The Weekly Standard reports that Barack Obama may have seized private tax information provided by the IRS in order to retaliate against his political opponents.
Obama uses IRS to retaliate against opponents
In several speeches Obama singled out Americans for Prosperity, which is owned by two libertarian billioinaires, Charles and David Koch. Koch Industries actively opposes Demoratic candidates.
But an attorney for Koch Industries–the parent company of Americans for Prosperity–charges that the Obama White House crossed a line in obtaining private tax information, which they use to bash organizations like Americans for Prosperity.
The smoking gun appears to be a statement made by a senior Obama official who told reporters about the scheme. According to the Weekly Standard:
“…a senior Obama administration official told reporters at an August 27 on-the-record background briefing on corporate taxes:
“So in this country we have partnerships, we have S corps, we have LLCs, we have a series of entities that do not pay corporate income tax. Some of which are really giant firms, you know Koch Industries is a multibillion dollar businesses. So that creates a narrower base because we’ve literally got something like 50 percent of the business income in the U.S. is going to businesses that don’t pay any corporate income tax. They point out [in the report] you could review the boundary between corporate and non-corporate taxation as a way to broaden the base.”
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