deepclips.com® We dig deep so you don't have to!™

  • Shadowy big tech group, 'Mind the Gap,' raising $100 million warchest to beat Trump

    Shadowy big tech group, 'Mind the Gap,' raising $100 million warchest to beat Trump

    A shadowy Silicon Valley group that, largely unnoticed, bankrolled Democrat candidates up and down the country in the 2018 midterms, will spend up to $140 million to topple President Trump in 2020, according to Recode.

    H/T: Breitbart

    Although Democrats like to be called “the party of the little guy,” when election season comes around, they're all about the big-money donors, a point which becomes more obvious when those donors are secretive Silicon Valley Stanford academics petitioning their friends for “at least $100,000” each.

    “The group operates in a cone of secrecy, often exhorting its donors to keep their information secure. It has no website or presence on social media, and its leaders don’t mention their involvement in their professional biographies on sites like LinkedIn. That’s not by accident,” according to Recode.

    It also doesn't smell right that political groups like Mind the Gap are allowed to benefit from a loophole in the tax code that makes incoming donations tax-deductible, even though the true purpose of these funds is not charitable in nature.

    According to the July Recode article below, “today’s ‘working robber barons’ have used a tax break to create a $110 billion charity stockpile, called donor-advised funds. It isn’t getting any smaller.”

    Almost all of the donations to these groups are tax-deductible, Mind the Gap reminds its donors. That’s because of rules that allow foundations, donor-advised funds, and individuals to write these gifts off under the name of “philanthropy” — even though the donations are routed by a Democratic interest group.

Search

Latest Clips

More 2020

© 2019 DeepClips.com ALL RIGHTS RESERVED — Contact