Saturday, March 12, 2011

O'Keefe's Videos Threaten NPR's Tax-Exempt Edge

Congress defunding NPR is throwing Brer Rabbit into the briar patch.  NPR only gets 2% of its money from the U.S. Taxpyer.  It's a slap on the wrist.   However, revocation of NPR's tax-exempt status as a 501(c)(3) non-profit means donors cannot claim tax credit for "donating" money to sponor shows. 

Without its tax-exempt status, NPR would have to compete with other broadcasting companies on an equal footing.  That's the real thermo-nuclear threat posed by O'Keefe's undercover videos so far. 

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