The House Ways and Means Committee has opened an investigation to find out why the U.S. Chamber of Commerce Foundation has received millions in donations from an organization whose objectives appear hostile to American businesses.
Chairman Jason Smith (R-Mo.) sent a letter to Suzanne P. Clark, president and CEO of the U.S. Chamber of Commerce, and Carolyn Cawley, president of the U.S. Chamber of Commerce Foundation. The letter asked why the foundation accepted $12 million in donations from the Tides Foundation, a left-leaning nonprofit that coordinates with organizations that promote policies the committee says would harm American businesses.
The Chamber of Commerce, a 501(c)(6) tax-exempt entity, is the world’s largest business organization and claims to “advocate, connect, inform, and fight for business growth and America’s success.” The Chamber foundation is a 501(c)(3) nonprofit and is also tax exempt….
