Newt Gingrich Charity Paid Cash To Gingrich For-Profit Business

iVillage Member
Registered: 03-18-2000
Newt Gingrich Charity Paid Cash To Gingrich For-Profit Business
3
Thu, 06-16-2011 - 8:30am

>"The blending of charitable and political activity has been a touchy area for Gingrich. In the late 1990s Gingrich became the first sitting House Speaker to be censured and fined by the House Ethics Committee after being accused of drawing money from a tax-exempt organization to help finance his political activities. The IRS later cleared him on the charges, but not before the House ordered him to pay a $300,000 fine.

Since leaving the speakership, Gingrich has built an elaborate conglomerate of businesses and political organizations that have all worked in concert to promote his ideas, sell his books, and keep him in the mix of political figures who shape conservative ideology and messaging. The profit-making portion of the Gingrich empire has helped him amass enough wealth to buy a $1 million home in suburban Washington, D.C., and have a now-infamous $500,000 line of credit at Tiffany's."<

Segment from......

http://abcnews.go.com/Blotter/newt-gingrich-charity-paid-cash-gingrich-profit-business/story?id=13804431&singlePage=true

 


Photobucket&nbs

iVillage Member
Registered: 06-07-2011
A $1 million dollar home in the Washington DC area is not as nice as you might think. Now, the $ 500,000 Tiffanies line of credit is strange. Remember, Obama's home in Chicago is worth way more than a million. All politicians built their wealth by writing books, etc. Obama sure did.

Also, there are many politicians who did shady things on both sides of the aisle. Remember Charlie Rangel? Obama has a cabinet full of tax cheats. To dig up something that happened a decade ago and make an issue of it now is just odd. But, I guess that's politics.
iVillage Member
Registered: 03-18-2000
After getting slapped on the knuckles in the '90's one would think, or hope, he'd have been more careful.

 


Photobucket&nbs

iVillage Member
Registered: 06-07-2011
As I read through the article, I couldn't find where they found he did anything illegal. I agree it appears shady, but even the IRS cleared him of the charges that were filed against him a decade ago.

So, unless I missed something, it sounds like he is a master at working the tax laws in his favor. Shady? Yes. Illegal? Doesn't look like it.

So, as a am NO fan of Gingrich, it looks to me like this article (from ABC, nonetheless), is nothing more than an attempt to smear him without any facts whatsoever.