More on Dodd; a Countrywide official testified before the House Government Reform and Oversight Committee and the Senate Ethics Committee that
Sen. Chris Dodd (D-CT) did in fact know he was the recipient of a sweetheart deal on two mortgages as part of the unofficial "Friends of Angelo" program.
Angelo Mozilo, the founder and former CEO of Countrywide, was able to snag fixed rates of 4.25 percent and 4.5 percent on mortgages for the Senate Banking Committee chairman.
Suddenly, Dodd's slim re-election chances just got slimmer.
I don't like the man but wish him a speedy and complete recovery.
Every amendment to say that legislators must take obama care has been trashed in congress and the senate.
Another good for instance is Ted Kennedy's cancer treatment, he wouldn't be getting the same treatment under obama care, he would have to sink or swim, so to speak.
House and Senate negotiators are working to cut the cost of the bill by $100 billion -- cuts that have suddenly allayed the concerns of so-called fiscally conservative "Blue Dog" Democrats. The compromise still includes major tax increases and a public option health entitlement, which were supposed to be deal killers for these "principled" Blue Dogs.
Pelosi has since said that provisions granted to the 'blue dogs' may not remain in the final bill, that's how it goes when you sell your soul to the devil.
Red October Looms for ObamaCare
Americans can breathe a sigh of relief, however briefly, because Congress will not pass health care legislation before lawmakers depart for recess on August 7. "This bill, even in the best-case scenario, will not be signed -- we won't even vote on it probably until the end of September or the middle of October," said President Barack Obama.
Democrats have proposed one way to raise money for the bill -- tax payroll. The Wall Street Journal writes that the tax could reach 10 percent. So much for "no tax increases for those making less than $250,000 a year."
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Rangel Supports Higher Taxes, Just Not Paying Them
House Ways and Means Committee Chairman Charles Rangel (D-NY) is one of the drivers of a 5.4 percent income tax surcharge in order to help pay for the Democrats' nationalization of health care.
Taking a look back at Rangel's personal tax history, however, it's easy to see why he's so keen on the proposal -- he isn't likely to pay any of it himself.
The Wall Street Journal published a refresher course in Rangel's tax history this week, reminding us all of the scams that he's put forth in order to dodge taxes on his now famous Dominican villa.
Rangel failed to report $75,000 in real estate income from the villa, which commands $1,100 per night during the peak season and is rarely -- if ever -- vacant.
He has blamed his wife for not keeping the books properly (bet that went over well), and he has blamed the locals for speaking Spanish, but he has never come completely clean about how such a large mistake could be made on his returns year after year.
Rangel has promised to rectify the situation but he still has not filed the corrected paperwork. Nor has he paid the overdue taxes.
Nor is the IRS knocking on his door.
There have also been issues surrounding rent-controlled apartments that Rangel occupies in Harlem. It turns out that he has played fast and loose with the income-reporting rules so that he can still be eligible for rent-control status, which allows him a steep discount below market value.
We could go on about the other four issues about which the House Ethics Committee is investigating Rangel, but the picture is already clear. He's in deep for years of tax evasion and questionable real estate ventures, but Charles Rangel is still perfectly comfortable telling us that a 5.4 percent tax surcharge is "the moral thing to do."