on 08/03/2011 2:53:27 PM PDT by WOBBLY BOB ( "I don't want the majority if we don't stand for something"- Jim Demint)
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To: jazusamo
David Brock, chairman and chief executive of Media Matters for America, told a news website earlier this year that his nonprofit is now moving to “sabotage” FOX News because it says the network is now the “de facto head of the GOP,”

Last week, all of the MSNBC commentators told us that Rush Limbaugh was the 'de facto head of the GOP'. Now which is it??? Fox News or Rush Limbaugh???

7 posted on 08/03/2011 3:01:59 PM PDT by NRG1973
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To: jazusamo
Media Matters is attacking enemies of the left. Specifically, the highly successful Fox News network. Hence, as long as the Obama administration is in power, no government agency will be investigating them any time soon. If enough attention is directed at the fact that this left-wing, non-profit organization is violating the rules under which it was granted tax exempt status, I submit that any probes will be shallow and amount to nothing more than 'window dressing'. In short: the fix is in. Media Matters will be free to attack Fox News all it wants, any way that it wants without the slightest danger of losing its tax-exempt status. At least until President Palin is inaugurated in January, 2013.
8 posted on 08/03/2011 3:07:10 PM PDT by Jim Scott ( "Game On!" - Sarah Palin)
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To: jazusamo

I’m sure the IRS will get right on this.


9 posted on 08/03/2011 3:18:29 PM PDT by Tzimisce (Never forget that the American Revolution began when the British tried to disarm the colonists.)
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To: Jim Scott

Very sad but I believe you’re correct.

I prefer it be President Palin that puts a halt to this but any conservative President will do on this issue too.


10 posted on 08/03/2011 3:18:35 PM PDT by jazusamo (His [Obama's] political base---the young, the left and the thoughtless: Thomas Sowell)
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To: albie

““There is no indication the IRS is auditing or probing Media Matters for these alleged violations”.”

I really wouldn’t bother looking until after on or about January 21, 2013.


11 posted on 08/03/2011 3:24:20 PM PDT by The Antiyuppie ("When small men cast long shadows, then it is very late in the day.")
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To: jazusamo

Please bump the Freepathon or click above and donate or become a monthly donor!

12 posted on 08/03/2011 3:46:18 PM PDT by jazusamo (His [Obama's] political base---the young, the left and the thoughtless: Thomas Sowell)
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