President Barack Obama signs an Emergency Declaration for the State of Arkansas Wednesday evening, Jan. 28, 2008 in the Oval Office, and also signed a declaration for the Commonwealth of Kentucky. (White House photo by Pete Souza). From The New York Post:
Here's a tip for President Obama: Next time you excoriate tax cheats, try to keep Rep. Charles Rangel's name out of the discussion.
Somehow, it doesn't further your case.
Yet that's precisely what Obama did Monday, singling out the powerful Harlem congressman for praise as he announced legislation meant to close what he calls tax "loopholes" for corporations that expand their operations abroad.
Rangel, of course, knows a thing or two about offshore tax shelters: He'd been operating one for years.
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