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…
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…
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…
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.
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…
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…
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…
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…
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?…
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…