Monday, September 15, 2008

The Education of Charlie Rangel

House Ways and Means Chairman Charles Rangel of New York admitted last week that in recent years he has underpaid his taxes by about $10,000. Republicans are demanding that he step down as chairman pending an Ethics Committee investigation, but we're more sympathetic. Charlie is a victim of the tax code he helped to write.


His lawyer says Mr. Rangel flubbed his tax return by failing to record some $75,000 of rental income he received from a beach house he owns at a posh Dominican Republic resort. Mr. Rangel professes to have made an honest mistake, and says "I personally feel that I have done nothing morally wrong." He explained that he didn't know how much income he received from the property because his Dominican business partners would "start speaking Spanish."

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