Rangel, the Donor and the Tax Break
Representative Charles B. Rangel has helped raise $11 million for a City College of New York school of public service to be named in his honor.
In recent months, as questions have emerged about his fund-raising, he has insisted that he has kept his efforts to attract donors scrupulously separate from his official duties in Congress.
But Congressional records and interviews show that Mr. Rangel was instrumental in preserving a lucrative tax loophole that benefited an oil-drilling company last year, while at the same time its chief executive was pledging $1 million to the project, the Charles B. Rangel School of Public Service at C.C.N.Y.
Read more: (David Kocieniewski, “The Congressman, the Donor and the Tax Break,” The New York Times, 11/25/08)