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Taxpayers must pay the freight for over-budget train projects
Topic - Dean Zerbe
Far from being a pauper, Sesame Workshop, the company that produces the beloved children's television program that has become an unlikely point of partisan bickering in the presidential campaign, has put away more than $100 million in investments, including more than $20 million in hedge funds and $9.7 million in a private equity fund.
The White House found itself on the defensive over Obama's appointment of a key official to help implement his health care overhaul, facing a torrent of criticism from lawmakers who said the move short-circuits the legislative-oversight process.
When the White House announced Dr. Donald Berwick as President Obama's choice to lead the $800 billion Medicare and Medicaid agency in April, officials hailed his long list of credentials. But Dr. Berwick hasn't seen a patient in years.
The embattled community activist group ACORN appears to be collecting charitable contributions through affiliate organizations that it then uses for impermissible lobbying and political activity, says the Republican staff of the Senate Finance Committee.
"You cannot move money from a charity and to another entity for a purpose that the charity could not do," Dean Zerbe, a former counsel to the Senate Finance Committee, said in an interview.
"What you've got is a tax code that is antiquated and never envisioned these charities to have these expansive business operations," he added. "But now you've got charities that are raking in huge amounts of money and competing with for-profit business that are paying tax. It's right to take a look at it."