Congressman John Carter (R-TX) today posted his federal tax returns for 2006 and 2007 online to silence false media attacks that he failed to pay income tax on sales of Exxon-Mobile stock. And the former Texas Judge dared House Ways and Means Chairman Charlie Rangel (D-NY) and U.S. Treasury Secretary Tim Geithner to do the same.
Carter took to the floor of the House this afternoon on CSPAN to publicly challenge Rangel and Geithner to come clean with their previous admitted tax violations by paying penalties and interest in line with those paid by other taxpayers in similar cases.
"We knew these attacks would come when we started our campaign to demand a return to the Rule of Law in the House," says Carter. "Whenever anyone stands up to this systemic Democrat corruption in Washington, you can bet the smear campaigns against them will soon follow."
Democrat activists, in an attempt to stem public criticism on the failure of Geithner and Rangel to report or pay taxes on years of foreign income, have alleged that Carter failed to pay income tax on the sale of oil stock over two years.
But Carter’s online posting of his returns show that he fully reported the sales and capital gains in both years and paid all taxes due. In addition, Carter reported the stock sales both years on his House Financial Disclosure Statements, which he has also publicly posted.
Now it’s time for Chairman Rangel and Secretary Geithner to pony up," says Carter. "I have posted my tax returns as part of amending my House Disclosure statements, President Barack Obama has done exactly the same when amending his Disclosures, and the only reason for these two to hold back is if they have something to hide."
Carter today filed amendments to add the amount of the capital gains to his House Financial Disclosure Statements.
Rangel failed to pay income tax for over a decade on his Caribbean resort property, while Geithner evaded withholding taxes on income from the International Monetary Fund over multiple years. Neither has paid penalties on the violations, and Rangel has failed to even pay interest charges.
Rangel has also filed amendments to his House Disclosure Statements this year, but has refused reporters’ requests to examine his federal tax returns to determine whether he again failed to report income to the IRS.