Financial Regulatory Forum

Rangel to step aside from key US Congress tax post

By Reuters Staff
March 3, 2010

WASHINGTON, March 3 (Reuters) – The embattled chairman of the tax-writing U.S. House of Representatives Ways and Means Committee, Charles Rangel, said on Tuesday he will step aside temporarily as chairman after being admonished by a House ethics panel.

“I have this morning sent a letter to Speaker (Nancy) Pelosi asking her to grant me a leave of absence until such time as the ethics committee completes its work,” Rangel told a news conference at which he took no questions.

The House ethics committee publicly admonished the New York Democrat last week for taking corporate-paid trips to the Caribbean in violation of the chamber’s gift rules.

The panel, composed of three Democrats and three Republicans, is still looking into other matters involving Rangel, including his use of a rent-controlled apartment and his fund-raising for the Charles Rangel Center for Public Service in New York.

U.S. media, citing unnamed sources, said Rangel was encouraged to step aside before the House could vote on a Republican measure to strip him of his chairmanship, which could have happened as early as on Wednesday.

Democratic Representatives Sander Levin of Michigan or Pete Stark of California may temporarily take over as chairman, according to media reports. (Editing by Vicki Allen) ((david.morgan@thomsonreuters.com; +1 202 898 8326; RM: david.morgan.reuters.com@reuters.net))

Post Your Comment

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
  •