This story hits the trifecta. It has liberal hypocrisy, media bias and remarkable stupidity all rolled into one.
The liberal hypocrisy? After being introduced by tax cheat Timothy Geithner, President Obama heaped praise on Harlem congressman Charlie Rangel for helping him close overseas corporate tax loopholes.
The remarkable stupidity? Rangel is being investigated for his own overseas tax scam.
The media bias? Have you seen it on the evening news?
Here’s how the New York Post editorialized about it:
Rangel, of course, knows a thing or two about offshore tax shelters: He’d been operating one for years.
The congressman had to fork over nearly $11,000 in back taxes last year after The Post reported that he failed to disclose more than $75,000 in rental income on his Dominican Republic villa.
Plus, he’s under investigation by a House committee for allegedly helping a company preserve its offshore tax loophole — in exchange for a million-dollar gift to a school named in his honor.
Though perhaps that’s not exactly what Obama meant when he gushed that the problems with tax havens “have been highlighted” by Rangel, among others.
This is perfect. We have tax vampire Barack Obama proposing the legislation, tax cheat Charlie Rangel writing the legislation, tax cheat Timothy Geithner enforcing the legislation.
Source: New York Post
