|Rep. Alan Grayson (D-FL-9)|
Photo Courtesy US House of Rep.
This is the same Alan Grayson who slandered Rep. Paul Ryan by stating Ryan's proposed budget plan meant Ryan wants poor people to die. This is the same Alan Grayson who supports violating the First Amendment by compelling religious institutions to violate their beliefs and provide abortions and birth control to employees.
The full bill text is not yet available. However, the title itself seems rather self-explanatory: "To amend the Internal Revenue Code of 1986 to impose a 500 percent excise tax on corporate contributions to political committees and on corporate expenditures on political advocacy campaigns."
This is most likely in reaction to the Supreme Court Decision regarding Citizens United. Grayson has also suggested other bills directed towards "restoring the rights the supreme court stole from citizens in the Citizens United decision". Ironically, that decision more insured citizens' rights than denying any.
The impact of this law, if passed and deemed constitutional, is that those donations may remain deductible from income taxes. However, they will be taxed at $5 for each dollar donated in the form of an excise tax. That would mean if a citizen donated to GOProud, for example, a $6 donation would grant $1 to the NPO and $6 to the IRS. The tax would not apply to donations given to Planned Parenthood, since they are allegedly an apolitical organization. Reality demonstrates, though, that Planned Parenthood engages in pro-abortion lobbying.
The bill, HR 1111, has been referred to the House Ways and Means Committee.