Quote:
Originally Posted by Ashington
I suppose that is a fair point.
Seems as though these states should be suing the feds rather than CO, though, if that's the line they're taking.
This is a direction I had hoped this would go.
The feds are using Selective Non-Prosecution – as long as no state laws are broken they stay away.
Additionally, to allow this the IRS has had to create tax law for these companies since none existed for these types of businesses to get federal EIN numbers for withholding, tax deductions for expenses and so on.
The Treasury has attempted to create law allowing exceptions to money laundering laws to allow banks to do business with them.
It goes to the heart of many of the conservative claims about Obama and executive over-reach, selective as those claims are though.