Word: exemption
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...Moral Grayness," Rand deconstructs the logic of those who assert life is more gray than black and white: "If there is no black and white, there can be no gray--since gray is merely a mixture of the two." How perfectly poetic! How superbly simplistic! (Rand must have been exempt from Lit. & Arts A.) Try mixing yellow, blue and red, my dear...
...more reason that everybody in Washington is wondering whether Gingrich will still be Gingrich once the dust settles. After two years of denying that he had done anything wrong, the Speaker admitted in December that he had failed to seek proper legal guidance before using contributions to his tax-exempt foundation to finance a college lecture course, one that even he said was aimed at the partisan goal of electing a G.O.P. Congress. He also admitted turning in false information to committee investigators...
...royalties he is reported to have earned on To Renew America, the 1995 book for which he was originally offered an improbable $4.5 million advance. The New Republic points out this week that the book leans heavily on copyrighted materials developed for Newt's college course by the tax-exempt group that is at the center of his current problems...
That could well be a violation of irs rules that prohibit tax-exempt organizations from transferring assets to private individuals. It also calls into question Gingrich's claim that he's no Jim Wright--the Democratic Speaker whose ouster he spearheaded--because he never sought to line his own pockets. After taxes, his royalties would have stuffed his pockets with something like $300,000--the amount of his fine. Maybe he should hand it over. If nothing else, it would prove that even when you can't count on the rule of law in Washington, there's always poetic justice...
...years and in a number of situations, Mr. Gingrich showed disregard and lack of respect for the standards of conduct that applied to his activities." The report of the ethics committee adopted by the House today specifically cited Gingrich's failure to get proper legal advice before using tax-exempt funds for political purposes, and for providing inaccurate information in response to a direct request from the committee. The two-year investigation was marked by fierce partisanship in the House as a whole, as well as a quiet bipartisan effort in the subcommittee as it evaluated thousands of pages...