[Vision2020] Elimination of IRS Penalties

[Glenn Schwaller]

I think I could like this . . .

>From Congressman John Carter, Texas:
Washington, Jan 28 -
IRS Penalties and Interest Eliminated for All U.S. Taxpayers under new
"Rangel Rule" Legislation

(WASHINGTON, DC) – All U.S. taxpayers would enjoy the same immunity
from IRS penalties and interest as House Ways and Means Chairman
Charles Rangel (D-NY) and Obama Administration Treasury Secretary
Timothy Geithner, if a bill introduced today by Congressman John
Carter (R-TX) becomes law.

Carter, a former longtime Texas judge, today introduced the Rangel
Rule Act of 2009, HR 735, which would prohibit the Internal Revenue
Service from charging penalties and interest on back taxes against
U.S. citizens. Under the proposed law, any taxpayer who wrote "Rangel
Rule" on their return when paying back taxes would be immune from
penalties and interest.

"We must show the American people that Congress is following the same
law, and the same legal process as we expect them to follow," says
Carter.  "That has not been done in the ongoing case against Chairman
Rangel, nor in the instance of our new Treasury Secretary Timothy
Geithner.  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.
Americans believe in blind justice, which shows no favoritism to the
wealthy or powerful."

Carter also said the tax law change will 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.

GS