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.
Just how out of touch is Congress? The above video clip is now famous. Rep. Sheila Jackson Lee (D-TX) talks on her cell phone while cancer survivor Tracy Miller tries to ask her a question at a health care Town Hall meeting.
Rep. Jackson Lee was one of five members of Congress who took part in a Citigroup-funded junket to the sunny Caribbean island of St. Maartens shortly after all five voted for TARP. The trip was led by Ways and Means Committee Chairman Charles Rangel (D-NY), the tax cheat who has proposed tax increases to fund health care.
Your July 27 editorial “Morality and Charlie Rangel’s Taxes” insulted me in an attempt to undermine my work on health-care reform legislation. But your slurs can’t change the fact that the Ways and Means Committee, which I chair, has already succeeded in negotiating and passing its portion of the health-care bill without a hint of the rancor you’ve resorted to in your mean-spirited editorial attack. (emphasis ours)
Rangel’s indignation in the wake of his own admissions of failing to pay his taxes is the clearest evidence yet that he is divorced from political reality, and will become an increasing liability for Nancy Pelosi and Barack Obama.
Ever notice that those who endorse high taxes and those who actually pay them aren’t the same people? Consider the curious case of Ways and Means Chairman Charlie Rangel, who is leading the charge for a new 5.4-percentage point income tax surcharge and recently called it “the moral thing to do.” About his own tax liability he seems less, well, fervent.
Exhibit A concerns a rental property Mr. Rangel purchased in 1987 at the Punta Cana Yacht Club in the Dominican Republic. The rental income from that property ought to be substantial since it is a luxury beach-front villa and is more often than not rented out. But when the National Legal and Policy Center looked at Mr. Rangel’s House financial disclosure forms in August, it noted that his reported income looked suspiciously low. In 2004 and 2005, he reported no more than $5,000, and in 2006 and 2007 no income at all from the property.
Embattled House Ways and Means Committee Chairman Charles Rangel, facing a multi-pronged investigation by the House ethics committee, shelled out nearly $280,000 to four different law firms over the last quarter, according to his newest campaign disclosure report.
Overall, Rangel has paid $928,000 to his attorneys during the last year as his personal finances have come under scrutiny on a variety of fronts.
Much of the money was spent fending off allegations by NLPC.
The chairman of a House ethics probe into a Caribbean conference attended by members of the Congressional Black Caucus is himself a CBC member who attended the same event in 2005.
Rep. G.K. Butterfield (D-N.C.), the former judge chosen to chair the ethics probe, has vowed to lead a fair investigation into trips taken by CBC members to St. Maarten in 2008 and Antigua and Barbuda in 2007.
NLPC exposed the 2008 junket. The Hillnoted my reaction:
“The CBC really sticks together — you can see their solidarity in the face of these ethics charges,” Flaherty said. “To put one of their own members in charge of the investigation just shows that nothing has changed — the ethics process is still a complete mockery.”
Self-investigation has never been a signature virtue of Congress. So taxpayers should closely monitor the House ethics committee’s inquiry into the lucrative relationships between defense appropriators and military contractors.
The committee finally confirmed the inquiry — not yet a full-blown investigation — into suspicions that members and staffers earmarked hundreds of millions in defense contracts for favored companies in return for tens of millions in political donations. In a separate matter, the ethics committee opened an inquiry into whether Caribbean trips taken by Representative Charles Rangel and four other lawmakers violated House gift rules. It is encouraging to see such curiosity from the traditionally somnolent panel.
We too are glad that the Ethics Committee is looking into these matters, especially since we are the source of the allegations about the Rangel-led Caribbean junket. But it will take more than “curiosity” to deal with the current wave of corruption in Congress.
Already embroiled in an ethics probe now entering its tenth month, Rep. Charlie Rangel (D-N.Y.), chairman of the powerful Ways and Means Committee, received more bad news Wednesday night as the House ethics committee announced it would look into Caribbean trips taken by the veteran lawmaker and four other Democrats.
In a statement released late Wednesday night, Reps. Zoe Lofgren (D-Calif.) and Jo Bonner (R-Ala.), the chairwoman and ranking member of the ethics committee, announced that the panel had voted to create a four-member investigative subcommittee to determine whether the trips violated House gift rules.
Mike Soraghan reports in today’s edition of The Hill:
An investigation into a trip taken by members of the Congressional Black Caucus (CBC) is triggering a backlash against the Office of Congressional Ethics (OCE) — House Speaker Nancy Pelosi’s signature ethics proposal.
CBC members, frustrated at what they perceive as an accusation by a conservative group that’s been blown out of proportion, last week formed a working group to look at taking on the 2006 resolution that created the OCE.
The junket to sunny St. Maarten took place the weekend after the election in 2008. I attended in order to document violations of House Rules that prohibit corporate sponsorship of travel and hospitality.