00:00It's Benzinga bringing Wall Street to Main Street.
00:02The IRS said churches can endorse political candidates to their congregations without
00:06jeopardizing their tax-exempt status, according to CNBC. The move overturns a 70-year-old
00:11interpretation of the Johnson Amendment, which barred churches and other non-profits
00:15from endorsing political candidates without risking their tax-exempt status.
00:19President Donald Trump has repeatedly called for the repeal of the Johnson Amendment.
00:23The IRS said churches do not violate the Johnson Amendment when they address political matters
00:26as expressions of faith during religious services through customary channels.
00:30The statement came in a joint filing with the National Religious Broadcasters and two Texas
00:34churches who sued the IRS last year, alleging constitutional violations.
00:39Judges now get ruled on the motion for consent judgment.
00:42For all things money, visit Benzinga.com.
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