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Millionaires’ Club: For First Time, Most Lawmakers are Worth $1 Million-Plus

January 14, 2014 Comments off

Millionaires’ Club: For First Time, Most Lawmakers are Worth $1 Million-Plus
Source: Center for Responsive Politics

For the first time in history, most members of Congress are millionaires, according to a new analysis of personal financial disclosure data by the Center for Responsive Politics.

Of 534 current members of Congress, at least 268 had an average net worth of $1 million or more in 2012, according to disclosures filed last year by all members of Congress and candidates. The median net worth for the 530 current lawmakers who were in Congress as of the May filing deadline was $1,008,767 — an increase from the previous year when it was $966,000. In addition, at least one of the members elected since then, Rep. Katherine Clark (D-Mass.), is a millionaire, according to forms she filed as a candidate. (There is currently one vacancy in Congress.)

Last year only 257 members, or about 48 percent of lawmakers, had a median net worth of at least $1 million.

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2012 Election Spending Will Reach $6 Billion, Center for Responsive Politics Predicts

November 6, 2012 Comments off

2012 Election Spending Will Reach $6 Billion, Center for Responsive Politics Predicts

Source: Center for Responsive Politics

The 2012 election will not only be the most expensive election in U.S. history, the cost will tower over the next most expensive election by more than $700 million.

Earlier this year, the Center for Responsive Politics estimated that the 2012 election would cost $5.8 billion — an estimate that already made it the most expensive in history — but with less than a week to go before the election, CRP is revising the estimate upwards. According to CRP’s new analysis of Federal Election Commission data, this election will likely cost $6 billion.

The most significant difference compared with earlier cycles is the unprecedented money being raised and spent by outside – and ostensibly independent – organizations, which we are predicting will spend more than $970 million.

New Study: More Than 130 Top Congressional Staffers Are Former Lobbyists

March 3, 2011 Comments off

New Study: More Than 130 Top Congressional Staffers Are Former Lobbyists
Source: Center for Responsive Politics

At least 130 current congressional chiefs of staff and legislative directors are former lobbyists, new research by the Center for Responsive Politics and Remapping Debate indicates.

And some of these powerful staffers — both Democrats and Republicans — have worked multiple lobbying jobs prior to working in their current congressional capacities, the project finds.

The majority of chiefs of staff and legislative directors represented corporations, trade organizations, or worked for lobbying firms that represented corporations, but a wide range of entities were represented: from the National Right to Work Committee to the American Federation of State, County and Municipal Employees; from King & Spalding to the U.S. Public Interest Research Group; and from the American Insurance Association to Human Rights Campaign.

+ Revolving Door: Reverse Revolvers of the 112th Congress

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