IRS NEEDS TO SHUT OUT THE JIM BUNNING FOUNDATION: WILL SENATOR GRASSLEY PLAY HARDBALL WITH HIS REPUBLICAN COLLEAGUE?
DATELINE: June 16, 2009, Chicago
Jim Bunning may be a United States Senator, but that does not mean that he is above the law. Based on a report appearing in the Hill, the IRS should revoke the tax-exempt status of the Jim Bunning Foundation. Reid Wilson, Bunning Makes $20K From Baseball Signings (June 12, 2009). According to the article, Bunning is prohibited from selling his autograph because of Senate ethics rules. In an apparent attempt to steal home base, Bunning created a charitable foundation. Senate ethics rules reportedly permit the foundation to sell the baseballs that Bunning autographs and donates to the foundation. That’s a story by itself.
According to the 2008-Form 990-EZ filed by the foundation, Bunning was paid...