Posts tagged as:

Rangel

Rangel Guilty on 11 Counts, Including Failure to Pay Tax

17 November 2010

After Charles Rangel (D-NY) walked out of a contentious hearing on ethics charges, the subcommittee debated the charges without him and found him guilty of 11 violations. The subcommittee found “clear and convincing” evidence of guilt, including failing to pay taxes on rental income earned on a house in Dominican Republic. Of all of the [...]

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Rangel: Gimme Just a Little More Time

15 November 2010

Rep. Charlie Rangel (D-NY) asked for more time today to prepare for his ethics subcommittee hearing. Rangel told the panel that he has not had enough time to hire new legal counsel to address the numerous allegations of ethics violations. Rangel’s last legal team, Zuckerman Spaeder, reportedly gave him the heave-ho in September and Rangel [...]

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What’s Next for Rangel?

30 July 2010

So what’s the punishment for Rangel’s numerous ethics violations, including financial wrongdoing and “harming the credibility of Congress”? A stern reprimand of course. That’ll teach him. CNN is reporting that House ethics committee investigators are recommending that Rep. Charlie Rangel (D-NY) be reprimanded as punishment for 13 ethics violations. Rangel, for his part, says the [...]

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Rangel Gets Slammed

30 July 2010

We’ve seen it coming for quite some time: Rep. Charles Rangel (D-NY), the former head of the powerful Ways and Means Committee, has been hit with 13 ethics violations, including those stemming from tax issues. Stay tuned for more info.

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Rangel We Have Heard on High

4 March 2010

Of course, one of the biggest tax stories of the year would hit while I was on the road… But never fear, I’m on it. And by biggest, I mean huge. Representative Charles B. Rangel (D-NY) has been dodging ethics complaints left and right for a few years now. It’s made news for a few [...]

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Oops, He Did It Again: More Rangel Tax Blips

28 August 2009

Last year, United States Representative Charles B. Rangel (D-NY), who heads up the powerful Ways and Means Committee, found himself in hot water when it came to light that he “forgot” to report some rental income on his personal taxes. Apparently, Rangel’s memory hasn’t gotten any better. In an effort to comply with an ethics [...]

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Legislation Introduced to Tax Bonuses at 90%

19 March 2009

The House Committee on Ways and Means has announced that Rep. Charles B. Rangel (D-NY) has introduced legislation to tax executive bonuses. The legislation, if passed, would affect bonuses received after January 1, 2009. You can read the text of the bill here as a pdf. The legislation, which has been introduced as H.R. 1586 [...]

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Rangel Refuses to Give Up Chair Despite Tax Probe

17 September 2008

Rep. Charles Rangel (D-NY) has announced that he will not step down as chairman of the House Ways and Means Committee, despite an ethics investigation into his personal finances. Instead, according to his lawyer, Rangel will hire a “nationally renowned forensic accounting firm” to review and report his finances. After the review, the report will [...]

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House Passes Tax Bill to Repeal AMT; White House Threatens Veto

26 June 2008

Defying the White House, Representatives in the US House voted to prevent about 22 million taxpayers from being hit by the alternative minimum tax (AMT). What? Oh yeah, just like with any headline, there’s more. The idea of AMT relief was originally endorsed by the GOP (such as Senator McCain). The problem with AMT relief? [...]

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The Mother of All Tax Bills

3 November 2007

Rep. Charles Rangel (D – NY) has unveiled what he calls “the mother of all tax bills.” The result would be a sizable “re-shifting” of the current tax burden which has been heavily criticized even among the wealthy as “tilted to the rich.” According to an analysis by the Tax Policy Center, the shift would [...]

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