In their extensive probe, Senate investigators found evidence to suggest Crow has made repeated misrepresentations to the U.S. government. ProPublica revealed the tax maneuvers in a previous story.
By Paul Kiel, Pro Publica
A key congressional committee is pressuring billionaire Harlan Crow for answers after investigators turned up additional evidence that he misrepresented his yacht as a business to score a tax break.
The inquiry is part of the ongoing congressional investigations of Justice Clarence Thomas’ gifts from billionaires. Crow was perhaps Thomas’ greatest patron, often hosting the justice on his private jet and his 162-foot yacht, the Michaela Rose.
ProPublica reported last July that Crow had taken millions in questionable tax deductions related to his yacht. In a letter Monday, Senate Finance Committee Chair Ron Wyden, D-Ore. asked Crow to justify those deductions, especially in light of new information turned up by his committee.
“Any effort to mischaracterize a yacht used as a pleasure craft as a business is a run of the mill tax scam, plain and simple,” Wyden wrote.
Recent Posts
Did A Federal Judge Sink Super PACs?
Take Action Now The judge blocked a ban on Super PACs in Maine — but legal activists discovered a kill switch inside the ruling.By David Sirota…
The Corporate Centrists Cannot Hold: ‘Big Tent’ Democrats Cave Once More
Take Action Now The perils of unprincipled, performative so-called “resistance.”By Christopher D. Cook, Common Dreams Wow, seriously? The…
One Weird Trick To Get Rid Of Chuck Schumer
Take Action Now Any single Senate Democrat can force a vote on Schumer’s job as minority leader.By Whitney Curry Wimbish, The American Prospect…
I Was One of the First People to Say “Don’t Run, Joe.” Now I’m Saying “Step Down, Chuck.”
Take Action Now Senate Democrats’ collapse in the latest government funding fight is just the latest example of the party’s inability to advance bold…