Rangel Inquiry Expands to Donor Concerns

Rep. faces allegations he fought tax loophole in funding tradeoff
By Matt Cantor,  Newser User
Posted Dec 10, 2008 2:57 PM CST
Rangel presides during his committee's hearing on Capitol Hill in Washington, Oct. 29, 2008, on the financial issues that states are facing.    (AP Photo)
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(Newser) – A House ethics committee broadened its probe into Charles Rangel over concerns the New York Democrat fought a tax loophole in exchange for a $1 million donation to his policy institute. The subcommittee has been investigating Rangel’s personal finances since September over several other corruption allegations; now, it looks like the probe may stretch into Congress’ next term, Politico reports.

The New York Times reported that Rangel met with donor Eugene Isenberg the day his Ways and Means Committee was studying a tax bill that would affect Isenberg’s firm. Isenberg wanted confirmation Rangel wouldn’t support the measure, the Times said; the same day, the two had discussed Isenberg’s contribution. Both men say there’s no connection between the donation and Rangel’s opposition to the bill.