Renzi Resigns from Intelligence Chair
This article is about Rep. Rick Renzi (R-AZ 1st) resigning as Chair of the House Intelligence Committee following the initiation of a federal investigation on financial transactions he may have authorized. If it is fact that the land swap deal he made through using his wife’s company and the legislation that would have benefited his father’s military contractor company were planned and enacted by the Renzil, then this nails the responsibility for the corruption squarely on his head. When juxtaposed with this situation, third-party financing of vacations for MCs seems more tolerable due to congressional self-serving bills creating a more polarized perspective closer to extreme unacceptability. Hence, gifts to MCs come closer to the median preference in congressional perks considered to be permissible. If Renzi is found to be culpable, he should be recalled to discourage other MCs from initiating such deals and instead limit their perk-grabbing behavior to accepting gifts from others and engaging in official business that might be minimally funded through taxes.
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Pardon me for commenting on my own article post, but I just found even more evidence of MCs despicably milking tax dollars for personal benefit: Back in January, Sen. Harry Reid (D-NV) introduced a bill that would incrementally raise the percentage of business meal and entertainment expenditures deductible by MCs from the current 50% (enacted by the Internal Revenue Code of 1986) to 75% later this year and to 80% in 2008. If the following link does not work, simply search the THOMAS website for S.58 in the 110th Congress:
http://thomas.loc.gov/cgi-bin/query/D?c110:1:./temp/~c110b7cteg::
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