Have you heard about tax "hideaway" for Spec. Interest donors?

Question

Caution, this may make you mad. Rep (D) Charles Rangle Tax Proposal to Benefit His Donors. “The chairman of the House Ways and Means Committee has proposed legislation that would effectively halt some current tax audits of people who get a tax break for living and operating a business in the United States Virgin Islands.”
“Many beneficiaries of the tax break are campaign contributors to the lawmaker, Representative Charles B. Rangel, Democrat of New York, according to data collected by CQ MoneyLine, which tracks political contributions.”
“Beneficiaries of the tax break including Michael W. Masters and Richard H. Driehaus, money managers, accounted for more than half the $51,900 that individuals in the Virgin Islands gave last year to Rangel for Congress, the chairman’s campaign organization.”

Answer 1

Yes, this isn't anything new.