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IRS says GOP nominee for Calif. governor among dozens of participants in suspect tax shelters
Associated Press ^ | 7-12-02 | MARK SHERMAN

Posted on 07/12/2002 11:00:42 AM PDT by Oldeconomybuyer

Edited on 04/13/2004 2:40:33 AM PDT by Jim Robinson. [history]

WASHINGTON (AP) --

(Excerpt) Read more at sfgate.com ...


TOPICS: Breaking News; Business/Economy; Crime/Corruption; Culture/Society; Government; News/Current Events; Politics/Elections; US: California
KEYWORDS: audit; calgov2002; gop; irs; knife; simon
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To: Oldeconomybuyer
. . . dozens of participants in suspect tax shelters . . .

Any liberals in good standing with the DNC on that list? 'Nuff said.

41 posted on 07/12/2002 1:37:43 PM PDT by LibWhacker
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To: Carry_Okie
Bingo. This reeks of Rove.
42 posted on 07/12/2002 1:43:36 PM PDT by B Knotts
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To: demlosers; WIMom; Alamo-Girl; JohnHuang2
Don't I remember reading that the head or some high powered IRS official was a college buddy of Hillarys? Help me out here...Guild research topic maybe?
43 posted on 07/12/2002 1:47:33 PM PDT by Black Agnes
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To: Wolfstar
Maybe he is running as the unCandidate .. Its not as if he doesn't have bucks and friends. We are in a new age of political chicanery, after all. This media bias thing sucks BigTime.
44 posted on 07/12/2002 1:52:23 PM PDT by NormsRevenge
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To: Iconoclast2
Good ol' George W. Bush still running 75% of the Clinton Administration.
45 posted on 07/12/2002 2:01:30 PM PDT by First_Salute
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To: Black Agnes
The current IRS Chief Rossotti appears to be of dubious character, a link to a compilation of wrong doing.
46 posted on 07/12/2002 2:18:39 PM PDT by demlosers
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To: ElkGroveDan
Who was the last conservative Republican to win any statewide office in California? Of course, Simon would win against Davis if he were not such a flawed candidate, and I am not speaking about ideology here.
47 posted on 07/12/2002 2:40:31 PM PDT by Torie
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To: Oldeconomybuyer; ElkGroveDan
KPMG is a top accounting firm with a good reputation. I don't see any shame in getting advice from it and using same.

In fact, I agree with the KPMG representative - this is an appalling violation of taxpayer privacy. At this point, the matter is between KPMG and the IRS. KPMG packaged the product and represented it as a tax shelter; Simon and friends bought it. There is nothing at all illegal or unethical about it.

Tax shelters exist because the government wants to encourage people to do certain things, such as build affordable housing. In the aggregate they are probably bad for the economy because they distract taxpayer attention from earning as much of a return as humanly possible. But if you feel they are morally questionable, talk to Congress about it.

I might add that many of you enjoy the best tax shelter at my expense: You own a home and deduct mortgage interest. This is because many people in the government feel - quite reasonably, in my opinon - that citizens should be encouraged to own their homes. Since I live in one of the most expensive housing markets in the nation, I can't afford a home, so I am helping to subsidize yours. This is no different than what Simon did.

D

48 posted on 07/12/2002 2:47:27 PM PDT by daviddennis
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To: ElkGroveDan
That maybe true but it explains why Bush was supporting Riordan...

And many on this forum criticized Bush for it... Well it appears that Bush knew more than many on this forum...

49 posted on 07/12/2002 3:16:44 PM PDT by marajade
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To: Free Vulcan
You are absolutely right. This just shows how truly desperate the Democraps are.

Simon stands a very good chance of winning as we have not had a Democratic Governor as corrupt as Davis in our State history nor one as stupid since the beginning of WWII (not even Moonbeam was as stupid as Davis, but he came close).

50 posted on 07/12/2002 3:48:18 PM PDT by sailor4321
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To: daviddennis
Actually, I wouldn't be surprised if those individuals whose names were disclosed don't have standing to sue... and I hope they do.
51 posted on 07/12/2002 3:50:06 PM PDT by sailor4321
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To: ElkGroveDan
Most importantly why would you want someone MORE liberal than Davis to be governor?

Bet you're a Hitlary Clinton fan also... and bet you didn't vote for Bush.

52 posted on 07/12/2002 4:11:20 PM PDT by Gracey
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To: andy_card
Riordan had a chance of being elected.

No, Riordan blew his chance early this year. He lost the primary election in March by 18%, even though it was a "modified open primary," in which the large block of voters not registered with a political party could vote partisan ballots, and he showed that he didn't know how to campaign.

He also failed to differentiate himself from Davis on liberal social and fiscal issues. Bill Simon is a much better candidate, and he is the one with the real chance of being elected.

Simon: 49%,
Riordan: 31%,
Jones: 17%, and
Others: 2% total in the March 2002 California primary.

53 posted on 07/12/2002 4:23:32 PM PDT by heleny
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To: Gracey
MEEEEEEEE??????????

What ever would make you think I was liberal????

My first child was born on Rush Limbaugh's birthday. Conservatism runs in my veins baby.

54 posted on 07/12/2002 5:27:38 PM PDT by ElkGroveDan
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To: marajade
And many on this forum criticized Bush for it... Well it appears that Bush knew more than many on this forum...

Oh give me a break!!!!! This is another campaign jab and nothing more. Bill Simon hasn't done anything wrong. i am appalled that the IRS would release the names of people not charged with any crime. As someone else pointed out, this is smearing by partisan holdeovers.

Davis has a 57% negative rating right now. He is the one wh CANNOT win.

55 posted on 07/12/2002 5:30:36 PM PDT by ElkGroveDan
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To: Torie
Simon would win against Davis if he were not such a flawed candidate, and I am not speaking about ideology here.

My my the tories certainly do come out of the woodwork when the redcoats are advancing. Where were all you people the past few months as the polls have been swinging in Simon's favor.

Davis has 57% negatives. The people in his OWN PARTY can't stand him. This scurrilous little jab is not going to make a sliver of a difference in this race.

The most recent political poll released has Simon up 8 points.

56 posted on 07/12/2002 5:35:12 PM PDT by ElkGroveDan
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To: Black Agnes
That sounds like a Guild pick. I don't recall it on the Downside Legacy.
57 posted on 07/12/2002 8:19:31 PM PDT by Alamo-Girl
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To: eureka!
A further preview of things to come. Look for this in the next round of Grayout ads. *sigh*

If the Republican party went back to nominating men who didn't accomplish their lot in life on their father's coat tail's, which is Simon's claim to fame, they wouldn't be in this pathetic situation. Men like Reagan, Goldwater (before he went senile) and Senator McCarthy (I'll gladly take some hits on this one) stand head and shoulders above these "boys" that are running the party today.

58 posted on 07/12/2002 8:27:58 PM PDT by Kobyashi1942
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To: Linda Liberty
Bush has been running the country for going on half his term. At this point he has to take responsibility for the acts of his administration and/or admit he's incompetent.

Hear, Hear! It is about time Republicans stop blaming everything on CLinton. The clowns who did this in the IRS may very well be Clinton appointees, but why did Bush let them stay there?

59 posted on 07/12/2002 8:29:55 PM PDT by Kobyashi1942
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To: Ernest_at_the_Beach; Grampa Dave; Carry_Okie; Registered; snopercod; Dog Gone; Lazamataz
Oh Bull Crap! I just heard on the 8:PM ABC radio news that the IRS is getting irritated with lawyers and accountants who help people avoid paying Income Taxes and are looking for "hydes" to nail on the outhouse wall to give anyone brave enough, something to "think" about.

Why don't we simply truncate the last phrase of the National Anthem and leave off "the home of the brave." Hell, everybody's guilty now, until proven innocent. Every CEO, every candidate, everyone in any position of authority or responsibility.

Every charge thrown around by any crack-pot environazi or other politically obsessed fruitcake and amplified by the media seems to demand that candidates, electeds or anyone else that is successful be suddenly required to prove a "negative!"

For example: Larry Klayman, Harvey Rosenfeld, Jesse Jackson, that Suckling dude from AZ, et al. It's getting frightening and funny all at the same time. It's so easy to destroy what take years and millions to establish, with some of these cheap, but unchallengable challenges!!!

60 posted on 07/12/2002 8:38:25 PM PDT by SierraWasp
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