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Tipsheet

Why is Charlie Rangel bailing out the rum industry?

As Soren Dayton explains,

The long and short of it is that Chairman Rangel is defending a provision of the bailout that allows the government of the Virgin Islands to subsidize (paid for with US excise taxes) the building of facilities for Diageo, the makers of Captain Morgan rum. Oh. And Rangel has a lot of donors in the Virgin Islands.
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