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Article: Rangel rakes in cash during island rum scrum; Chairman weighs rival tax bills.(PAGE ONE)
- Article from:
- The Washington Times (Washington, DC)
- Article date:
- October 6, 2009
CopyrightCOPYRIGHT 2009 The Washington Times LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: S.A. Miller, THE WASHINGTON TIMES
The outcome of a legislative tussle over rum taxes between Puerto Rico and the U.S. Virgin Islands remains in doubt, but there is already one clear winner - the House's top tax writer, Rep. Charles B. Rangel, a New York Democrat who is pocketing campaign cash from both territories.
At issue are competing bills that could make or break a deal that lured rum producer Captain Morgan from its longtime home in Puerto Rico to a new facility in the Virgin Islands with the promise of billions of dollars in subsidies to the liquor company paid out of U.S. rum taxes.
Puerto Rico wants to drastically limit the ...