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ISN’T THAT THEFT? Obama And DNC Refuse To Pay Back $10 MILLI

MoGal

Well-known member
So I won't have to post all their links as well and they give the original source.... and read the second story if you have time, perhaps that's the plan for the sequester.

ISN’T THAT THEFT? Obama And DNC Refuse To Pay Back $10 MILLION Loan

http://www.nowtheendbegins.com/blog/?author=1
 

hypocritexposer

Well-known member
Just more "smoke and mirrors", from the Dems. They claim they are not in bed with corporations, but they are.

The DNC host committee struggled to raise money under fundraising rules set by the White House that banned corporate cash contributions. By last October, a month after the convention, it had raised $24.1 million of the original $36.6 million goal.

Read more here: http://www.charlotteobserver.com/2013/03/01/3885178/duke-energy-wont-be-repaid-from.html#storylink=cpy

The WH sets some rules, that were worked around...thye probably knew from the get go, that it was a corporate donation.
 

Steve

Well-known member
A Duke Energy official told the Charlotte Observer on Thursday that Democratic officials would not repay the $10 million they owe the company. Instead, Duke Energy will write off the loan as a business expense. Shareholders are expected to absorb $6 million of the cost of the loan.

In effect, Duke Energy’s “loan” has turned out to be a $10 million contribution to the Democratic convention.

The decision by Democratic organizers not to repay the loan smacks of hypocrisy. In the run-up to the convention, Rep. Debbie Wasserman Schultz (D-Fla.), the chair of the Democratic National Committee, vowed that convention organizers would not accept corporate money.

Yet even before the Duke loan became a straight-up donation, various convention committees revealed that they accepted corporate money. One committee took in at least $5 million in corporate money to rent Charlotte’s Time Warner Cable area and a million more in in-kind contributions from AT&T, Bank of America, Coca-Cola, Microsoft, and Costco.

A Duke company official said the company was claiming the money as a business expense for tax purposes

FEC rules apply to direct contributions to campaigns and parties and, in different ways, to political action committees, or PACs. They also govern so-called super PACs, which aren't supposed to coordinate with candidates, or contribute to them.

In general, donations to these organizations must be disclosed to the FEC, which publishes the information on its website. Donation amounts are often limited and aren't tax-deductible.

I guess the liberals have figured out another way to not pay the taxes they owe..
 

hypocritexposer

Well-known member
CHARLOTTE, N.C. -

Duke Energy has finalized an agreement with the Department of Energy for $204 million in stimulus funds to support smart grid projects in the company’s five-state service territory.

http://www.duke-energy.com/news/releases/2010051301.asp
 
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