Posted by
Mike Bates on Saturday, September 06, 2008 1:11:50 PM
In both the printed and Web editions of today's Chicago Tribune appears the short piece, "Rangel had interest-free mortgage:"
Rep. Charles Rangel paid no mortgage interest on a
beach resort property for more than 10 years, a lawyer for the powerful
House committee chairman said Friday.
The New York congressman's lawyer, Lanny Davis, told The Associated
Press that Rangel got his no-interest deal for the villa in the
Dominican Republic because he was an original buyer in the resort
development, and in the early days after the purchase the rental income
failed to meet expectations.
Not mentioned is that the powerful Ways and Means Committee, which
Rangels chairs, writes tax laws. You know, laws like paying taxes on
rental income. Additionally, Rangel's political party is not
identified, no doubt merely an inadvertent lapse in reportage.
Guess we're really going to have to put on our thinking caps to
figure out to which party Charlie belongs. Think, think, think. What,
you already know?