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Saturday, September 06, 2008

Rep. Charles Rangel in more trouble?

So it appears the the below market rent situation was just the tip of the iceberg for Rep. Rangel, Chairman of the House Ways and Means Committee. Apparently he was getting an interest free loan on an investment property, and failing to list his income from rental properties, both in New York and abroad. What is his excuse? He blames his wife, who controls their finances. Yet he signed the tax returns. Hard to believe a member of Congress can't be bothered with following the laws he has helped write and pass. Or wait, maybe that should be easy to believe. Hopefully Republicans will make an big issue of this in the coming months, but New Yorkers are pretty tolerant of corruption, so Rangel probably isn't going anywhere unless the city prosecutor decides to stir things up.

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