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Posted on 08/27/2026 1:08:53 PM PDT by thegagline
Treasury Secretary Scott Bessent and the IRS could revoke the tax-free status of left-wing nonprofits such as George Soros’ Open Society Foundations, the Southern Poverty Law Center, and the Council on American-Islamic Relations, three sources familiar with the matter have told The Post.
It is part of a Trump-backed crackdown on “bogus” charities, ***
Bessent’s inner circle is drafting a blueprint that could ultimately strip non-compliant organizations of their 501(c)(3) status, according to two of the people familiar with the plans. The reviews could result in massive back payments and civil penalties, the same sources said. The initiative leans in part on a 2025 executive order signed by President Donald Trump targeting nonprofits operating with a “substantial illegal purpose,” paving the way for the IRS to issue fines or even strip the tax-exempt status of charities allegedly tied to political violence, protests or radical ideologies.
***
The aggressive crackdown is already facing fierce legal blowback. Left-leaning legal powerhouse Protect Democracy sued Treasury and the IRS earlier this year, accusing the administration of illegally weaponizing the tax code against its political opponents.
*** Formally stripping a group of its 501(c)(3) status is a notoriously sluggish process that can take years, ***
Penalties under consideration range from corrective fines to the ultimate regulatory sanction: full revocation of tax-exempt status, which would force the nonprofits to pay the standard 21% federal corporate tax rate. *** A Post analysis of the latest IRS filings for all three organizations shows they would have owed about $165 million in federal income tax for 2024 if taxed at that 21% rate.
Almost all of it comes from a single source: the Soros network accounts for $163.6 million of the total. The SPLC would owe roughly $354,000, and 17 CAIR chapters would owe about $860,000 between them. ***
(Excerpt) Read more at nypost.com ...
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As an aside, Bessent was a partner at Soros Fund Management which may give him unique insight into Soros and his campaign to destroy America.
I hope this exposes them fully.
These nonprofits are guilty of illegal political contributions-in-kind. They need to be charged for every penny of them.
Great news! (hope it’s true)
About damn time!
Interesting.
We will be officially looking up your ass with a microscope.
I wonder how much ‘political contributions-in-kind’ contributions the Cankle had to pay back?
Excellent!
I hope it’s true too
Best news I’ve heard all day.
Wouldn’t it be nice if Alex Soros was indicted and held through the midterms and imprisoned in ADX Florence for the next few decades. We can dream can’t we?
The side benefit will be the mere examination will make them stop further shenanigans during this election and the next.
Hit the funding HARD!
Way to go!!!
👍 I voted for this.
George Soros should die in prison.
YES! $ORO$ is EVIL.
Another so called “investigation” that will disappear like fairy dust in a few weeks.
So pathetic.
That would be glorious.
There needs to be a public “education” and discussion as to what is a 501c3, a 501c4, a non-profit, a political organization, a for-profit organization.
I suppose some accountants can explain it. But there needs to be a broader explanation.
Example:
The ACTIONNETWORK.ORG has 12,000 member organizations. Some members are 501c3, some 501c4, some this, some that, some non-profit, some political, some I don’t know, even after researching them.
Some pass money back and forth between them which has laws that are more or less understood. Some pass assets between them. Example A: a Person gifts a property to a non-profit at a value of 1 million. The non-profit then repackages a transaction so the political organization gets 90% and the non-profit keeps 10%.
Example B: A non-profit has a mailing list of names, addresses, donations, hot-button issues of donor. The non-profit does not have a financial transaction with the political organization. But they “share” the same donor lists. The for-profit shares its list with the non-profit and the non-profit shares its list with the for-profit. Of course, the non-profit list is much more valuable than the that of the for-profit from a political perspective of get-out-the-vote on the 3 week election period.
If the political organization had to BUY the list of names, addresses, hot-button issues of the person it would cost $50 per name (hypothetical amount). But the non-profit is not in the business to make a profit.
This game exists on both the left and the right with slightly different variations. The biggest difference is usage of the list of names.
The Right uses it to raise money.
The Left uses it to drive the ground game and get out the vote. Thus in any given election the number of people favoring the candidate on the left has a few highly motivated people who are driven to vote.
The Right has a bigger list. But they do not use it to get out the vote. Indeed, the Right ignores and crosses out the names that don’t give money. Come election season, the Right has more people; but they do not vote.
The “Business Model” of the left is to replace less educated Black voters who have a low turnout rate with college educated who majored in “Gender Studies” (of any race) and who reliably get out and vote.
Headline from 2029: “Newsom administration set to target Heritage Foundation, Turning Point USA, and Federation for American Immigration Reform in major tax crackdown: sources”
There will someday be a Democrat in the White House — maybe not in 2029 and maybe not Newsom, but it will happen.
Trump seems to be setting a lot of precedents that could easily be abused.
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