This photo was Tweeted by Rep. Charles Rangel (D-NY) yesterday. Also in the photo is House Majority leader Eric Cantor (R-VA). Along with the photo, Rangel Tweeted this:
My ears perking up to hear RepCantor saying taxes will go up under Pres Obama. It’s called “paying your fair share”!
In 2008 Rangel admitted not paying taxes on rental income from a Dominican Republic beach house after it was exposed by the National Legal and Policy Center (NLPC). It was one of the counts in his 2010 Censure by the House.
Of course, Rangel used to be Chairman of the House Ways and Means Committee, which writes the tax laws. He resigned that post after being admonished by the House Ethics Committee for accepting corporate sponsorship of Caribbean junkets. We exposed that, too.
Many months after the Dominican revelation, Rangel amended his financial disclosure forms to show that he failed to … Read More ➡
Tonight, the Democratic National Convention will reportedly highlight the “success” of the auto bailout. Michelle Malkin comments in a column today, and quotes NLPC Associate Fellow Mark Modica:
The claims that GM paid back its taxpayer-funded loans “in full” – a story peddled in campaign ads narrated by Hollywood actor Tom Hanks – were debunked by the Treasury Department’s TARP watchdog this summer. GM still owes nearly $30 billion of the $50 billion it received, and its lending arm still owes nearly $15 billion of the more than $17 billion it received. Bailout watchdog Mark Modica of the National Legal and Policy Center adds: “In addition to U.S. taxpayers anteing up, Canada put in over $10 billion, and GM was relieved of about $28 billion of bondholder obligations as UAW claims were protected. That’s an improvement of almost $90 billion to the balance sheet, and the company still lags
New York State Senator Shirley Huntley (D-Queens) announced on Saturday that she expects to be arrested on Monday on corruption charges. In March 2011, NLPC exposed a sham charity she founded called The Parent Workshop, to which she steered tens of thousands in taxpayer money.
NLPC’s Huntley allegations were a byproduct of our investigation of U. S. Rep. Gregory Meeks (D-NY), and a sham charity with which he was associated called New Direction Local Development Corporation. Among other irregularities, New Direction raised money for Hurricane Katrina victims who did not receive any assistance.
General Motors CEO & Chairman Dan Akerson has an op-ed in yesterday’s Detroit Free Press in response to the growing chorus of criticism of the company in general, and his leadership in particular. It is rather typical corporate PR, complete with a Teddy Roosevelt quote.
One line is odd, though. Akerson (or his flak) writes:
I believe our culture is our “secret weapon” and is on the way to being a true difference maker for us.
So, how is GM’s culture, according to Akerson?
A few days ago, Akerson had “expressed his continued frustration with the company’s inability to quickly shed its bureaucratic legacy,” saying “We’ve got to get this company and the culture into the 21st Century.”
Last month, Akerson was asked, “How much of GM’s culture has changed since before bankruptcy, on a scale of one to 100,” and he responded: “20, 25. We have a long, … Read More ➡
In an interview Tuesday on New York City’s WNYW-TV, Rep. Gregory Meeks (D-NY) denied that he is under investigation by federal authorities, contradicting several previous reports by the New York Times, New York Post and New York Daily News.
The New York Post reported on Saturday that a nonprofit called the Greater Jamaica Development Corporation received subpoenas connected to a broader investigation of Meeks, who has steered millions in federal funds to the group.
As he has done in the past, Meeks attributed his woes to the New York Post and NLPC. Of the most recent reports, he told WNYW-TV reporters David Price and Rosanna Scotto:
They’re all inaccurate. It’s the New York Post… I’ve never been investigated. I am not under investigation. I’ve never been questioned.
Later in the interview, Meeks renewed his assault on NLPC:
The New York Times has a front-page story today on a political giver named James Robert Williams, who has no visible means of support, but is very generous to both parties and to politicians of different stripes. From the article:
…one government watchdog group called the pattern of donations extremely troubling. Ken Boehm, chairman of the National Legal and Policy Center, said, “In more than 15 years of investigating political corruption, I’ve never seen a more suspicious set of facts.”
According to the story by reporters Raymond Hernandez, Alison Leigh Cowan and Jo Craven McGinty, Williams lives in a small apartment in a scrubby section of Jamaica, Queens where the average household income is $33,800 and many residents receive government assistance.” The reporters state the obvious that it is “hard to say where the big sums are coming from.”
The recipients include Democrats like Rep. Charles Rangel (NY) and … Read More ➡
NLPC Associate Fellow Mark Modica appeared Wednesday on Cavuto on Fox Business Network to discuss the new “partnership” between the Environmental Protection Agency (EPA) and the National Association for Stock Car Auto Racing (NASCAR). Here’s a transcript:
Liz MacDonald: Well, next up, the EPA, you know what, it is all about clean air. But now critics are saying it is full of hot air. That is because it is partnering with NASCAR to push green initiatives. That includes encouraging the tracks to recycle more, conserve water, sustainability. You get the picture. Mark Modica from the National Legal and Policy Center says you know what, this proves the EPA is clueless. Sir, what did you make of this when you heard this news?
Mark Modica: I just think it is ludicrous, Liz. It shows you how out of touch the administration is. I mean, NASCAR, these guys, I think … Read More ➡
The Securities and Exchange Commission recently notified us that it will allow Goldman Sachs to exclude our shareholder proposal that asks for a report on the company’s lobbying priorities. The basis for the exclusion was that another shareholder, The Needmoor Fund, had already submitted a similar proposal. We disagree that the proposals duplicate each other. We hope that Needmoor will raise the issues that prompted our proposal, especially Goldman’s endorsement of Dodd-Frank, but we doubt they will.
Goldman has reportedly bowed to the American Federation of State, County and Municipal Employees (AFSCME) who filed a proposal to split the positions of Chairman and CEO, a role now filled by Lloyd Blankfein. Often dismissed as pests or gadflies, it is nice to see shareholder activists score once in while, but its clear that Goldman is more responsive to its left-wing critics.
Today’s headlines that Jon Corzine gave “direct instructions” for MF Global customer money to be moved to another account to cover a $175 million overdraft raises big questions about how this case is being handled. Congressional Committee’s are imperfect investigative vehicles, but this time the House Financial Services Subcommittee on Oversight and Investigation has really scored. By digging out and making public an email from MF Global assistant treasurer Edith O’Brien, the Committee has done a huge public service.
But surely the investigation of the disappearance of $1.6 billion deserves a more formal process than “trial by headline.” Just where is the Justice Department in all this? We do not know, but we do know that Attorney General Eric Holder has been the protector of corrupt Democratic politicians in Congress. Rep. Charles Rangel admitted to not paying his taxes, and admitted to leaving hundreds of thousands of dollars in income … Read More ➡
In a cover story for the National Journal dated tomorrow, Shane Goldmacher reports on accusations by members of the Congressional Black Caucus (CBC) that ethics investigations are disproportionately aimed at African-American lawmakers.
The lengthy article includes an account of our exposé of Rep. Charles Rangel (D-NY), and my response to the suggestion that black members of Congress are being targeted. From the article:
No single case has ensnared more black lawmakers than a 2008 trip to the Caribbean island of St. Maarten. As lawmakers boarded planes for the three-day beachside conference, Flaherty, camera in hand, was close on their heels.
Flaherty, president of the National Legal and Policy Center, a conservative watchdog group, showed up at the meeting, snapped some photos, and handed the exclusive on a corporate-funded junket to the New York Post. (House rules forbid business interests from picking up such tabs; the corporate sponsors of the Caribbean