Writing a memoir is hard. And making money from one is even harder — even if you’re a Member of Congress.
HOH’s colleague Amanda Becker is reporting that Rep. Linda Sánchez recently amended her financial disclosure forms to reflect the fact that the book she wrote with her sister, Rep. Loretta Sanchez, hadn’t earned the power duo any money.
The California Democrats penned the 2008 book “Dream in Color: How the Sánchez Sisters Are Making History in Congress.” Their contract with Grand Central Publishing, according to their disclosure forms, gives them 7.5 percent royalties on trade paperbacks sold after the first $35,000 in sales.
But that deal has so far earned them ... nothing, their forms show.
Amazon is selling the book at the “bargain price” of $1.65, and used copies are available for as little as a penny.
HOH thinks that if they’d really wanted the tome to hit the best-seller lists, they should have replaced their thoughtful reflections on Congressional dynamics with a plot about a secret Catholic sect and a mystery that only a hunky symbologist could solve.
Each year since 1990, CQ Roll Call has reviewed the financial disclosures of all 541 senators, representatives and delegates to determine the 50 richest members of Congress. This year's report, derived from forms covering the calendar year 2012, shows it took a net worth of $6.67 million to crack the exclusive club.