Tax chairman Rangel failed to report income
House Rep. Charles Rangel, chairman of the tax-writing Ways and Means Committee, failed to report $75,000 of income from a villa he owns in the Dominican Republic, his attorney said on Friday.
Amid growing allegations of unethical conduct, US Representative Charles Rangel has said that he intends to pay any taxes he owes on foreign investment income, although he is refusing to relinquish his chairmanship of the powerful House Ways and Means Committee, which writes tax legislation.