- Edwards Releases Senate Fundraising Totals
- Academics Say Higher Education Prepared Them for Higher Office
- Top Races to Watch in 2016: The Mountain Region
- Top Races to Watch in 2016: New England
- Top Races in 2016: The Midwest
Jay Hunter works in the Members and Information department at CQ Roll Call. He spends his time compiling caucus rosters and federal agency staff information for various company products. He also writes and fact-checks profiles for Politics in America, the company’s signature reference book on members of Congress.
His summers are devoted to managing Roll Call’s annual 50 Richest project.
In April 2012, he joined the company after stints with Sen. Bob Casey, the German Marshall Fund and a refugee agency in Ohio.
A Pittsburgh native and D.C. resident, he graduated from The Ohio State University.
President Barack Obama pitched his proposal to increase the top capital gains and dividend tax rate to 28 percent from 23.8 percent as part of a simpler, fairer tax code that would favor the middle class. The proposed tax increase is designed to fall on the wealthy.
In a Congress packed with millionaires and near-millionaires, six lawmakers stand out on the other end of the spectrum — they didn’t report a single asset on their financial disclosure forms.
It was a good year for members of Congress in one respect: their pocketbooks.
They invested in an Italian soccer team, an aquaculture business, Subway sandwich franchises, the ride-share phenomenon Uber and good old blue chip stocks and bonds.
The annual congressional financial disclosure forms come in various sizes (from three pages to hundreds), styles (some are hand-written, others are farmed-out to third party accountants) and submissions (from on-time to extensions and even, possibly, amendments) with listed assets varying from college savings plans to professional sports teams.
The second homes and vacation properties of the 50 richest members of Congress bring to mind the Beach Boys’ “Kokomo:” 15 members on the list hold multimillion-dollar investment properties from Japan to Jamaica and from Bermuda to the Bahamas.
CQ Roll Call has calculated the net worth of every member of Congress every year since 1990. Net worth is derived by subtracting total minimum liabilities from total minimum assets reported in members’ annual financial disclosure statements.
A surprisingly strong year in the financial markets made the richest members of Congress even wealthier in 2012, with the median net worth of the 50 richest rising more than 17 percent, CQ Roll Call’s annual survey of congressional wealth shows.