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February 3, 2009

The Rangel Rule

Posted by Dave Blount at February 3, 2009 8:01 AM

Finally some constructive legislation has been proposed:

Texas Republican Congressman John Carter says he wants everyone to get the same treatment when it comes to taxes. He has introduced what he's calling the "Rangel Rule."
"Under the bill, any U.S. citizen who owes back taxes can pay them and automatically waive all interest and penalties by writing 'Rangel Rule' on their return."
Rangel is Congressman Charles Rangel — the Democratic House Ways and Means Committee chairman — who admitted he failed to pay taxes on rental income for years. He has apologized and agreed to pay back taxes. But Carter says Rangel hasn't paid interest or penalties.

Let's hope tax cheats Timothy Geithner and Tom Daschle wrote "Rangel Rule" on their returns.

On a tip from The MaryHunter.