It’s the same old story for Rangel, who last year reluctantly acknowledged what he described as an inadvertent failure to report $75,000 in rental income for a beachfront property in the Dominican Republic. Then, many critics—including this page—called on him to step down from his chairmanship, at least until his professed innocence could be established. He didn’t.
Now, it gets worse. Newly-filed disclosures show that Rangel failed to report at least half a million dollars in assets in 2007. They also show that his net worth is between $1 million and $2.5 million, or about twice what he claimed in 2008.
There's no uproar at all about this. In a culture of corruption, vice is virtue.