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CNBC Host to Rangel on Bonus Tax: 'You've had Some Tax Issues of Your Own'
NewsBusters ^ | March 19, 2009 | Jeff Poor

Posted on 03/19/2009 3:24:12 PM PDT by Rufus2007

In the wake of the American International Group (AIG) bonus controversy, some have called the plans of congressional leaders to tax those bonuses at a rate of 90-100 percent "legislating with a vengeance."

However, Chairman of the House Ways and Means Committee Rep. Charles Rangel, D-N.Y., insists that doing this is a necessity, despite the premise that retroactively taxing anything is a dangerous precedent. In an interview with CNBC "Squawk on the Street" co-hosts Mark Haines and Erin Burnett on March 19, he explained different rules apply in these extraordinary circumstances.

"When you violate the public trust, different rules apply - the same thing we have in charitable organizations, 501(c)3 when they have excessive payment in certain areas that we're able to penalize them for," Rangel said.

...more (w/video)...

(Excerpt) Read more at newsbusters.org ...


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: 111th; charlesrangel; cnbc; erinburnett; markhaines; taxcheatparty; taxevasion
New targets of the Obama administration: Mark Haines and Erin Burnett
1 posted on 03/19/2009 3:24:12 PM PDT by Rufus2007
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To: Rufus2007
"New targets of the Obama administration: Mark Haines and Erin Burnett

I wish I would've seen this. Here's the best part, Erin Burnett is a screaming leftist Democrat. Remember, she's the one who described Bush as "chimp like". And, when Cramer was bashing Obama a few weeks ago on the Today show, Burnett was there and you could tell she was displeased with Cramer's position.

2 posted on 03/19/2009 3:26:16 PM PDT by Big_Monkey
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To: Rufus2007

I’m surprised Rangel didn’t say, “Why don’t you mind your g*&d*#@ business,” like he did to the guy from Hotair.com.


3 posted on 03/19/2009 3:29:54 PM PDT by buccaneer81 (Bob Taft has soiled the family name for the next century.)
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To: Rufus2007

4 posted on 03/19/2009 3:30:55 PM PDT by frogjerk (NO TAXATION FOR REAMORTIZATION!)
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To: Rufus2007

Congressman Charles Rangel should be removed from his position, immediately.


5 posted on 03/19/2009 3:31:39 PM PDT by this is my country
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To: Rufus2007
"When you violate the public trust, different rules apply - the same thing we have in charitable organizations, 501(c)3 when they have excessive payment in certain areas that we're able to penalize them for," Rangel said.

Did he actually say "able to penalize" rather than "have to penalize"? Is this a Freudian slip?

6 posted on 03/19/2009 3:32:57 PM PDT by the_Watchman
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To: this is my country

He and many others.....Term limits NOW!!


7 posted on 03/19/2009 3:33:00 PM PDT by ThisLittleLightofMine
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To: buccaneer81

Glad to see others are starting to wake up and speak up. This man and most of his criminal fiends in congress are pompus, arrogant, nasty, hypocritical bastards that need to be booted right out in the street.


8 posted on 03/19/2009 3:33:13 PM PDT by ronnie raygun (LONG LIVE THE REPUBLIC!)
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To: ThisLittleLightofMine
Agree. TERM LIMITS!

Oh, and Rangel is a frikkin scumbag.. his service in Korea notwithstanding.

9 posted on 03/19/2009 3:35:22 PM PDT by LimaLimaMikeFoxtrot ("If you don't have my army supplied, and keep it supplied, we'll eat your mules up, sir"-Gen.Sherman)
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To: Big_Monkey

“Erin Burnett is a screaming leftist Democrat.” maybe she’ll prove that old adage that a “conservative is a liberal that got mugged.


10 posted on 03/19/2009 3:35:56 PM PDT by mrmargaritaville
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To: the_Watchman
Did he actually say "able to penalize" rather than "have to penalize"? Is this a Freudian slip?

And the fact that he used the word "penalize" shows the intent of this bill - a punitive bill designed to penalize (same root as the word penal). Thus this is a bill of attainder.

11 posted on 03/19/2009 3:38:46 PM PDT by keepitreal (Obama brings change: an international crisis (terrorism) within 6 months)
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To: Big_Monkey
Erin Burnett is a screaming leftist Democrat.

Whether that's true or not, she's my favorite "money honey."

12 posted on 03/19/2009 3:39:36 PM PDT by Pearls Before Swine (Is /sarc really necessary?)
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To: Rufus2007

If CNBC’s not veeeery careful dems will start treating them like they’re Republicans. And that ain’t pretty.


13 posted on 03/19/2009 3:40:46 PM PDT by GOPJ (CEO:Chief Embezzlement Officer- CFO:Corporate Fraud Officer-CASH FLOW: money down the toilet.)
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To: Pearls Before Swine
"Whether that's true or not, she's my favorite "money honey."

I put politics before libido. Therefore, she's dead to me.

14 posted on 03/19/2009 3:44:05 PM PDT by Big_Monkey
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To: keepitreal
"And the fact that he used the word "penalize" shows the intent of this bill - a punitive bill designed to penalize (same root as the word penal). Thus this is a bill of attainder.

Nice catch. I'm sure that tape will be used by counsel for the plaintiffs.

15 posted on 03/19/2009 3:45:56 PM PDT by Big_Monkey
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To: Big_Monkey

Arrogant folks always have a knack of revealing themselves.


16 posted on 03/19/2009 3:50:19 PM PDT by keepitreal (Obama brings change: an international crisis (terrorism) within 6 months)
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To: this is my country

Not just Rangel needs to be removed, a LOT of them need to be removed from office.


17 posted on 03/19/2009 3:52:34 PM PDT by Sarah D.
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To: keepitreal; the_Watchman

and Pelosi called it a form of justice today during one of the debates.

It is punishment to tax at 90%. America has been blinded by vengence


18 posted on 03/19/2009 3:54:42 PM PDT by EBH (The world is a balance between good & evil, your next choice will tip the scale.)
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To: ThisLittleLightofMine
He and many others.....Term limits NOW!!

Term limits imposed by state law has been ruled unconstitutional by the SCOTUS

Basically the right to toss the assclowns is reserved to the people not the state.

19 posted on 03/19/2009 3:58:21 PM PDT by Popman (One useless man is a shame, two is a law firm, and three is a Congress - John Adams)
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To: EBH

Seemed Nazi Germany was the same way. Folks wanted revenge. Bad economy...Jewish bankers perceived to be the rich taking advantage of the little guy... vilify them...seize their property... round them up.


20 posted on 03/19/2009 3:59:36 PM PDT by keepitreal (Obama brings change: an international crisis (terrorism) within 6 months)
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To: Rufus2007
So why exactly did Tom Delay have to temporarily step aside when there was a bogus ethics investigation underway, but Charlie Rangel doesn't?
21 posted on 03/19/2009 3:59:45 PM PDT by Natural Law
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To: Sarah D.
Not just Rangel needs to be removed, a LOT of them need to be removed from office.

I'll settle for TOTUS right now. The rest to follow.

22 posted on 03/19/2009 4:06:44 PM PDT by this is my country
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To: Rufus2007

Rangel said. “I am telling you that you have to have some confidence in the House Ethics Committee, where we have Republicans and Democrats.”

Isn’t the “ House Ethics Committee” made up of politicians?


23 posted on 03/19/2009 4:16:09 PM PDT by philetus (Keep doing what you always do and you'll keep getting what you always get.)
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To: Rufus2007

Rangel is a great representative . . . of everything wrong with the system.


24 posted on 03/19/2009 4:19:16 PM PDT by Paraclete
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To: Natural Law
"So why exactly did Tom Delay have to temporarily step aside when there was a bogus ethics investigation underway, but Charlie Rangel doesn't?

Don't start asking yourself simple questions that alleged journalists should be asking of politicians. It will drive you insane.

25 posted on 03/19/2009 4:24:12 PM PDT by Big_Monkey
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To: Rufus2007

bfl


26 posted on 03/19/2009 4:45:04 PM PDT by Oshkalaboomboom
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To: this is my country

Nonsense, Rangel is investigating news reported allegations of his tax cheating. He will most certainly come up with the TRUTH! He said so!


27 posted on 03/19/2009 5:39:29 PM PDT by GregoryFul
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To: GregoryFul

Yeah, he kept saying it was one reporter that wrote those allegations and the rest of the media repeated that reporters questions.


28 posted on 03/19/2009 6:32:10 PM PDT by this is my country
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