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09-25-2009, 04:11 PM #1
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Grassley:ACORN Uses Tax-Exempt Entities-Funnels Itself Money
Grassley: ACORN Uses Tax-Exempt Entities to Funnel Money to Itself
by Connie Hair
09/25/2009
ACORN is using a tangled web of tax-exempt organizations to funnel tax money to itself according to a detailed review released last night by Sen. Chuck Grassley (R-Iowa), the ranking Republican on the Senate Finance Committee.
[Report: http://finance.senate.gov/press/Gpress/ ... 92409d.pdf ]
Some or all of them may be nothing more than shell companies used to pass money from the government directly through to ACORN and its affiliates.
“This analysis regarding the vast number of charitable organizations that ACORN set up to funnel money to itself raises questions about whether ACORN used the entities to advance the charitable mission of helping poor people get housing, or whether the entities were used as part of a shell game to funnel charitable funds to a taxable entity,â€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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