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Why Charlie Rangel stepped down as Ways and Means chairman

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From Christian Science Monitor

With support fading in Democratic ranks, Rep. Charlie Rangel (D) of New York stepped down Wednesday as chair of the tax-writing House Ways and Means Committee.

For more than a year, the popular chairman - a close ally of Speaker Nancy Pelosi - has dodged calls from Republicans and ethics watchdog groups for his resignation.

But with last week's finding by the House ethics panel that Representative Rangel violated House gift rules by accepting corporate funding for trips to the Caribbean, Democrats broke ranks.

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