Tuesday, May 28, 2013

PAPER: Gibson Guitar raids may be another case of Obama administration targeting

The Internal Revenue Service’s targeting of conservative groups puts the federal government’s raids on Gibson Guitar Corp. in a new light, according to a recent Investor’s Business Daily editorial.

“We don’t what is motivating it,” Juszkiewicz said on the Hugh Hewitt Show. “It is…clear to me that there is some terrific motivation because we are not the only company that uses this type of wood. Virtually every other guitar company uses this wood and this wood is used prominently by furniture and architectural industries, and to my knowledge none of them have been shut down or treated in this fashion.”

In August 2012, Gibson settled with the Department of Justice by agreeing to pay a penalty of $300,000 and a $50,000 community service payment to the National Fish and Wildlife Foundation....

According to IBD, one of Gibson’s top competitors, C.F. Martin & Co., frequently uses the same “East Indian Rosewood” without any legal repercussions. The editorial also notes that C.F. Martin & Co. CEO gives to Democratic candidates, while Gibson’s CEO is a Republican donor.