Submitted by NLPC Staff on Thu, 10/08/2009 - 16:07
October 7, 2009- CNN's Anderson Cooper looks at scandal enveloping House Ways and Means Committee Chairman Charles Rangel, including interview with NLPC President Peter Flaherty. Click here for 3-page pdf transcript.
With the spotlight this week on House Ways and Means Chairman Charles Rangel (D-NY), we have prepared this timeline of his current problems. Rangel has been involved in so much controversy that it is difficult to keep it all straight. I hope this helps.
July 11, 2008- New York Times’ David Kocieniewski reports that Rangel occupies three rent-stabilized apartments in a luxury building, and uses a fourth as a campaign office.
July 14, 2008- NLPC files Complaint with the Federal Election commission alleging use of a rent-stabilized apartment for a campaign office comprises an illegal corporate contribution from the landlord. Rangel announces he will close the office.
In a Complaint filed yesterday, NLPC asks the House Committee on Standards of Official Conduct to expand its ongoing investigation of House Ways and Means Committee Chairman Charles Rangel (D-NY) to include apparent violations of House Rules related to his ownership of a Harlem investment property.
Again, it appears Rangel has failed to disclose income from a rental property.
Isabel Vincent and Melissa Klein report today in the New York Post:
Rep. Charles Rangel reported no rental income for eight years on his rundown Harlem row house, even though public records show tenants were living there.
The powerful chairman of the House Ways and Means Committee said he received nothing from 1993 to 2000 on the six-unit building, according to federal financial disclosure forms.
NLPC’s exposure of Rangel’s unreported and undisclosed income from his Dominican Republic “villa,” touched off more intensive scrutiny of Rangel’s finances, leading Rangel to revise his filings last month for 2002 to 2006, showing his net worth to be roughly double what he had claimed in the past.
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.
Rep. Charles Rangel claimed on mortgage papers that a Harlem brownstone was his principal residence -- even though he was living elsewhere at the time, The Post has learned.
When the Democrat -- who is under investigation by the House Ethics Committee -- took out the mortgage in 1990, he said the property on West 132nd Street was his "principal residence," records show.
By our count, Rangel simultaneously claimed three “primary residences.” The first is where he really lives, in three rent-stabilized Harlem apartments, for which he does not qualify, based on his income. He actually had four apartments, but gave one up in the wake of reports that he was using it as a campaign office, prompting NLPC to file a Complaint with the Federal Election Commission alleging that he violated election law.
But by this morning, editorial writers had caught their breath and were busy at work skewering the Chairman of the committee that writes the nation’s tax laws. And just think how much fresh meat has been left for the weekend crew.
House Ways and Means Chairman Charles B. Rangel, already beset by a series of ethics investigations, has disclosed more than $500,000 in previously unreported assets.
Among the new items on Rangel’s amended 2007 financial disclosure report were an account at the Congressional Federal Credit Union worth at least $250,000, an investment account with at least $250,000, land in southern New Jersey and stock in PepsiCo and fast food conglomerate Yum! Brands. None of those investments appeared on the original report, which was filled out by hand and filed in May 2008.
NLPC’s exposure of Rangel’s unreported and undisclosed income from his Dominican Republic “villa,” touched off more intensive scrutiny of Rangel’s finances, leading Rangel to revise his filings, albeit months late.
Barack Obama’s Martha’s Vineyard vacation is unseemly. At a time when unemployment is near 10% and virtually all Americans have suffered losses in their home values and retirement funds, Obama’s holiday at a $20 million estate is inappropriate.
The White House is refusing to say how much the rental is for the “Blue Heron Farm,” but press reports indicate similar properties go for $35,000 to $50,000 a week.