Papa Mike's Blog (Free subscription) | yesterday
... a valuable tax loophole for an oil and gas drilling company while the firm’s chief executive, Eugene Isenberg, was promising to donate $1 million to the Charles B. Rangel School of Public Service at City College of New York. On Feb. 12, 2007, the day the tax legislation was being considered in his committee, Rangel met in New York City with Isenberg to discuss his support for...
New York Post (Free subscription) | 30/11/2008
Tuesday, The New York Times delved into the relationship between Rangel and oil-drilling businessman Eugene Isenberg - who made a $1 million pledge toward building Rangel's school for public service at City College of New York. Rangel later preserved a controversial offshore tax loophole that saved Isenberg's company, Nabors, millions.
Gothamist (Free subscription) | 25/11/2008
Today in the ongoing examination into Rep. Charles Rangel's dealings, the NY Times wonders--on the front page -- about a pledged $1 million donation to a City College school of public service (being named after Rangel) from a oil executive. Eugene Isenberg, who has paid $200,000 of the donation so far, heads an oil drilling company Nabors Industries which dodged "tens of millions" in...
Gumbo (Free subscription) | 26/11/2008
... a bill that would have subjected these corporations to U.S. taxes.Among those who benefited was Eugene Isenberg, chairman of Nabors Industries, an oil-drilling company that was the poster-child for offshoring in 2002. At the time Rangel killed the bill, Mr. Isenberg pledged $1 million to the "Charles B. Rangel School of Public Service" at the City College of New York. (The...
US News (Free subscription) | 25/11/2008
... a bill that would have subjected these corporations to U.S. taxes.Among those who benefited was Eugene Isenberg, chairman of Nabors Industries, an oil-drilling company that was the poster-child for offshoring in 2002. At the time Rangel killed the bill, Mr. Isenberg pledged $1 million to the "Charles B. Rangel School of Public Service" at the City College of New York. (The...
CNN (Free subscription) | 26/11/2008
... Kenneth Kies, a lobbyist for Nabors, told CNN that he and Rangel were in a meeting with Nabors CEO Eugene Isenberg on February 12, 2007, to discuss the donation. Rangel also held a separate meeting at the same hotel to discuss a tax break for Nabors Industries, Kies said.But Rangel said the two meetings had nothing to do with each other."Those who heard me speak about the school program...
The Mamacoke Think Tank (Free subscription) | 25/11/2008
... pledged $1 million to the center that was named in Rangel’s honor. Rangel and Nabors’ CEO Eugene Isenberg have denied that there was any quid pro quo here, but the Times story does not paint a pretty picture. Among other things, it notes, Rangel was at one point firmly against the tax shelter in question before suddenly coming out in favor of leaving the loophole in place—a move that...
