The 1%? They’re In Congress!
November 19, 2011
California's Influential Darrell Isaa Is One Of The Wealthiest In Congress
No Surprise Here! Fox News tells you that a fair number of the “1%” making more than a million dollars a year have seats in Congress! Thirty-seven Democratic Senators and 30 Republican Senators are worth more than ONE MILLION DOLLARS. The House is not much different.
Follow @TKC_US“Talk about the 1 percent.
A new study shows about half the lawmakers in Congress are millionaires, and that their net worth has risen steadily since 2008 despite the financial crash.
The analysis by the Center for Responsive Politics found that 250 members of Congress have an estimated net worth of at least $1 million. Though some members of Congress have tried to cozy up to the Occupy Wall Street protests and their message of representing 99 percent of America, assets of more than $1 million would easily put those lawmakers in the top 1 percent.
And as it turns out, wealth knows no party.
According to the report, 37 Senate Democrats and 30 Senate Republicans are worth more than $1 million.
Congress Doing Too Well...And Doing Too Little?
In the House, 110 Republicans and 73 Democrats enjoy the same status.
The Senate is more flush with funds than the House. In the upper chamber, the median net worth of a senator is $2.63 million. For a House member, it’s about $757,000. Those figures are up 16 and 17 percent, respectively, from 2008.
The center crunched the numbers for each member of Congress by examining his or her publicly released assets and liabilities, then calculating the average between his or her minimum and maximum estimated worth.
As several previous tallies have shown, Rep. Darrell Issa, R-Calif., came out as the wealthiest member in Congress — with an average net worth of $448 million. Close behind were Rep. Michael McCaul, R-Texas; Sen. John Kerry, D-Mass.; Sen. Mark Warner, D-Va.; and Sen. Herb Kohl, D-Wis.”
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