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#The [[Ford Foundation]] was not investigated.}}
#The [[Ford Foundation]] was not investigated.}}
A suggestion the Cox Committee report brought up was a potential investigation of foundations who used their privileges for the purpose of [[tax evasion]].<ref name=libertyuniversity/> This would be investigated later in 1962 by the Select Committee on Small Business under liberal Texas representative Wright Patman.
A suggestion the Cox Committee report brought up was a potential investigation of foundations who used their privileges for the purpose of [[tax evasion]].<ref name=libertyuniversity/> This would be investigated later in 1962 by the Select Committee on Small Business under liberal Texas representative Wright Patman. Reece did not focus on this aspect, instead prioritizing a scrutiny of subversion. He stated during a long House speech:<ref name=libertyuniversity/>
{{cquote|Some of these activities and some of these institutions support efforts to overthrow our Government and to undermine our American way of life.
These activities urgently require investigation. Here lies the story of how communism and socialism are financed in the United States, where they get their money. It is the story of who pays the bill.
There is evidence to show that there is a diabolical conspiracy back of all this. Its aim is the furtherance of socialism in the United States.
The method by which this is done seems fantastic to reasonable men, for these Communists and Socialists seize control of fortunes left behind by Capitalists when they die, and turn these fortunes around to finance the destruction of Capitalism.}}
==References==
==References==