Richest Members of Congress Padding Incomes with Rental Properties

Photo courtesy of Wikipedia

Photo courtesy of Wikipedia

As if you didn’t need another reason to dislike members of Congress. If you’ve been paying attention to the news over the past week, you’ve probably heard quite a bit about the government shutdown and the circus taking place on Capitol Hill. What you may not have read, however, is a short article written by Jay Hunter for Roll Call about how the richest members of Congress are getting richer all while hanging out in Washington.

According to Hunter, 15 of the 50 richest members of Congress hold multimillion-dollar properties outside of their home states and D.C. that are used as investments or vacation homes. One member, Florida Rep. Vern Buchanon, owns a small stake in the private Chub Cay Resort and Marina in the Bahamas as well as two transportation companies that claim an executive jet, turboprop, and a Broward yacht as assets.

Another member, Sen. Tom Harkin, is said to have made between $15,000 and $50,000 in rental income on a vacation home he owns in the Bahamas while Rep. Carolyn B. Maloney of New York reportedly brought in $2,500 to $5,000 for renting out her property in Jamaica and another $40,000 in rent from properties owned in Virginia and North Carolina.

Of the 15 on the list, five hail from California. The richest member of Congress, Rep. Darrell Issa, owns several properties in his home state including a place on Lake Tahoe valued at $1 million to $5 million. Other notables from the state of California include Rep. Gary G. Miller who owns residential lots in Oregon, John Campbell who shares ownership of his family farm in Kansas, and Sen. Dianne Feinstein who owns a condominium worth $1 million to $5 million in Hawaii.

The remaining members on the list own properties or vacation homes in popular tourist spots such as Miami, New York City, and Dallas and other areas including West Virginia and Georgia.

Would anyone else like to see some of these members take a permanent vacation to one of these places?

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