ATR today released a letter supporting H.R. 735, the "Rangel Rule Act of 2009."

H.R. 735 waives penalty and interest on any underpayment of income taxes by U.S. citizens.  All a taxpayer would have to do is write “Rangel Rule” on their 1040, and they would get to enjoy the same grace and leniency as is evidently enjoyed by House Ways and Means Committee Chairman Charlie Rangel (D-NY).

Chairman Rangel has admitted that he failed to pay income tax on rental property he owns in the Caribbean.  If ordinary taxpayers did that, they would be lucky to get away with penalties and interest totaling in the thousands of dollars.  Yet politicians like Charlie Rangel, who are responsible for writing tax law, seem to get a free pass again and again.

If it’s good enough for Charlie Rangel, it should be good enough for Joe and Jane Taxpayer.