Should Business Fear Charlie Rangel?

If the Dems win the House, it will have to deal with him

It's a warm spring morning in Washington, and despite 30 years as a Democratic representative, Charles B. Rangel of New York finds himself on unfamiliar turf--the overstuffed Eisenhower Room of the Capitol Hill Club, a GOP hangout two blocks from the Rotunda. With him are about three dozen business executives and lobbyists--and they're not there for the eggs and muffins. Just days before the May 24 House vote on China trade, they want to know where Rangel stands. More important, they're already wondering what this old-style liberal from Harlem would be like as chairman of the House Ways & Means Committee, which oversees tax and trade legislation.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.