The Obamas gave more than $240,000 to charity last year, about 5.7% of their income, their tax return shows. Their charitable giving has risen with their income; in 2000, when the couple made $240,726, they gave $2,350 to charity, about 1% of their income.
http://www.usatoday.com/news/politics/election2008/2008-09-12-biden-financial_N.htm
Biden has averaged $330 per year over the last decade.
New tax tab for Rev. Al
By ISABEL VINCENT and MELISSA KLEIN
Last Updated: 8:07 AM, February 6, 2011
Posted: 1:54 AM, February 6, 2011
http://www.nypost.com/p/news/local/manhattan/new_tax_tab_for_rev_al_9AYQ303PriYqOEJqTs3bCP# http://www.nypost.com/p/news/local/manhattan/new_tax_tab_for_rev_al_9AYQ303PriYqOEJqTs3bCP# More
Print The Rev. Al Sharpton, who has vowed to clean up his fiscal house, has a new tax lien to pay.
Sharpton owes $359,973 to the IRS for 2009 personal income tax, according to documents on file with the city.
Public records show he owes a total of $3.7 million in city, state and federal taxes, including penalties, dating to 2002. But Sharpton's spokeswoman, Rachel Noerdlinger, said that he had paid back "well over seven figures" as part of agreements with the state and IRS and that the liens remained on the books as "a matter of bureaucracy."
Sharpton made $250,000 as head of the nonprofit National Action Network in 2009, a year that ended with the group owing $1.1 million in taxes and having just $36,397 cash on hand.
The organization also pays for first-class or charter travel for Sharpton and other NAN staff, according to its 2009 tax return. Noerdlinger declined to say for whom.
Read more: http://www.nypost.com/p/news/local/...r_rev_al_9AYQ303PriYqOEJqTs3bCP#ixzz1kb0GRCs6
Parent of Obama-backed battery maker goes bankrupt
Published January 27, 2012
| Associated Press
-
AP
January 26, 2011: Vice President Joe Biden tours Ener1 in Greenfield, Ind.
WASHINGTON – The parent company of an electric car battery maker that received a $118 million grant from the Obama administration filed for Chapter 11 bankruptcy protection on Thursday.
New York-based Ener1 said it has been affected by competition from China and other countries.
Ener1 subsidiary EnerDel received a $118 million stimulus grant from the Energy Department in 2009, and Vice President Joe Biden visited the [COLOR=blue !important][FONT=inherit !important][COLOR=blue ! important][FONT=inherit ! important]company's[/FONT][/FONT][/COLOR][/COLOR] new battery plant in Indiana last year.
Ener1 is the third company to seek bankruptcy protection after receiving assistance from the Energy Department under the economic stimulus law. California solar panel maker Solyndra Inc. and Beacon Power, a Massachusetts energy-storage firm, declared bankruptcy last year. Solyndra received a $528 million federal loan, while Beacon Power got a $43 million loan guarantee.
Solyndra, of Fremont, Calif., was the first renewable-energy company to receive a loan guarantee under the 2009 stimulus law, and the Obama administration frequently touted it as a model for its clean energy program.
Since then, the company's implosion and revelations that the administration hurried a review of the loan in time for a 2009 groundbreaking has become an embarrassment for President Barack Obama and a rallying cry for GOP critics of the administration's green energy program.
The chairman of a House subcommittee that is investigating Solyndra said the latest [COLOR=blue !important][FONT=inherit !important][COLOR=blue ! important][FONT=inherit ! important]bankruptcy[/FONT][/FONT][/COLOR][/COLOR] showed that the administration's clean energy program has failed.
"Unfortunately, you can now add Ener1 to the growing list of failed companies that went belly up after hundreds of millions of dollars in administration backing," said Rep. Cliff Stearns, R-Fla.
"One bankruptcy may be a fluke, two could be coincidence, but three is a trend," Stearns said. "Our investigation continues, and we are working to ensure taxpayers are never again stuck paying hundreds of millions of dollars because of the administration's risky bets."
An Energy Department spokeswoman said EnerDel had received $55 million so far under a program in which EnerDel matches federal investment dollar-for-dollar. Ener1 said in a statement that the restructuring would not affect EnerDel's operations. The company makes lithium-ion batteries for electric cars such as the Chevrolet Volt.
"While it's unfortunate that Ener1, the parent company, has entered a restructuring process," a recent infusion of $80 million in private investment "demonstrates that the technology has merit," said Jen Stutsman, a spokeswoman for the Energy Department.
"The restructuring is not expected to impact EnerDel's operations and they do not expect to reduce employment at the site" near Indianapolis, Stutsman said.
Read more: http://www.foxnews.com/politics/201...ed-battery-maker-goes-bankrupt/#ixzz1kfGomyCU
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