Rep. Charles Rangel (D-NY), chairman of the House Committee on Ways and Means, should step down in light of his glaring dishonesty in reporting his assets and income for tax purposes. He’s currently under investigation by two House subcommittees. This is not just a mistake of a few thousand dollars, either:
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.
Where’s the outrage from his Democrat peers and leadership (i.e. Speaker Nancy Pelosi)?
