Washington – In another embarrassing report, Rep. Charlie Rangel, Chairman of the powerful Ways and Means Committee, has been caught skirting the Internal Revenue Service with his failure to disclose possible rental income he’s received from a beachfront vista on an exclusive part of Dominican Republic. The money he’s saving by not reporting this income is being handed down to his vulnerable colleagues in the United States Congress. To date, Carol Shea-Porter ( D-NH ) has received more than $ 10,000 from Rangel’s leadership political action committee.
It was reported in today’s New York Post that:
“For 20 years, Harlem Rep. Charles Rangel has owned a beachfront villa in a sun-drenched
resort, yet has only sporadically declared income on the property in federal filings. Dominican Republic
“While the villa was rented to paying guests for the past two years, for instance, Rangel reported no income from it in 2006 and 2007, The Post has learned. As a congressman, failure to fully list all income and investments can result in civil penalties or criminal charges…
“In some previous years, Rangel has reported earnings from the cottage. For both 2004 and 2005, he listed rental income of $2,500 to $5,000 a year. For 2001, 2002 and 2003, he reported rental income of $5,000 to $15,000 a year. And in 1990, 1991 and 1992, he reported that he earned up to $5,000 per year in rent. For some years, benefactors such as American Airlines paid for Rangel's trip to the resort.” (NY Post, 08/31/2008)
This is just the latest in a string of embarrassing developments into Rep. Rangel’s lavish lifestyle. Earlier this summer, the New York Times revealed that Charlie Rangel owned four rent-stabilized apartments in Harlem, one used illegally as a campaign office and the Washington Post revealed that he solicited corporate contributions on official letterhead for a pet project bearing his name.
“Whether Charlie Rangel is napping on the beach in the Caribbean or defrauding the