The church that is the subject of the recent IRS warning regarding the political nature of a sermon just prior to the 2004 election has posted the IRS letter, the church's response, and the sermon itself, as well as a November 13, 2005 sermon about the IRS issue. It is all accessible here.
It is clear that the sermon mentioned specific political candidates by name and discussed specific policies and proposals forwarded by those candidates. It includes some negative statements about both Kerry and Bush, but it could be read to condemn many of Bush's policies and, implicitly, Bush's candidacy. Thus, contrary to my earlier posting, it may well have crossed over the line drawn for tax exempt organizations.