“IMF funding, IRS guidelines collide in spending bill”


Republican tea party forces and the International Monetary Fund collided in the final bargaining over the omnibus spending bill this past week. Neither won — but the standoff speaks volumes about American politics.

Republican business allies like the U.S. Chamber of Commerce and a long line of Republican Treasury secretaries going back to Ronald Reagan joined the White House in supporting the IMF funding.

But in the course of House-Senate negotiations, the IMF became paired with an amendment shaped by Senate Minority Leader Mitch McConnell (R-Ky.) who wanted to block Treasury from implementing new IRS rules to curb political activity by tax-exempt groups.


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