Trump Administration Poised To Revoke Tax-Free Status For Soros, Other Far-Left Groups

Treasury Secretary Scott Bessent and the IRS could revoke the tax-free status of left-wing nonprofits such as George Soros’ Open Society Foundations, the Southern Poverty Law Center, and the Council on American-Islamic Relations, three sources familiar with the matter have told The Post.

It is part of a Trump-backed crackdown on “bogus” charities, and Treasury officials are drawing up a sweeping audit of outfits deemed to be using and abusing Uncle Sam’s tax code, the three people briefed on the Treasury Department’s internal policy deliberations said.

Bessent’s inner circle is drafting a blueprint that could ultimately strip non-compliant organizations of their 501(c)(3) status, according to two of the people familiar with the plans. The reviews could result in massive back payments and civil penalties, the same sources said.

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Little by little their system that only benefits them is being exposed and torn down.

— The SCIF (@TheSCIF) August 28, 2026

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The Bank Secrecy Act is crushing small businesses with financial surveillance that delivers little in return. Banks filed 28.7 million reports last year, yet just 275 IRS investigations were launched from them. Massive surveillance, tiny results, and serious costs for privacy and… pic.twitter.com/K8Ftss8Pea

— Cato Institute (@CatoInstitute) August 28, 2026

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If you want the benefits of tax-exempt status, you should play by the rules. Political organizations shouldn’t be able to disguise themselves as charities to get a taxpayer-funded advantage.

Nonprofits can advocate for whatever causes they choose. But they can’t have it both…

— Steve Forbes (@SteveForbesCEO) August 28, 2026

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Sen. Tom Cotton, R-Ark., is calling on the Internal Revenue Service (IRS) to revoke the nonprofit status of a Muslim advocacy group that he believes has ties to terror groups, including Hamas and the Muslim Brotherhood.

In the letter, Cotton notes that “in the largest terrorism-financing case in U.S. history, [the Council on American-Islamic Relations] was listed as a member of the Muslim Brotherhood’s Palestine Committee.” CAIR was listed as an unindicted coconspirator in the infamous Holy Land Foundation (HLF) terrorism financing case. The organization later attempted, unsuccessfully, to have its name removed from the list.

The Justice Department found that HLF and five of its leaders had, while working together and with others, “provided material support to the Hamas movement.” In total, the groups provided Hamas with approximately $12.4M, according to the DOJ.

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HOLY CRAP!Treasury Sec.Scott Bessent is reportedly gearing up to REVOKE the tax-exempt status of nonprofits including George Soros' Open Society Foundation,CAIR (Council on American-Islamic Relations) and the SPLC — NYP#TNAiMPACT#adultsfx#criticalrolespoilers#LunarEclipse pic.twitter.com/R77sAOZD3W

— Secretary Scott Bessent RV

(@_ScottBessentRV) August 28, 2026

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