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.
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 the competition."
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.
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.
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:
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."
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:
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.
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.