In an editorial today titled "Sorry Charlie," the Washington Post called on Rep. Charles Rangel (D-NY) to step down as House Ways and Means Chairman. The editorial comes in the wake of Rangel amending his financial disclosure forms for the years 2002 to 2006, showing that his net worth was roughly double what he previously claimed. The Post called Rangel’s revised filings “a treasure trove of outrage.”
Rangel’s amendments were prompted by increased scrutiny of his finances after NLPC exposed his failure to disclose (or pay taxes on) rental income from his beachfront “villa” at the Punta Cana resort in the Dominican Republic.
Despite its brief existence, the federal government's $8,000 tax credit for first-time homebuyers already has proven to be a costly boondoggle. And in what appears to be an act of unintended comedy, Congress is primed to extend and expand this "temporary" program beyond its November 30 deadline. On Thursday, October 22, J. Russell George, inspector general for the Internal Revenue Service, 
