GIFT TAX AND (C)(4)’S. Politico reports. “The Internal Revenue Service appears to have begun to enforce a tax on gifts to the non-profit organizations that were a key vehicle for anonymous politics in the last five years and had promised to play a large role in the presidential cycle, a move which could reshape the place of money in politics in 2012.” Similar stories have appeared before. TaxProf addressed the question here.
DAVIS (OF DAVIS V. FEC) IN THE NEWS. Roll Call. “As outside groups dump money into western New York largely to attack him, third-party candidate Jack Davis has loaned his campaign an additional $500,000, according to campaign records filed this week with the Federal Election Commission.”
HOYER ON DRAFT EO. “Minority Whip Steny Hoyer (D-Md.) said government contracts should be awarded based solely on the reputation of the company and the substance of its bid. The issue of political contributions, he said, has no place in the process.” Story here.
FACEBOOK AND THE FEC. Politico. “Facebook, the company that has helped put so much of what was once private out in open on the web, is looking for a sort of corporate privacy setting of its own — the company is looking to ensure that it is exempt from federal election rules requiring campaign advertisements to include disclosures of who paid for them.”
GOOGLE’S NEVADA LOBBYING. On electric cars. “Google hired David Goldwater, a lobbyist based in Las Vegas, to promote the two measures, which are expected to come to a vote before the Legislature’s session ends in June.”
LOBBYIST AND CAMPAIGNS IN SF. Story here. “Political consultant Alex Tourk resigned Tuesday from two high-profile campaigns in which he was involved: City Attorney Dennis Herrera’s run for mayor and District Attorney George Gascón’s bid to stay in office.”
2012 MONEY RACE. The Post.
HAVE A GOOD DAY.