Wednesday, June 15, 2011

Newt's wealth

Newt Gingrich maybe in trouble , Newt Gingrich’s floundering presidential bid may have run into more problems.

ABC News reports that the former House Speaker’s tax-exempt charity paid $220,000 to one of his for-profit companies, Gingrich Communications, buying cases of books and DVDs produced by another one of his companies, Gingrich Productions.

The charity in question is Renewing American Leadership, an organization that Gingrich founded to promote faith, family, freedom, and free enterprise, according to the group’s spoke person.

The IRS will be taking a look into these charges and it is reported Newt's net worth is in the millions and part of that monies came from the tax exempt Charity.

1 comment:

Donna said...

The Republican party may as well hang it up. Most Republicans can't stomach any of the candidates. We're hosed.