"Oops! ... I did it again," is rumored to be Representative Charlie Rangel's new campaign song. You see, the Democrat from New York, hid, um, I mean ...uh, forgot to report his 2007 income "to the tune of more than a half-million dollars!"
In his defense though, he has been very busy lately, trying to raise our taxes, institute a military draft, and squash free speech. More from The Wall Street Journal (emphasis added):
Earlier this month the Chairman of the tax-writing Ways and Means Committee "amended" his 2007 financial disclosure form—to the tune of more than a half-million dollars in previously unreported assets and income. That number may be as high as $780,000, because Congress's ethics rules only require the Members to report their finances within broad ranges. This voyage of personal financial discovery brings Mr. Rangel's net worth for 2007 to somewhere between $1.028 million and $2.495 million, while his previous statement came in at $516,015 and $1.316 million.
When you're a powerful Congressman and working diligently to increase tax rates to pay for President Obama's health-care plan, we suppose it's easy to lose track of one of your checking accounts. That would be the one at the federal credit union with a balance somewhere between $250,001 and maybe as high as $500,000. And when you're crunched for time and pulling together bills to pass in a rush, we guess, too, that you might overlook several other investment accounts, even if some of them are sizable, such as the ones Mr. Rangel missed at JP Morgan, Merrill Lynch, Oppenheimer and BlackRock.
Oh, and those vacant properties in Glassboro, in southern Jersey? Everybody in Manhattan tries not to think much about New Jersey, so those lots and their as-much-as-$15,000 value must also have slipped down the memory hole. (The New York Post reported yesterday that Mr. Rangel failed to pay property taxes for two of the lots, according to the county clerk's office.)
The Chairman probably isn't doing a lot of dining at KFC, Pizza Hut, Taco Bell or Long John Silver's, either, which may explain why he didn't disclose the $1,001 to $15,000 in stock he owns in Yum Brands, the conglomerate that runs those chain restaurants. Compared to his undisclosed portfolio stake in PepsiCo—$15,001 to $50,000—that's practically a rounding error.
Among other issues, Mr. Rangel is currently under investigation regarding his use of four rent-stabilized apartments at New York City's tony Lenox Terrace and soliciting donations with his official letterhead for the Charles B. Rangel Center for Public Service at City College of New York, which was itself built with a $1.9 million earmark. Yet another part of the probe is his failure to report $75,000 in income from a rental villa at the beachfront Punta Cana Yacht Club, in the Dominican Republic.
When he’s not race-baiting, he’s tax-evading and excuse-making.
And always getting away with it.
To nobody's surprise ... Democrats all over the country don't like paying their taxes. Hmmm ... no wonder they're always trying to raise taxes. They don't pay any taxes themselves!
A tax hike? Who cares ... it won't even cost 'em a dime!
The party has suffered arrests and convictions of two state treasurers and the former Senate president pro tempore, and indictments of a director of affordable housing and a father-son team of public utility commissioners.
Gov. Bill Richardson remains under federal investigation for a pay-to-play scheme in which he allegedly steered state contracts to various financial firms in exchange for political contributions.
Meanwhile, after failed presidential and Cabinet bids, and just as he begins to ease back into statesmanship by entertaining two North Korean diplomats at the Santa Fe governor's mansion, one of Richardson's longtime political cohorts is charged with money laundering.
Former New Mexico Secretary of State Rebecca Vigil-Giron was indicted on charges relating to millions of federal dollars her office spent on 43,000 voter-education commercials. The 54-year-old served three terms as secretary of state (elected the first time at age 31), ran twice for Congress, and intended to run for lieutenant governor in 2010.
There are so many Democrats with tax problems and criminal charges, it would be easier to list those that don't!
Well, well, well. Another Obama ally off the hook. Last month, it was Chris Dodd who escaped accountability for his Countrywide sweetheart home loan deals. This week, it’s failed Commerce Secretary nominee Bill Richardson. The decision to drop federal corruption charges against Richardson was made by…top officials in crime-coddling Attorney General Eric Holder’s Department of Injustice.
It's time to Repeal the 17th Amendment! It’s where big government begins.