Rangel Says He Will Pay Back Taxes; GOP Wants Him Out of Chairmanship

As House GOP leaders called for his removal from the powerful chairmanship of the House Ways and Means Committee, Rep. Charles B. Rangel (D-N.Y.) announced yesterday that he will repay an unspecified amount in back federal, state and local taxes on unreported income from a Dominican Republic vacation property.

The Harlem Democrat will file amended federal, state and local tax returns to reflect $75,000 in income from the beachfront villa that he previously failed to list on tax and congressional financial disclosure forms, said his attorney Lanny Davis.

Read more: (Christopher Lee, “Rangel Says He Will Pay Back Taxes; GOP Wants Him Out of Chairmanship,” The Washington Post, 9/10/08)