IRS backtracks on 501(c)4 rule after flood of negative comments

Will the IRS retreat from managing political speech through the tax code? One might have thought that the scandal that erupted a year ago this month would have discouraged the tax agency from pressing forward again, but they still proposed a more extensive enforcement mechanism for 501(c)4 groups just months after the targeting of conservative groups was exposed. After an avalanche of negative comments in the public-review period, though, the IRS is rethinking their approach...

Read more at Hotair.com