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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

 

 

 
 
 
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  Originally Published on: 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.

   
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