Republican Rep. John Carter of Texas introduced a bill that would allow all U.S. taxpayers the same immunity from IRS penalties and interest as Rep. Charles Rangel (D-N.Y.) and Treasury Secretary Timothy Geithner. That's only fair - if our elected officials can get off scot-free, shouldn't we be afforded the same luxury?
The bill has no chance of passing, but it makes a point: “We must show the American people that Congress is following the same law and the same legal process as we expect them to follow,” said Carter, a former Texas judge.
Under the proposed “Rangel Rule Act of 2009,” any taxpayer who wrote “Rangel Rule” on their return when paying back taxes would be immune from penalties and interest.
“If we don’t hold our highest elected officials to the same standards as regular working folks, we owe it to our constituents to change those standards so everyone is abiding by the same law,” the congressman said.
Carter also said the change in tax law would provide good economic stimulus benefits, “as it would free many taxpayers from massive debts to the IRS, restoring those funds to the free market to help create jobs.”