Posts tagged as:

Rangel

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 reasons, [...]

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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. [...]

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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? The [...]

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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 mean that [...]

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