Well it turns out that Stephen Colbert’s 501(c)(4), Colbert Super PAC SHH!, never applied for the privileged tax status with the IRS – because it didn’t have to. Informed of these facts last night by his “personal attorney” and Campaign Legal Center President Trevor Potter, The Colbert Report host decided to use the current IRS scandal to his advantage.
Speculating that the IRS might be a little gun shy about rejecting applications from groups with names that include “Tea Party” or other flagged terms that arose in the recent controversy, Mr. Colbert’s decided it was the perfect time to submit his own application with a mouthful of a modification to the group’s name.
To watch Mr. Potter’s appearance last night, click here.
To watch his numerous other appearances on the Colbert Report, click here.