Report questions Gingrich charity's spending
Republican presidential hopeful, former House Speaker Newt Gingrich speaks to the Republican Jewish Coalition at their 2011 Summer Bash, June 12, 2011, in Beverly Hills, Calif.
/ AP
An ABC News report has called into question the ethics of payments from a charity founded by Republican presidential candidate Newt Gingrich to for-profit businesses he also runs.
According to ABC, payments from Gingrich's "Renewing American Leadership" charity to at least two of his business ventures risked, "crossing a bright line that is supposed to separate tax-exempt charitable work from both the political process and such profit-making enterprises as books and DVDs."
The charity paid $220,000 to Gingrich Communications for books and DVDs promoting the embattled Republican's political philosophy, claims ABC.
Confronted by an ABC crew in New Hampshire about the charity's finances Tuesday morning before a campaign appearance, Gingrich refused to comment.
"I'm not concerned about that. The American people aren't concerned about that. Try covering the speech," he said before getting into a car and closing the door on the reporter, who was trying to press him on the matter.
Gingrich's presidential campaign has been dogged by defections and scandals since its very early days.
As CBSNews.com senior political reporter Brian Montopoli wrote following the first GOP presidential debate on Monday, Gingrich did nothing to improve his standing as a "serious long-shot for the nomination" with his televised performance.
Nonetheless, Gingrich has vowed to "endure the challenges" and see his campaign through.
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Not for profit does not mean not for money.
Kaiser Permanente's Managing Director of Investments supervises the HMO's $40 billion non-profit slush fund, all income from which is non-taxable. CEO George Halvorson's annual compensation is $6.7 million. All Permanente Medical Groups are for-profit.
The Kaiser Foundation Health Plan contracts with the for-profit Permanente Medical Groups to provide all medical care to patients, who are Kaiser members. Because Kaiser funnels all members to "a for-profit" doctor partnership, Kaiser Permanente is a for-profit medical care provider just like other health plans.
Kaiser Permanente rents its patients to researchers to secretly test drugs and medical devices, in which for-profit, Kaiser Ventures, invests.
Original investigations are posted on YouTube and HMO Hardball. http://www.youtube.com/watch?v=v0h7tUymj2Y and www.hmohardball.com
Robert Finney PhD
He thinks taking a tax deduction for his old clothes is "charitable".
At least come up with a realistic allegation instead of trying to convince people that a legal act isn't.
You gotta stop drinking that right wing hate filled koolaid. It's clearly affected your mental state.
But then, that is the only "charity" he donated to the whole year so I guess his old underwear is better than nothing for the poor beggars in his town.
Let's hope the IRS reads the news and starts looking into more of these "best sellers" like "Three Cups of Tea" and "Going Rogue." What some of these politicians and PACs term "clever accounting," we taxpayers and the IRS may see as "tax evasion." How did these people's ethics get so incredibly corrupted (half a mil on revolving credit at Tiffany's)?
We need much more transparency in our political leaders. Looks like we're starting to get it.
They should be paying taxes, because they gave up being Christians decades ago.
As CBSNews.com senior political reporter Brian Montopoli wrote following the first GOP presidential debate on Monday, Gingrich did nothing to improve his standing as a "serious long-shot for the nomination" with his televised performance."
SO IS THIS STORY ABOUT THE CHARITY PAYMENTS OR JUST AN ALL OUT ASSAULT ON GINGRICH'S CANDIDACY?
BTW....HOW IS THE BLAGO TRIAL GOING? WHAT'S UP WITH TONY RESKO?