Last week in a speech at the Center for American Progress, Sen. Chuck Schumer (D-NY) took an aggressive tack toward Tea Party groups for how they use their tax-exempt 501(c)4 status. On Tuesday’s “The O’Reilly Factor,” host Bill O’Reilly challenged Schumer to apply that standard to liberal groups as well, especially pro-Obama group Priorities USA, to which Schumer obliged.
Partial transcript as follows:
O’REILLY: Do you know how much Priorities USA spent defaming Mitt Romney in the last election? Do you know how much?
SCHUMER: Hey, I don’t know the number but it was too much.
O’REILLY: $57 million, $57 million.
SCHUMER: If they did it under the 501(c)4, they ought to be shut down. Say it right here, liberal group, pro-Democratic group, shut them down.
O’REILLY: You and I agree on this issue but i want you to be fair and balanced when you specifically name a group. That’s all I’m asking.
SCHUMER: That’s why I’m here on Fox News – to be fair and balanced.