Rep. John Carter, a Texas Republican, sent out a press release earlier today about his innovative new bill:
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.
[The above is from Ace of Spades–we’re not woooooorthy]
What’s next? The Geithner Rule? Any tax payer who cheats on his or her returns and gets caught gets promoted to Treasury Secretary? Or at least suffers no adverse consequences!
Instead of “I plead the Fifth” when it comes to not saying anything because it might tend to incriminate me, I’ll “plead The Geithner.” Turbo Tax made me do it!