Rangel statement at odds with record

Jan. 3, 2009 at 12:52 PM

NEW YORK, Jan. 3 (UPI) -- Congressional records show a huge firm asked Rep. Charles B. Rangel, D-N.Y., for a tax cut after he asked for a donation to a school named in his honor.

Last April, Rangel met with executives from the troubled insurance giant American International Group to ask for a donation to a school of public service City College of New York was building in his honor, The New York Times reported Saturday.

Less than a month later, AIG executives asked Rangel, chairman of the powerful House Ways and Means Committee, to support a provision in a bill that would save the company million of dollars a year, the Times reported.

Last summer, Rangel said he knew of no issues his committee had considered in which AIG had an interest, the Times reported after a review of congressional documents.

Rangel, who initially opposed the tax change AIG was seeking, later agreed to it as part of a much larger piece legislation after other members of Congress said it would help numerous U.S. companies survive the economic downtown, the Times reported, noting AIG never did make a contribution to Rangel's school.

Related UPI Stories
Latest Headlines
Trending Stories
TSU shooting: 1 dead, 1 wounded in third shooting this week at Houston campus
Listeria threat prompts Whole Foods cheese recall
Russia says missiles aimed at Syria did not land in Iran
Captive orca breeding banned at California's SeaWorld
Wrong drug used in Oklahoma execution