Who's Paying for this election?
Center For Responsive Politics!
By Anonymous on Monday, March 19, 2001 - 11:53 am:
Monday March 19 06:52 AM EST
Paper: Sen. Clinton Gets Pricey Office
Sen. Hillary Rodham Clinton's taxpayer-funded New York offices are the priciest in the Senate, the New York Post reported. The space costs more than twice that occupied by the state's senior senator.
Another controversy may be looming over Clinton's New York office space, but this time it's not Bill's.In a front-page story, the New York Post is reporting that Sen. Hillary Rodham Clinton has taken a $514,149-per-year suite in a stylish Manhattan high rise.
"It lacks the prestige and the views of the Chrysler Building, but it fits our needs," Clinton spokesman Jim Kennedy was quoted as saying.
Paper: More Than Double Schumer's Rent
The rent is by far the highest paid for any senator's office, and more than double the $209,532 taxpayers shell out for the local offices of New York's senior senator, Chuck Schumer.
Schumer's offices are across the street and a block away.
"It's inconceivable to me that somebody can spend almost two and a half times more and be from the same state, representing the same constituents," David Keating, of the National Taxpayers Union, told the Post.
Sen. Diane Feinstein, D-Calif., is no. 2 in the Senate, with a $424,632 office in San Francisco, about half the size of Clinton's. Schumer comes in third, the paper reported.
Clinton's lease includes electricity, the Post reported.
Space Worthy of a Senator
But not everyone is crying foul.
"I don't think she's paying too high a rent for the type of building a U.S. senator should be in," Mitch Arkin of real-estate giant Cushman and Wakefield was quoted as saying.
"She's like royalty. She's the ex-president's wife. She lived in the White House for eight years for crying out loud.
Others, however, were floored by the numbers.
"To spend lavishly on her office sends a small but noticeable signal that perhaps she has less respect for the taxpayers than she ought to," Gary Ruskin of the Government Accountability Project was quoted as saying.
Cheaper Than It Could Have Been
But the rent is a step down compared to what she would have paid to take residence in the offices of former Sen. Daniel Patrick Moynihan, who she replaced.
While Moynihan's offices cost taxpayers $280,000 annually, he was a tenant there for 24 years. A new lease for the same space would go for around $627,000, the paper reported.
Clinton's offices feature a large room for volunteers, interns and caseworkers, six private offices for staff, cubicles and a kitchen, in addition to the senator's personal office. The building offers tenants a 154-seat terraced auditorium with padded chairs and on-site catering in its business center.
NEW YORKERS, YOU are RICH ~ You are getting what you paid for...
OOOouuchh! That's MY tax $$$$$ too!!
By Anonymous on Monday, June 14, 2004 - 11:52 pm:
Senators' Wealth Shows in 2003 Reports
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By ALAN FRAM, Associated Press Writer
WASHINGTON - Senators' financial disclosure reports showed anew Monday how wealthy most of them are, with quirky nuggets like a $1,059.75 Taurus and the gift of a sled dog buried amid trust funds, blind trusts and real estate holdings.
Sen. Edward Kennedy, D-Mass., who reported from $8 million to $40 million in family trust funds, listed up to $2,500 in rental income for a single parking space in Boston.
Senate Majority Leader Bill Frist, R-Tenn., said his three sons' holdings included small interests in Krispy Kreme Doughnuts and Wendy's International Inc. Those companies' fast-food products seem counterintuitive for the senator, a heart surgeon and avid jogger.
The 2003 forms, as always, present data in broad ranges of dollars. They go beyond senators' salaries, which are $154,700. Three leaders — Frist, Senate Minority Leader Tom Daschle, D-S.D., and Sen. Ted Stevens, R-Alaska, the Senate's president pro tempore — were paid $171,900.
Once again, the filings show that riches know no political boundary and that the Senate's millionaires are not limited to those from families of renowned wealth.
Yes, there is Kennedy. And Sen. John D. Rockefeller, D-W.Va., reported three blind trusts exceeding $80 million in value.
But there are also the lesser known millionaires like Sen. Richard Shelby, R-Ala. Shelby, chairman of the Senate Banking, Housing and Urban Affairs Committee, has assets including an apartment complex in Tuscaloosa, Ala., he valued at $5 million to $25 million.
Similarly, Sen. Jon Corzine of New Jersey, who chairs the Senate Democrats' campaign committee, reported holdings including $25 million to $50 million in stock in The Goldman Sachs Group plus a tax-free fund worth another $25 million to $50 million. Corzine is former chairman of Goldman Sachs & Co., the investment bank.
Stevens, chairman of the Senate Appropriations Committee, listed Alaska real estate worth up to $1.5 million, though he reported losing $43,000 on his home-state land investments. His financial dealings were examined by The Los Angeles Times, which reported his wealth had grown from investments with people whom he helped with legislation.
Stevens was given a sled dog for his public service by an Alaska sport fishing group. He then bought the dog's twin for $250.
Senate Foreign Relations Committee Chairman Richard Lugar, R-Ind., said he had a 1993 Ford Taurus worth $1,059.75. His assets included his $766,000 home in northern Virginia.
Of the Senate's two party leaders, Frist is easily more financially comfortable than Daschle.
Frist, whose family started what is now HCA Inc., the country's biggest chain of for-profit hospitals, listed assets including one blind trust of $5 million to $25 million, and two others worth $1 million to $5 million. His wife and sons each reported blind trusts exceeding $1 million.
In a blind trust, a trustee manages the assets and informs the owner of its total value and income, but not details of transactions. It is set up to avoid a conflict of interest.
Daschle reported 17 mutual funds and other investments, with two worth from $50,000 to $100,000.
He said he also earned $583,250 in royalties from his book on his brief period as majority leader, "Like No Other Time: The 107th Congress and the Two Years that Changed America Forever." He said he gave to charity the $449,021 that remained after taxes and expenses.
Other Senate authors included Sen. Robert Byrd, D-W.Va., who got a $40,000 advance from W.W. Norton publishers for the book he plans to publish this election year, "Losing America: Confronting a Reckless and Arrogant Presidency."
Sen. Trent Lott, R-Miss., reported a $53,000 advance for his memoirs. In 2002, he relinquished his majority leader post after commending Sen. Strom Thurmond's segregationist 1948 presidential campaign.
Sen. John McCain, R-Ariz., gave to charity the $159,139 he earned from his book, "Worth Fighting For." And retiring Sen. Zell Miller, D-Ga., who has often clashed with his own party, reported $175,000 in royalties from "A National Party No More: The Conscience of a Conservative Democrat."
Sen. Hillary Rodham Clinton (news - web sites), D-N.Y., reported earning $2.3 million in royalties for "Living History," her memoirs. She and her husband, former President Clinton (news - web sites), reported assets valued from $2 million to more than $10 million.
The presumptive Democratic presidential candidate, Sen. John Kerry (news - web sites), D-Mass., listed $89,000 in royalties for "A Call to Service."
Kerry, who released his forms in May, listed four trusts worth up to $2.1 million. His wife, Heinz food heiress Teresa Heinz Kerry, has a fortune estimated beyond $500 million.
The forms also showed that in 2003:
_Senate Finance Committee Chairman Charles Grassley, R-Iowa, earned $45,000 from his farm last year.
_Sen. Orrin Hatch, R-Utah, made $33,000 in royalties from his patriotic and religious songs.
_Retiring Sen. Bob Graham, D-Fla., a defeated presidential contender, listed $5 million to $25 million in interests in The Graham Cos., a Miami real estate and development company.
By avcvjhctf on Wednesday, January 26, 2011 - 12:51 pm: