How Rich Are They?
What a difference a year makes in the portfolios of American politicians.
Story about The Daily Beast: Dude first Michele Bachmann
Charles Rangel, former disgraced President of the House tax writing committee, is no longer a holiday villa in the Dominican Republican where he failed to pay taxes. It may have been censured by the House for his transgressions, but he reserved a healthy $ 250,000 to $ 500,000 on the sale of the property.
The Speaker of the House, Republican John Boehner, likes to brag about his business acumen on the podium, but it is not nearly as rich as his predecessor, Democrat Nancy Pelosi, who has one of the richest portfolios Congress.
And many of those Republicans who were swept into office last November by courting the faithful Tea Party with a promise to reduce the national debt, it turns out, have a lot of their own personal debts.
These are just a few nuggets gleaned from legislators to disclose annual financial reports filed Wednesday, the Americans to give you a once a year in investment portfolios and interest of legislators on Capitol Hill.
Lots of reports this year continues one of the stories of the past decade, Congress is always packed with a lot of rich people who own shares in companies with interests in legislative matters before them.
Boehner, for example, has overseen a House Republican who went to bat for tax breaks, increased drilling, and less regulation of oil companies while gas prices have increased. His personal investment, estimated at $ 2 million or more, including oil giants like Exxon, Chevron, BP, ConocoPhillips and Occidental.
Although proud of its success story of increased humble beginnings to become an officer of a firm plastic, Boehner's wealth pales in comparison to that of Pelosi, now House minority leader after Democrats lost control of the House last fall.
The California Democrat and her husband own three properties, each worth more than the entire portfolio Boehner, including a commercial building in San Francisco, a vineyard in St. Helena, California, a residential real estate partnership in Sacramento .All three were evaluated in the range of $ 5 million to $ 25 million.
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