House Ways and Means Chairman Charles B. Rangel Suddenly Finds $500K in Unreported Assets

More Hope & Change from the Democratic Party. What a joke and these people are in charge of the Asylum!

It appears that Democrat US Rep Charlie Rangel was cleaning between the cushions of his sofa and found $500,000 of previously unreported assets.

I was just as surprised as you, suddenly I just found this $500,000

House Ways and Means Chairman Charles B. Rangel , already beset by a series of ethics investigations, has disclosed more than $500,000 in previously unreported assets.

Among the new items on Rangel’s amended 2007 financial disclosure report were an account at the Congressional Federal Credit Union worth at least $250,000, an investment account with at least $250,000, land in southern New Jersey and stock in PepsiCo and fast food conglomerate Yum! Brands. None of those investments appeared on the original report, which was filled out by hand and filed in May 2008.

As Betsy’s Page states, these are the very people who write the tax laws that “We the People” have to abide by, yet it would appear that they have an exemption. Why are these politicians continually reelected? They should be in jail. Why is this person still in a position of authority?

How is neglecting to report half your net worth an honest mistake? How long will the Democrats maintain as the lead tax writer a guy who has so many problems accurately getting his own reports filled out correctly?

It must have just slipped his mind, it’s not like he has done this before. Oops, he has. Just another example of the most ethical Congress ever.

According to the original report, Rangel’s net worth was between $516,015 and $1,316,000, while the amended report showed his net worth, as of Dec. 31, 2007, roughly double that amount — at least $1,028,024 and as much as $2,495,000.