$250,000 does not equal a millionaire! At least not where I went to school. And from now on, let’s tell the truth – they are not the Bush tax cuts, they are the- Obama tax increases!
Never mind what happens on Jan 1, 2001 if this isn’t settled PDQ – (higher taxes for everyone!) why did they wait to take care of business until the absolute last minute? They had the White House and control of both houses. I’ll tell you -lack of leadership!
Charles Rangel was convicted on 11 of 14 ethics violations including forgetting to pay income tax for 17 years on his Dominican Republican villa, improper financial disclosure, fund-raising violations, among others. Rangel protested his punishment to the very end. You could maybe feel for him were it not for the fact that he was the chair of the Ways & Means Committee and basically wrote the laws he walked all over for so long. But Hawaii’s beloved Lazy-Mazie Hirono was right there for him, voting for the lesser punishment of a reprimand. Fortunately, the vote was not close (333-79) despite Rangel’s supporters and at least he’ll lose some of his power along with the chairmanship of the WAMs committee. But, no he is not going to jail like other tax cheats. Don’t forget, he and the other members of Congress are above the law.