Written Testimony of Philip Hackney for the Hearing on Oversight of Nonprofit Organizations: A Case Study on the Clinton Foundation (House of Representatives Committee on Oversight, December 13, 2018)
Hearing Before the U.S. House of Representatives, Committee on Oversight and Government Reform’s Subcommittee on Government Operations of the United States House of Representatives
7 Pages Posted: 19 Dec 2018
Date Written: December 13, 2018
This is written testimony offered to the House Committee on Oversight's Subcommittee on Government Operations on December 13, 2018: Our nation has tasked the IRS with the large and complex responsibility for regulating the nonprofit sector, but has failed to provide the IRS with resources commensurate with that task. This is important work. Nonprofits constitute a large and growing part of our economy, and they are granted a highly preferential tax status. An organization that abuses that preferential status will obtain a significant and unfair advantage over the organizations and individuals who play by the rules. If we are to grant such a substantial advantage to nonprofits, and if we are going to rely on the IRS to oversee regulation of these entities, it is essential that the IRS have the resources it needs to ensure that this preferential status is not abused.
Keywords: IRS, Congressional Hearing, Nonprofit Oversight, 501(c)(3), charitable, Clinton, House Oversight Committee, Tax Exempt, Tax-exempt
JEL Classification: K23, K34
Suggested Citation: Suggested Citation