In Case You Haven’t Seen this One…
David Hedrick let’s U.S. Congressman Brian Baird have it!
Couldn’t be because of the two House ethics investigations he is involved in… could it? This guy is chairman of chairman of the House Ways and Means Committee, which oversees this country’s entire tax code. How does this kind of debauched idiot keep getting elected in the first place?
United States Representative Charles B. Rangel, whose personal finances and fund-raising are the subject of two House ethics investigations, failed to report at least $500,000 in assets on his 2007 Congressional disclosure form, according to an amended report he filed this month.
Among the dozen newly disclosed holdings revealed in the amended forms are a checking account at a federal credit union with a balance between $250,0000 and $500,000; three vacant lots in Glassboro, N.J., valued at a total of $1,000 to $15,000; and stock in PepsiCo worth between $15,000 and $50,000.
The updated forms report that Mr. Rangel’s total net worth is between $1,028,024 and $2,495,000 — about twice the amount listed in the original disclosure statement, filed in May 2008, which declared assets totaling between $516,015 and $1,316,000.
Mr. Rangel declined to discuss the matter, saying he did not want to comment publicly while the investigations continue. In the past, he has explained omissions on financial statements, including his failure to declare $75,000 in rental income on a villa in the Dominican Republic or pay $10,000 in taxes on it, as unintentional bookkeeping errors.
(I suppose this incident is just another “unintentional bookkeeping error”.)
A spokesman for the congressman issued a statement saying the amended disclosure forms were Mr. Rangel’s attempt to rectify recently discovered omissions in his financial reporting. Read more…
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