By Eliza Newlin Carney
Like many IRS-watchers following the rule-making process, Sloan predicts that there is “actually zero chance” that they will ultimately be enacted. That the agency has produced such predictably controversial draft regulations has prompted much head-scratching among campaign finance and tax experts.
“One might assign nefarious motives to the IRS, or one might say that they don’t know what they’re doing,” said former FEC chairman Bradley Smith, chairman of the Center for Competitive Politics, at Heritage Foundation panel discussion last week on the IRS regulations. “Neither of those reflects well for putting forward this kind of rule.”