NBC is reporting tonight, powerful Ways and Means Committee Chairman Charlie Rangel will voluntarily give up his fight to keep his chairmanship.
WASHINGTON - After being admonished by an ethics panel for accepting corporate-sponsored trips to the Caribbean, Rep. Charlie Rangel, D-N.Y., will give his chairmanship of the powerful House Ways and Means committee, NBC News has learned.Rangel has a multitude of other problems that he's still to provide answers. The New York Post reported last September that
The top spot may temporarily go to Rep. Sander Levin, D-Mich., according to leadership sources, or to Rep. Pete Stark of California, the committee's second-ranking Democrat.
Asked by an NBC reporter if he will still be the chairman of the committee Wednesday, Rangel responded with an emphatic "yes."
"You bet your life on it," he said.
But sources indicated Tuesday to NBC that Rangel has been encouraged to step aside before the House votes on a bill to strip him of his chairmanship.
"We don't have the votes to save him," one Democratic member said of Rangel.
Rep. Charles Rangel failed to report as much as $1.3 million in outside income -- including up to $1 million for a Harlem building sale -- on financial-disclosure forms he filed between 2002 and 2006, according to newly amended records.What a piece of work! A real scum-bucket.
The documents also show the embattled chairman of the Ways and Means Committee -- who is being probed by the House Ethics Committee -- failed to reveal a staggering $3 million in various business transactions over the same period.
This week, Rangel filed drastically revised financial-disclosure forms reflecting new, higher amounts of outside income and numerous additional business deals that had not been reported when the reports were originally filed.
Only in 2005 did Rangel reveal his total outside income.
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