Did Karl Roveís super PAC commit perjury? [View all]
On its 2012 tax return, GOP strategist Karl Roveís dark money behemoth Crossroads GPS justified its status as a tax-exempt social welfare group in part by citing its grants of $35 million to other similarly aligned nonprofits. (Hereís the tax return itself, which we detailed last week.)
The return, signed under penalty of perjury, specified that the grants would be used for social welfare purposes, ďand not for political expenditures, consistent with the organizationís tax-exempt mission.Ē
But thatís not what happened.
New tax documents, made public last Tuesday, indicate that at least $11.2 million of the grant money given to the group Americans for Tax Reform was spent on political activities expressly advocating for or against candidates. This means Crossroads spent at least $85.7 million on political activities in 2012, not the $74.5 million reported to the Internal Revenue Service. Thatís about 45 percent of its total expenditures.