The "Rangel Rule"
From Rep. John Carter, a Texas Republican.
"Rangel Rule"
All U.S. taxpayers would enjoy the same immunity from IRS penalties and interest as House Ways and Means Chairman Charles Rangel (D-NY) and Obama Administration Treasury Secretary Timothy Geithner, if a bill introduced today by Congressman John Carter (R-TX) becomes law.
Carter, a former longtime Texas judge, today introduced the Rangel Rule Act of 2009, HR 735, which would prohibit the Internal Revenue Service from charging penalties and interest on back taxes against U.S. citizens. Under the proposed law, any taxpayer who wrote “Rangel Rule” on their return when paying back taxes would be immune from penalties and interest.
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This new administration is setting bad precedents at an alarming rate, and frankly I'm tired of people who don't take responsibility for their actions. Taxes are a confusing cross we all have to bear, and I believe honest mistakes deserve to be forgiven. But I despise people who knowingly abuse the system and think they deserve SOME kind of penalty.