GOP BILL PERMITS CHURCHES TO SUPPORT CANDIDATES, KEEP TAX STATUS
According to the recent news, churches will have the right to recommend their preferred political candidates and still maintain their tax-free status as stipulated in the House GOP’s overhaul plan. This bill is meant to revoke a 63-year old law accredited to ex-president Lyndon Johnson while he was serving in the Senate. Nevertheless, critics have cautioned claiming that it could make loopholes that might channel tax-exempt money into political campaigns.
The congressional scorekeepers say that the endowment may cost $ 2 billion over the coming ten years. The Johnson amendment law does not tax-exempt charitable groups like churches to take part in any political campaign to approve or oppose a candidate. Once the IRS finds out that the organization has violated the law, it has the mandate to repeal its tax-free status.
The law does not inhibit these religious groups from weighing the public programs or unifying in various ways that might be beneficial to one party during the campaigns. However, the Democrats claim that emasculating the law will result in mixing church and state. They also argue that religious leaders have their First Amendment rights just like any other people. The Democrats add that if the religious leaders want to get into politics, then they must pay taxes as the constitution demands.
The GOP plan allows political undertakings by church provided they are a marginal cost. Nevertheless, the President of End Citizen United, Tiffany Muller points out that campaign finance groups reprimanded that the development might bring wide-ranging insinuations and churches will be turned into tools of surreptitious campaign spending.
Johnson presented the measure in 1954 while serving as a senator in Texas under the democratic party. The actions were triggered by his anger over some non-profit organizations that had criticized and called him a communist during the senate campaign. Although Dwight Eisenhower who was a Republican president signed the law, the Republicans have never stopped to criticize it as they vowed to repeal it as part of the tax overhaul.
About End Citizens United
This is the leading political action committee that is was founded by the grassroots donors in March 2015. End Citizens United is committed to counteracting the ruinous effects of citizen united and revolutionized its campaign finance system. The committee strives to show elected candidates, officials, voters, and media that the grassroots are fighting the ever-rising shamelessness of billionaires trying to buy votes. This will play a vital role in designing a broad coalition that works towards campaign finance reform and coercing lawmakers to act.
The primary mission of End Citizens United is to end big money in politics and fix the rigged political system. This is achieved by electing campaign finance reform candidates, passing ballot measures and uplifting this issue into a national dialogue. Read more:https://en.wikipedia.org/wiki/End_Citizens_United
TechStyle: Combining Technology and Fashion for Immediate Success
Technology and e-commerce are now the new trends in the fashion industry. Hundreds of companies have made efforts to apply technological innovations to their operations with varying rates of success. Nowhere is the concept of combining the three factors (fashion, e-commerce, and technology) been put to good use than in TechStyle Fashion Group.
Co-founded by Adam Goldenberg and Don Ressler, the company pioneered a successful monthly membership subscription program that attracted more than 6 million members in a few years. The membership was launched in 2010 by JustFab, later rebranded to be TechStyle Fashion Group. The program encouraged subscriptions to its VIP membership program. Subscribers benefited from up to 30 percent discounts, had access to exclusive special products and promotions, free shipping, and a loyalty reward scheme.
Don Ressler and Adam Goldenberg’s model of doing business became a magnet, with customers filling the subscription forms in large numbers. In an aggressive expansion strategy, JustFab acquired two more companies named FabKids and ShoeDazzle. It moved on to establish a market niche in Europe entering countries such as Germany, Britain, and six other countries. Adam and Don also teamed up with Kate Hudson to establish Fabletics.
The co-founders have a long story in entrepreneurial ventures behind them. Adam Goldenberg, for instance, began his startup career when he was 13 years old by establishing a bulletin board. The bulletin board later morphed into a gaming website known as Gamers Alliance. He later sold Gamers Alliance to Intermix which also owned the social media giant MySpace. He was made the Chief Operating Officer of Intermix, arguably the youngest person to hold the position in any publicly listed company.
Don Ressler has also walked a more or less similar path, having founded a successful startup known as FitnessHeaven.com which he too sold to Intermix. He too joined Intermix where he was in charge of various ventures that directly impacted shareholder value.
The two co-founded Alena Media which ended up being Intermix’s only profit-making center by the time of selling to News Corp in 2005. After intermix was acquired the two entrepreneurs, Adam and Don, moved on to establish the Intelligent Beauty. Through this new venture, they founded DERMSTORE, an online skin care product store. And a few years later they established a weight loss venture known as SENSA. Both ventures are high-value building and are believed to be highly profitable. In 2010 they launched they added another venture to Intelligent Beauty known as JustFab.
Find out more about Adam Goldenberg: https://en.wikipedia.org/wiki/JustFab
Techstyle and Adam Goldenberg and Don Ressler are the New face of Ecommerce
Ecommerce has changed the way consumers shop and put that together with fashion and technology and the bottom line is rising. Ecommerce revenues are projected to hit more than $116 billion by the year 2021. A business model that is making great headway is membership sites. One company that is making great headway with a membership site is TechStyle Fashion Group. With Co-Chief Executive Officer’s (co-CEO) Don Reseller and Adam Goldenberg, the business model of subscription membership has proven to be successful.
The business model took off in 2010 JustFab, also headed up by Goldenberg and Don Ressler, launched the first ever membership footwear program. Members received more than 30% off retail price through this method of purchase along with exclusive access to special promotions, as well as products. Members also accrue loyalty reward points and no cost shipping of products. In two years the membership grew to six million members and in 2012, the first quarter, JustFab sold more than 2.5 million pairs of shoes.
JustFab went on to acquire ShoeDazzle and FabKids and expanded to Germany, the United Kingdom, as well as several other countries. The group also launched Fabletics with celebrity Kate Hudson and in 2016 rebranded itself as TechStyle. The rebrand better suit its image in fashion retail and marketing.
Adam Goldenberg, co-founder of the company began his career in business and as an entrepreneur when he was just 13 years old. He started an online bulletin board that eventually turned into a gaming site called “Gamer’s Alliance.” When Goldberg was 17 years old, he sold the gaming site to Intermix and soon after offered Goldenberg the position of Chief Operating Officer (COO). After taking his leave from Intermix he founded Intelligent Beauty (IB), an ecommerce site. IB generated several other companies including JustFab and DermStore. Goldenberg grew up with technology and it became a working part of his business plan. He always saw ecommerce as the way to go to build a digital brand.
Goldenberg and Don Ressler met while both worked at Intermix and later partnered to build an ecommerce company. They chose the fashion industry and knew their strong point would have to be customer satisfaction. Everything would hinge on elevating the customer experience and to create a system and process that is more efficient while maintaining relevancy. TechStyle developed the personal styling component that offers a better shopping experience. TechStyle has an employee force of 2,000 staff members and 4.5 members. They are on-track to make $700 million in revenue this year alone.