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...Rep. Charles Rangel had quietly slipped into the health-care bill broad new provisions cracking down on taxpayers in proceedings with the IRS...
...would strip away legal defenses and pile higher penalties on corporate and individual taxpayers facing IRS proceedings for what they claim are unintentional mistakes...
There are two sets of rules for Rep. Charlie Rangel - the ones he writes for everyone else and the ones that are, or were, beneath his compliance, powerful personage that he is.
Over the past year, Rangel's cavalier disregard of tax and ethics regulations became increasingly evident as his personal affairs were brought to light. There was a harrumphing alibi for each lapse, but the excuses became ever lamer as they mounted.
"it's just a matter of time before [Democratic leaders are] forced to admit they have a serious Rangel problem."
The House ethics committee is investigating, but has done nothing so far. This is on top of Rangel's tax troubles; he failed to report income on a Caribbean villa and paid back taxes (but no penalties or interest) when caught by the IRS.
"The laws of a country ought to be the standard of equity and calculated to impress on the minds of the people the moral as well as the legal obligations of political justice. But tender laws, of any kind, operate to destroy morality, and to dissolve by the pretense of law what ought to be the principle of law to support, reciprocal justice between man and man; and the punishment of a member who should move for such a law ought to be DEATH."
Among the dozen newly disclosed holdings revealed in the amended forms are a checking account at a federal credit union with a balance between $250,000 and $500,000; three vacant lots in Glassboro, N.J., valued at a total of $1,000 to $15,000; and stock in PepsiCo worth between $15,000 and $50,000.
The updated forms report that Mr. Rangel's total net worth is between $1,028,024 and $2,495,000 -- about twice the amount listed in the original disclosure statement, filed in May 2008, which declared assets totaling between $516,015 and $1,316,000.
In the past, Mr. Rangel has explained omissions on financial statements, including his failure to declare $75,000 in rental income from the villa in the Dominican Republic or pay $10,000 in taxes on it, as unintentional bookkeeping errors.
Originally posted by Blaine91555
reply to post by Dr Love
All the more reason we need to stop voting for incumbents.
The only way to break up this gang of Good Ole Boys is to replace them. I've already made the decision to vote against any incumbents, even if I like them.
Originally posted by SyphonX
Someone needs to find him and kneecap him with a baseball bat.