Scott Bessent Is About to Strip the Left’s Tax-Exempt Empire — Soros, CAIR, and the SPLC Are First

The broke Democrats are about to get a lot broker if Treasury Secretary Scott Bessent has his way.

The American taxpayer has been subsidizing the left’s political machine for decades, and Bessent is about to make them pay it back.

The Treasury Secretary and IRS are preparing to review the tax-exempt status of George Soros’s Open Society Foundations, the Council on American-Islamic Relations, and the Southern Poverty Law Center, according to the New York Post. The reviews could result in revocation of their 501(c)(3) status, substantial back-tax payments, civil penalties, and the standard 21 percent federal corporate tax rate going forward.

The legal foundation is a Trump executive order targeting nonprofits engaged in a “substantial illegal purpose” — including aiding immigration law violations, supporting terrorism, engaging in political violence, facilitating discrimination, or repeatedly violating laws against trespassing, vandalism, and highway obstruction.

Each of the three organizations has a paper trail that makes the review straightforward.

Open Society Foundations has faced documented allegations that its money reached groups tied to violent protests and Antifa-aligned activism. Soros-backed district attorneys — including Larry Krasner, who recently said he wants to blow up the White House ballroom and keep a piece as a paperweight — have systematically refused to prosecute violent criminals while releasing illegal aliens rather than transferring them to ICE. The foundation that bankrolled those DA races is now under Treasury review.

CAIR has long raised serious national security concerns. The FBI suspended formal outreach to the organization after citing evidence of a relationship with Hamas. The organization’s founding was directly tied to individuals later identified in federal prosecutions as part of a network supporting Hamas. This isn’t a new accusation — it’s a documented federal criminal history that the IRS apparently never found sufficient reason to investigate during the Biden years.

The SPLC is the most explosive case. Its former International Director Heidi Beirich was arrested earlier this month on wire fraud conspiracy charges for allegedly funneling more than $4 million in donor money to members of extremist groups — including a neo-Nazi who served as her live-in partner and received $1.2 million. The organization that built its entire brand and fundraising model on designating other organizations as hate groups was allegedly paying actual neo-Nazis with donor contributions. It’s now federally indicted.

Bessent said it plainly at a press conference last month: “Treasury is expanding its efforts to identify organizations that abuse charitable and non-profit structures as vehicles for illicit finance… Where the evidence leads, we will not hesitate to follow.”

Tax-exempt status under 501(c)(3) exists for a specific purpose: to encourage genuine charitable activity that benefits the public. An organization that funds political violence, maintains documented Hamas ties, or allegedly channels donor money to neo-Nazis is not a charitable institution. It is a political operation using charitable tax status as a subsidy.

American taxpayers have been funding these organizations indirectly through tax exemptions for years. Bessent is asking whether they should continue to. The answer should be obvious.