WMFD TV

Search Archive WMFD.com News

www.wmfd.com - According to a new report from the non-profit Center for Responsive Politics, for the first time ever, more than half of current members of Congress are millionaires. }}" />

   
 
 
Majority Of Members In Congress Are Now Millionaires

Story By: Larry Stine

 

 

 
 
 
  Email Story to Friend
   
  Original Published: 1/13/2014

According to a new report from the non-profit Center for Responsive Politics, for the first time ever, more than half of current members of Congress are millionaires. Among the 534 current members of Congress, at least 268 had an average net worth of one $1-million or more in 2012. The CRP sighted disclosure forms filed last year. A year ago, the total stood at 257 members, or about 48 percent. The group said the new figure "represents a watershed moment at a time when lawmakers are debating issues like unemployment benefits, food stamps and the minimum wage." This year's analysis was complicated by a change in reporting rules that allows lawmakers to report the worth of high-value assets and income as simply $1-million dollars or more, after previously requiring more specific values. Rep. Darrell Issa, a Republican from California, remains the wealthiest member of Congress with a net worth that average $464-million in 2012, stemming from his car alarm business.

   
  MORE RECENT NEWS
 
Image1 The first Richland County Children Services Spaghetti Bowl will be played Halloween night between the Mansfield Senior and Madison high school football teams at StarTek Stadium at Ram Field. Full Story
Image1 The 48th Annual Fireman's Ox Roast is underway in Shiloh and runs through this weekend. Full Story
 
Image1 PR Machine Works on Nussbaum Parkway in Ontario celebrates its 50th anniversary Friday and Saturday. Full Story
Image1 Ashland Woman Sentenced To 32 Years In Prison For Labor Trafficking And Relate Crimes Involving Disabled Woman. Full Story
  MORE NEWS
 

Ashland woman sentenced in labor trafficking case

Former booster club treasurer indicted for theft

Mansfield Man Electrocuted To Death At Local Substation

Abon Cards and Coins raided by Secret Service

A Midsummer's Night Preview

NCSC Hosts International Conference

NCSC Hosts International Conference

Home Care Matters Hosts Children's Grief Camp

Task Force arrests aggravated robbery suspect

Sundown Rundown A Success In Mansfield

SUV Driver In Fatal Motorcycle Crash Arraigned On Felonies

Ashland man sentenced to prison for labor trafficking

Richland Bank holding 5K Walk/Run

NAACP annual membership drive underway

MCS kindergarten camp Aug. 11-15

Matt Sauder Memorial Ride To Be Held August 2

More News