Senate Report: Billionaires covertly funding environmental machine

JoNova:

There is a big new 92 page Minority Staff Senate report on “the Billionaires Club” that funnels money through labyrinthine mechanisms and sophisticated tax loopholes to conceal the source of the funding.It is corruption all the way down…

The Chain of Environmental Command, (2014) United States Senate, Committee on Environment and Public Works, Minority Staff Report

“EXECUTIVE SUMMARY

…an elite group of left wing millionaires and billionaires, which this report refers to as the “Billionaire’s Club,” who directs and controls the far-left environmental movement, which in turn controls major policy decisions and lobbies on behalf of the U.S.Environmental Protection Agency (EPA). Even more unsettling, a dominant organization in this movement is Sea Change Foundation, a private California foundation, which relies on funding from a foreign company with undisclosed donors. In turn, Sea Change funnels tens of millions of dollars to other large but discreet foundations and prominent environmental activists who strive to control both policy and politics”

The donations are fed to a public charity (with tax benefits), which then forwards the money to a different linked type of organization which is permitted to lobby and campaign politically.

– “…what is clear is that these individuals and foundations go to tremendous lengths to avoid public association with the far-left environmental movement they so generously fund. The report attempts to decipher the patterns of “charitable giving.” Often the wealthiest foundations donate large sums to intermediaries – sometimes a pass through and sometimes a fiscal sponsor. The intermediary then funnels the money to other 501(c)(3) and 501(c)(4) organizations that the original foundation might also directly support. The report offers theories that could explain this bizarre behavior, but at its core, the Billionaire’s Club is not, and seemingly does not, want to be transparent about the groups they fund and how much they are supporting them.

• Nearly all of the public charities discussed in this report have an affiliated 501(c)(4) that engages in activities designed to influence elections and have no restrictions on their lobbying efforts. The funding of a 501(c)(4) by a 501(c)(3) affiliates is provocative in light of the legal restrictions on public charities from participating in political campaigning, either directly or indirectly, while permitting a 501(c)(4) to significantly engage in campaign activities. (Pg. 14)

In advancing their cause, these wealthy liberals fully exploit the benefits of a generous tax code meant to promote genuine philanthropy and charitable acts, amazingly with little apparent Internal Revenue Service scrutiny. Instead of furthering a noble purpose, their tax deductible contributions secretly flow to a select group of left wing activists who are complicit and eager to participate in the fee-for-service arrangement to promote shared political goals. Moreover, the financial arrangement provides significant insulation to these wealthy elite from the incidental damage they do to the U.S. economy and average Americans.

The “green revolving door” at the EPA uses your tax funds to reward activists with careers, who in turn send more taxpayer funds to friends and colleagues.

“The Billionaire’s Club achieves many of its successes through the “capture” of key employees at EPA. These “successes” are often at the expense of farmers, miners, roughnecks, small businesses, and families. This report proves that the Obama EPA has been deliberately staffed at the highest levels with far-left environmental activists who have worked hand-in-glove with their former colleagues.

Read more