Difference between revisions of "Patman Committee"
(start) |
|||
| Line 1: | Line 1: | ||
The '''Patman Committee''' was a select committee which investigated tax-exempt foundations largely in the 1960s. Known as the Select Committee on Small Business and chaired by [[Texas]] liberal Democrat [[Wright Patman]] from 1955 to 1963,<ref>Grant, Jr., Philip A. (September 1, 1995). [https://www.tshaonline.org/handbook/entries/patman-john-william-wright Patman, John William Wright (1893–1976)]. ''Texas State Historical Association''. Retrieved September 24, 2021.</ref> it sought to determine whether large foundations used their privileges for the purpose of [[tax evasion|evading taxes]]. | The '''Patman Committee''' was a select committee which investigated tax-exempt foundations largely in the 1960s. Known as the Select Committee on Small Business and chaired by [[Texas]] liberal Democrat [[Wright Patman]] from 1955 to 1963,<ref>Grant, Jr., Philip A. (September 1, 1995). [https://www.tshaonline.org/handbook/entries/patman-john-william-wright Patman, John William Wright (1893–1976)]. ''Texas State Historical Association''. Retrieved September 24, 2021.</ref> it sought to determine whether large foundations used their privileges for the purpose of [[tax evasion|evading taxes]]. | ||
| + | |||
| + | ==Background== | ||
| + | The [[Select Committee to Investigate Tax-Exempt Foundations and Comparable Organizations]] during the 82nd Congress, known as the '''[[Cox Committee]]''', investigated tax-exempt foundations for [[subversion]] though did not conduct a thorough investigation. Although its final report exonerated major foundations of wrongdoing, it also recommended a new investigation to probe whether foundations exploited their tax-exempt status. | ||
| + | |||
| + | [[B. Carroll Reece]], a [[Tennessee]] conservative Republican who was part of the Cox Committee, sought a do-over to thoroughly investigate subversion charges though did not focus on the potential tax-exempt exploitation aspect. | ||
==References== | ==References== | ||
Revision as of 18:25, September 24, 2021
The Patman Committee was a select committee which investigated tax-exempt foundations largely in the 1960s. Known as the Select Committee on Small Business and chaired by Texas liberal Democrat Wright Patman from 1955 to 1963,[1] it sought to determine whether large foundations used their privileges for the purpose of evading taxes.
Background
The Select Committee to Investigate Tax-Exempt Foundations and Comparable Organizations during the 82nd Congress, known as the Cox Committee, investigated tax-exempt foundations for subversion though did not conduct a thorough investigation. Although its final report exonerated major foundations of wrongdoing, it also recommended a new investigation to probe whether foundations exploited their tax-exempt status.
B. Carroll Reece, a Tennessee conservative Republican who was part of the Cox Committee, sought a do-over to thoroughly investigate subversion charges though did not focus on the potential tax-exempt exploitation aspect.
References
- ↑ Grant, Jr., Philip A. (September 1, 1995). Patman, John William Wright (1893–1976). Texas State Historical Association. Retrieved September 24, 2021.