Bill reintroduced to end tax breaks for “dark money”

A bill to end a major tax break for “dark money” contributions to tax-exempt entities has been reintroduced in Congress. Rep. Judy Chu (D-CA) and Sen. Sheldon Whitehouse (D-RI) have reintroduced legislation to close a tax loophole that allows billionaires to avoid capital gains taxes by donating appreciated assets to dark money groups, which proponents say effectively subsidizes the flow of secret money into American elections.

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SAY THAT AGAIN?

August 27, 2026

I got an email request for a political contribution recently: “Today, I’m asking you for $100 — the same donation you made [to my last campaign]. The reason being: I don’t spend my time asking corporate bigwigs for massive checks.” I was pleased that they were treating me as a real person who had helped out before.

Seven minutes later, literally seven minutes later, I got this email from the same candidate: “Today, I’m asking you for $3. Yes, just $3. The reason being: I don’t spend my time asking corporate bigwigs for massive checks.” So much for being a real person.

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40 of the largest nonprofit educational and medical organizations in the Philadelphia region were polled; the report shows modest gains in gender and racial diversity but a “troubling decline” in the number and percentage of organizations willing to share data on board demographics.

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Bill reintroduced to end tax breaks for “dark money”

Bill reintroduced to end tax breaks for “dark money”