Chief of tax-writing panel fails to report $75,000 in income
(NEWSER) - Rep. Charles Rangel, chairman of the tax-code-writing Ways and Means Committee, failed to report more than $75,000 in rental income from a Dominican villa he purchased in 1988, the New York Times reports. But Rangel never noticed the error, his lawyer says, because his wife handles his finances. “This is all news to him,” says the lawyer, who said the congressman would pay back taxes in New York. More»