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August 28, 2016 / 24 Av, 5776

Posts Tagged ‘Adelson’

Adelsons Again Donate $500K to Super PAC Supporting Boteach

Wednesday, October 17th, 2012

Casino magnate Sheldon Adelson and his wife for a second time have given $500,000 to a Super PAC supporting Rabbi Shmuley Boteach’s bid for Congress.

The Adelsons gave the money to the Patriot Prosperity PAC, The Wall Street Journal reported, citing people with knowledge of the gift, after having given the same amount earlier this year. They also gave $10,000 directly to the Boteach campaign.

Boteach is running as the Republican candidate in New Jersey’s 9th Congressional District against eight-term incumbent Rep. Bill Pascrell (D-N.J.).

Boteach, who once was affiliated with the Chabad movement, bills himself as “America’s Rabbi.” He hosts a show on TLC called “Shalom in the Home” and is the author of several books, including “Kosher Sex,” “Kosher Adultery,” “The Kosher Sutra” and, most recently, “Kosher Jesus.”

Adelson has said multiple times that a candidate’s support for Israel is critical to whether he gives and how much. He has given $10 million to a Super PAC supporting Republican presidential candidate Mitt Romney, and earlier in the campaign put $20 million toward Newt Gingrich’s GOP primary bid.

Super PACs can raise unlimited sums from corporations, unions and other groups, as well as individuals, and indirectly support a political candidate. They cannot by law coordinate with the candidate’s official campaign.

JTA

What is More Virtuous: Paying Taxes or Giving Charity?

Wednesday, September 19th, 2012

David Axelrod was manhandled across cyberspace for tweeting an attack against Republican donors Sheldon and Miriam Adelson on the morning of September 11th. Let’s be charitable here and forgive Axelrod his breech of etiquette given that campaigns become so intense you can easily get carried away without meaning to. Whatever the case, Axelrod was reacting to a report in the Huffington Post that if Mitt Romney won the election people like the Adelsons could save billions in taxes. The report also said that a repeal of the estate tax could save billions more.

As the Adelsons are arguably the world’s foremost supporters of Jewish causes and charities, this raises for a Rabbi who is also a congressional candidate the question of what is a bigger mitzvah: paying taxes or giving charity. Surely even Axelrod, or other critics of the Adelsons, are not suggesting the couple have a problem parting with their money, as they regularly contribute hundreds of millions of dollars to charity. Rather, the argument is that they should be paying higher taxes, and the payment of higher taxes on the part of the super-rich has been a constant campaign theme.

Mind you, even Obama and Axelrod have their limits. They are not advocating confiscatory taxation as is, say, France’s new President Francois Hollande, whose plans to tax those making more than a million euros per annum at a rate of 75% is already leading to an exodus of the rich. No, President Obama wants the Bush tax cuts to expire at the end of the year leading to a federal tax rate of 39% for those in the highest bracket.

But since America came into being as a protest against unfair taxation, what rate is fair, even for the super-rich? For example, in my home state of New Jersey a millionaire will pay, at present, 35% of his income to the Federal government and then nearly 10% percent to the state, and New Jersey was changed by Democrat Jon Corzine to a net income state, meaning you cannot deduct what you pay in Federal Taxes from your state tax bill. That means about half your income goes to taxation, and that’s before real estate tax (in New Jersey it’s arguably the highest in the nation), sales tax, and the myriad other taxes we each pay on a daily basis (take a look at your monthly cell phone bill to see if you can even count how many taxes there are).

Still we are told that America’s taxes ought to be higher. In New Jersey it hasn’t worked. People are leaving the state because they’re tired of being ripped off. So while we lost a Congressional seat, leading to a terribly bitter Democratic primary here in the 9th district, Florida and Texas, which have no state income tax, added a bunch. When I meet people campaigning, they tell me that taxes are the number one issue for them.

Are American citizens really expected to feel guilty about not paying enough tax? When we see such incredible government waste, should we be eager to fork over more money to see it so much of it squandered?

Take President Obama’s trillion dollar stimulus that seemed to have stimulated only greater American resentment at paying taxes. Nearly a trillion dollars was poured down a sinkhole but produced no jobs or greater economic performance. I even remember reading a story after the package passed in February 2008 of a public school that was sent hundreds of thousands of dollars to spend. The school responded they didn’t need the money. They had good facilities and new equipment. No matter. They were told they had to spend the stimulus funds.

I remember being deeply upset. I’m an orthodox Jew. I have a right to educate my children in the Jewish tradition, just as Catholic, Islamic, and Christian parents. I send my kids to a Jewish day school. But not a dollar of my hard-earned tax dollars is allowed to pay a single expense at my children’s Yeshivas and Jewish day schools, even for completely secular subjects. Religious parents throughout the country are having fewer children as they struggle to keep up with insanely high taxes and insanely high tuition. Yet here was a school having our tax dollars being shoved down its throat when it didn’t want or need the money.

Rabbi Shmuley Boteach

Ryan Meets Adelson, Discusses a Certain Mid-Eastern Country

Thursday, August 16th, 2012

Just four days after being tapped by presumptive GOP nominee Mitt Romney as his running mate, Paul Ryan met with Sheldon Adelson, a major donor to Republican causes in an effort to defeat President Obama.

Ryan, a Wisconsin congressman, met Tuesday with Adelson and other major Republican donors at the casino magnate’s Venetian hotel in Las Vegas.

The New York Times reported that the private meeting was geared in part at assessing the foreign policy views of Ryan, the chairman of the U.S. House of Representatives Budget Committee, who is better known for his tough proposals to slash government spending.

Romney named Ryan as his vice presidential choice on Saturday in what was seen in part as a bid to consolidate grass-roots conservative support for the ticket. The Romney campaign says it picked up $3.5 million within 24 hours after Romney named Ryan on Saturday.

Adelson, perhaps the biggest single American donor to pro-Israel causes, has pledged up to $100 million to defeat Obama. The billionaire has already contributed more money to defeat Obama than anyone, according to the Times: more than $50 million, including $10 million to a pro-Romney super PAC and $10 million to Crossroads GPS, which is running millions of dollars worth of ads against the president.

That’s out of an estimate total worth of just under $25 billion.

Jewish Press News Briefs

Is Sheldon Adelson Destroying Israel’s Newspapers?

Tuesday, August 14th, 2012

According to the Israeli financial website Globes, Sheldon Adelson is in advanced negotiations to purchase the Ha’aretz printing plant. The deal is believed to be in the order of $25 million dollars.

Over the past few months, Adelson’s free daily, Yisrael Hayom, has been searching for a new printing facility to replace the Ha’aretz plant where it currently prints its daily freesheet. Ha’aretz’s plant handles the printing for a number of different newspapers.

Adelson had recently been in negotiations with Nochi Dankner, a major shareholder and chairman of publicly traded IDB Group, Israel’s largest diversified business group with assets of more than $30 billion, to purchase Ma’ariv’s Levin Epstein Printing House. But that deal apparently fell through, striking a hard blow for Ma’ariv which is desperately strapped for cash. Ma’ariv has been looking to sell the printing plant and the land it sits on.

Many Israeli newspapers have been firing staff and “streamlining” these past few months. The right-wing Makor Rishon is one notable exception to the rule.

Globes reports that Ha’aretz announced it was firing 70 employees, some 32 from their own paper, and the rest from their financial daily, The Marker. Yediot Achronot will be firing dozens, many of them likely to be dropped from its website Ynet. Ma’ariv recently shut down its weekday print run, and fired 30 employees in June.

Yediot executives are blaming Adelson and Yisrael Hayom for destroying the Israeli newspaper industry, and more specifically, for destroying Ha’aretz and Yediot Achronot with the introduction of the free daily broadsheet.

Shalom Bear

Dershowitz: NJDC’s David Harris Must Go

Friday, August 10th, 2012

Harvard Law School Professor Alan Dershowitz told Breitbart News that David Harris, head of the National Jewish Democratic Council, must step down.

“David Harris and the National Jewish Democratic Council are a bunch of liars. I, Alan Dershowitz, a Democrat, am calling for David Harris to step down in the interests of the Democratic Party. He’s going to turn Jewish voters away from the Democratic Party. They’re going to vote for the Republicans because of what David Harris and the National Jewish Democratic Council are doing.”

Billionaire Sheldon Adelson has filed a $60 million libel suit against the National Jewish Democratic Council, Chairman Marc R. Stanley, and CEO David Harris. According to the suit, an article posted on the NJDC website and circulated via e-mail repeated allegations that Adelson condoned prostitution in his Chinese casinos. Dershowitz in the confirmed in the Breitbart News interview that Harris knew the allegations against Adelson were untrue when he wrote his article and email:

“I personally told Harris that the man who made the charges wrote in a contemporaneous e-mail that he didn’t believe them himself. Then the Democratic Congressional Campaign Committee also dropped the allegations against Adelson. In the face of these two pieces of hard evidence that these charges were a lie, Harris went ahead and knowingly published the lie. He knows it’s a lie.”

Dershowitz’s criticisms included NJDC Chairman Marc Stanley’s challenge to debate Sheldon Adelson, about which Dershowitz said: “It’s absurd. You don’t debate liars.”

Jewish Press Staff

Adelson Suing the National Jewish Democratic Council for Defamation

Wednesday, August 8th, 2012

Casino magnate Sheldon Adelson’s lawyers sent a warning letter to the NJDC and to the Democratic Congressional Campaign Committee last week, after both groups had called on Republicans not to take money from Adelson following an allegation by a fired employee that the billionaire had approved of prostitution at his facilities in Macau, China.

The allegation first appeared in an Associated Press account of the lawsuit filed by Adelson’s former employee, Steven Jacobs, who had managed Adelson’s Macua business until being fired in 2010.

The DCCC apologized last week, but NJDC has refused to do so, and Adelson filed the lawsuit this week.

NJDC revealed the lawsuit in the following statement on its website:

“We will not be bullied into submission, and we will not be silenced by power. This is not Putin’s Russia, and in America, political speech regarding one of the most well-known public figures in our country is a fundamental right. One would think the person making greatest use of the Citizens United ruling would understand this. To be sure, referencing mainstream press accounts examining the conduct of a public figure and his business ventures—as we did—is wholly appropriate. Indeed, it is both an American and a Jewish obligation to ask hard questions of powerful individuals like Mr. Adelson, just as it is incumbent upon us to praise his wonderful philanthropic endeavors.

“We know that we were well within our rights, and we will defend ourselves against this SLAPP suit as far and as long as necessary. We simply will not be bullied, and we will not be silenced.”

“Referencing mainstream press accounts examining the conduct of a public figure and his business ventures – as we did – is wholly appropriate,” it said in a statement. “Indeed, it is both an American and a Jewish obligation to ask hard questions of powerful individuals like Mr. Adelson, just as it is incumbent upon us to praise his wonderful philanthropic endeavors.”

NJDC officials referred to Adelson’s suit as a “strategic lawsuit against public participation,” or SLAPP, a term used for legal maneuvers aimed not at obtaining justice but silence.

Adelson’s publicist, Ron Reese, had no immediate comment.

Back in July, NJDC Chair Marc R. Stanley and President and CEO David A. Harris issued the following statement, regarding their “Sheldon Adelson Petition”:

“Regarding our recent campaign surrounding Sheldon Adelson, we don’t believe we engaged in character assassination; we stand by everything we said, which was sourced from current, credible news accounts. Accusations against Mr. Adelson were made not by us, but by others, including Senator John McCain (R-AZ). Nonetheless, we regret the concern that this campaign has caused. And in the interest of shalom bayit (peace in our home / community), we are going to take down our petition today. Moving forward, we’ll continue to work hard to fight against the unique threat posed by the outsized influence of certain individual megadonors, which rightly concerns most Americans and most American Jews.”

Apparently, backtracking did not yield the desired “shalom bayit.”

Since the May, 2004 opening of the Sands Macao, Adelson’s personal wealth has grown from just under $2 billion to an estimated $24.9 billion as of March, 2012. However, Adelson’s company is reportedly under federal investigation over alleged violations of the Foreign Corrupt Practices Act relating to payments made to a Macao lawyer.

JTA content was used in this report.

Jewish Press Staff

Passionate And Opinionated, Adelson Makes Waves In Presidential Race

Wednesday, August 8th, 2012

WASHINGTON – Call it the Adelson conundrum: What happens when the guy who acts as if he owns the room really does?

In March at TribeFest, the annual gathering of young adults organized by the Jewish Federations of North America at the Venetian hotel in Las Vegas, Sheldon Adelson walked in on a surrogate debate between Matt Brooks, who directs the Republican Jewish Coalition, and his counterpart at the National Jewish Democratic Council, David A. Harris.

Adelson, who owns the Venetian, was the first to ask a question. He went on to berate Harris for six minutes, describing President Obama as a “crybaby” who should be in diapers, according to several people in the room, including an organizer.

The organizer, speaking on background, said the time Adelson used and his tone were luxuries that would not have been afforded anyone else. The difference, as the organizer said, is that Adelson “owned the room, literally.”

That same sense of entitlement could be driving the 79-year-old Adelson’s conversations with Mitt Romney, the presumptive Republican nominee for president.

This week it was reported that Adelson was pressing Romney to speak out publicly in favor of the release of convicted spy Jonathan Pollard, to commit to moving the U.S. Embassy in Israel to Jerusalem from Tel Aviv, and to declare the Palestinians as unwilling to make peace. Romney, the report said, is resisting.

Through political action committees, Adelson and his wife, Miriam, have funneled $10 million toward Romney’s election effort. Adelson has said he’s willing to spend up to $100 million to defeat Obama.

Those close to Adelson say politics are a small part of what makes him tick.

“He is passionately committed to Jewish life and living, and to Israel,” said Elliot Karp, the director of the Las Vegas Jewish Federation. “And he is no more or less polarizing than anyone else who gives his opinions.”

Adelson has given nearly $100 million to Birthright Israel, the program that brings Jews aged 18-26 to Israel for free. He revived the fortunes of the Yad Vashem Holocaust memorial in Jerusalem with a $25 million gift in 2006. He has established a $4.5 million Jewish studies center in his name at the Shalem Center, a right-wing think tank in Jerusalem. His relatively smaller donations have helped bolster groups such as the Zionist Organization of America and The Israel Project.

“The true story is that the amount of money he spends on politics is dwarfed by what he gives to philanthropy,” said the Republican Jewish Coalition’s Brooks. “They are the single most important philanthropists in the Jewish community, in terms of Birthright, Yad Vashem and medical research,” he said of the Adelsons.

Adelson is the 15th richest man in the world, according to Forbes, with an estimated worth of $25 billion.

The confluence of Adelson’s three major interests – Jewish philanthropy, Republican politics and the casino business, which is how Adelson became one of the world’s richest men – has become one of the preeminent narratives of this election campaign.

Some frustrated Jewish Democrats believe the Jewish community is unduly influenced by its single largest donor.

“It’s very intimidating,” said Steve Rabinowitz, a leading public relations consultant to Jewish and Democratic causes, speaking of Adelson’s influence. “Where he’s given money, he’s given extraordinary amounts of money, and I’ve seen it firsthand.”

For his part, Adelson is unapologetic about using his money to influence policy.

“I’m against very wealthy people attempting to or influencing elections,” he told Forbes in February. “But as long as it’s doable I’m going to do it. Because I know that guys like Soros have been doing it for years, if not decades,” he said, referring to the left-wing financier George Soros, who also is Jewish.

The admixture of Adelson’s politics and charitable giving is not new. In December, addressing a Chanukah gathering in Israel of hundreds of Birthright participants, Adelson championed Newt Gingrich after the then-Republican candidate for president said the Palestinians were an “invented people.” At the time, Adelson was the single biggest backer of Gingrich; he and his wife gave $16.5 million to the ex-House of Representatives speaker’s effort.

In 2007, Adelson broke with the American Israel Public Affairs Committee over its support for a congressional letter calling for a massive increase in funding for the Palestinian Authority. Adelson previously had been one of AIPAC’s major backers, helping to fund its new Washington headquarters.

Ron Kampeas

Printed from: http://www.jewishpress.com/indepth/news-extra/passionate-and-opinionated-adelson-makes-waves-in-presidential-race/2012/08/08/

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