GOP Congressman Intros 'Rangel Rule,' Eliminating IRS Late Fees

FoxNews.com ^ | Wednesday, January 28, 2009 | Mosheh Oinounou

[Joiseydude]

Americans may be able to rest a little easier this April if Congressman John Carter, R-Texas gets his way.

Rep. Carter introduced a bill Wednesday to eliminate all IRS penalties and interest for paying taxes past due.

The legislation calls for the creation of what he calls the, "Rangel Rule," -- drawing attention to the recent legal issues of House Ways and Means Committee Chairman Charlie Rangel, D-N.Y., enabling citizens who fail to pay taxes on time to do so later with no additional fees.

Rangel, who writes the country's tax policies, acknowledged last fall that he failed to pay thousands in real estate taxes for rental income he earned from a property in the Dominican Republic.

[laxcoach]

"There's always two names attached to every piece of legislation. Sarbanes-Oxley..."

This is off topic, but SOX compliance didn't prevent the toxic debt meltdown. It DOES make me change my password every 60 days though. Great job Congress.

[April Lexington]

Wow. Someone must have laced the GOP caucus Kool Air with testosterone. These GOOOPers are finally starting to act like patriots! Who knows... they may even start winning some elections!

[Girlene]

LOLOLOL, bhfred. That’s a keeper. I’m copying and pasting it on my tax returns.

[Starfleet Command]

God bless Texas! Well done Mr. Carter! Wow, maybe conservatism only comes out under crushing pressure, like a diamond being formed from...rino droppings.

[April Lexington]

Would this new rule apply to so-called “civil rights activists” who use tax exemp money to pay thier whores?

I believe this falls under the "necessary and ordinary" business expense category for these *ssholes!

[April Lexington]

“Republic” means, like, free and independent state with gold backed currency, right???

[bigheadfred]

audited

no ablay eengleesh greengo...

[timestax]

bump

[Almondjoy]

That’s pretty dumb though.. if you make that much you better have someone that knows the rules.

And if they are doing your taxes and get it wrong then they can the fees and interest.

[maggief]

Could they actually have a strategy???

[Starfleet Command]

“Republic” means, like, free and independent state with gold backed currency, right???

Until someone pinches me, that's my dream.

[lilycicero]

Maybe you could bake the day you mail your taxes and oops...some powder sugar got on your envelope....they won’t open it.....or flour...your choice. Then just say “sorry”.

[hsalaw]

The Geithner Rule works for me - I can stop paying quarterly estimated taxes.

[April Lexington]

Join us in making that dream a reality. If Gandhi can do it, so can we.

[Girlene]

How about corn starch? I’m into corn starch these days.

[aragona]

The fight is coming back! Wooohoo. Carter nailed it!

[null and void]

like a diamond being formed from...rino droppings.

Perfect. Now all we need is for more RINOs to drop.

[wastedyears]

Aptly named

[denydenydeny]

Perfect politics. Exactly what the Republicans should be doing.

[P-Marlowe]

I love it!