michelle bachmann

Obama Campaign Pays $523,000 in Taxes

Campaign committees are sometimes money makers, but when they are, they must pay taxes, as President Obama's campaign did with a $523,000 payment to the I.R.S.  

Campaigns often carry large cash balances and can earn interest on their accounts - and some even invest campaign funds. A number of campaigns have developed large mailing lists of donors and rent out their lists to other like-minded candidates, PACs and political party committees. The income generated from interest, investing, and renting lists is taxable income. Obama for America, the campaign committee of President Barack Obama, reported it paid $523,000 on March 14, 2014, to the Internal Revenue Service for taxes.  

House Members Needing and Paying for Attorneys

At any given time there are always some members of the House of Representatives who find themselves in the need of having to pay for attorneys and legal services. In some instances, a member may have been dealing with the House Office of Congressional Ethics or the House Ethics Committee, such as Reps. Andrews, Bachmann, Bishop, Grimm, McMorris Rodgers, Mullin, Owens, and Schock.  

In the first quarter of this year, here are some of the large payments.