“IRS Apologizes For Targeting Conservative Groups In 2012 Election”

Wow, this is not the way for the IRS to maintain credibility in a very politically sensitive area:  “Lois Lerner, who heads the IRS unit that oversees tax-exempt groups, said organizations that included the words ‘tea party’ or ‘patriot’ in their applications for tax-exempt status were singled out for additional reviews.”

UPDATE: On the IRS story: It turns out Lerner’s apology came in response to a question from the floor at a conference. Why no press release?

A transcript will be available shortly.

FURTHER UPDATE: My additional thoughts here.

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