The Treasury Secretary, Scott Bessent, and the Internal Revenue Service (IRS) are working to revoke the tax-exempt status of leftist NGOs funded by billionaire George Soros's Open Society, according to three sources who spoke to the New York Post.
Additionally, Treasury officials are preparing a thorough audit of those entities considered users and abusers of the U.S. tax code. This review could result in fines and civil penalties for Open Society for supporting political violence and protests or radical ideologies.
Other anti-corporate advocacy groups aligned with unions could also end up on the blacklist, such as the Private Equity Stakeholder Project, the anti-Amazon coalition Athena, the leftist watchdog group MediaJustice, and the Strategic Organizing Center along with its parent union, SEIU.
These entities under the scrutiny of the Trump administration have already hired lawyers and plan to defend their privileges in federal courts. Protect Democracy, a far-left legal organization, has already sued the White House, accusing the administration of illegally using the tax code as a weapon against its political opponents.
