Tea Party Caucus Members Are Twice As Rich As Typical Member of Congress
Tea Party Caucus Members Are Twice As Rich As Typical Member of Congress, Push Tax Policies That Favor Wealthy
A
new analysis by the
Center for Responsive Politics finds that the median House Tea Party Caucus member is more than twice as wealthy as the median member of Congress and nearly three times as wealthy as the median member of the Progressive Caucus:
[blockquote ]The median average net worth of a member of the House Tea Party Caucus was $1.8 million in 2010. [...]
That's significantly higher than the comparable number for the median House member: $755,000. It's also more than 130 percent above the $774,280 average net worth of the median, non-Tea Party Caucus House Republican.
Furthermore, the caucus, a group of 60 House members founded by Rep. Michele Bachmann (R-Minn.), includes 33 millionaires and six members worth more than $20 million, according to the Center's research. [...]
The median House Republican, generally speaking, was worth significantly more than the median House Democrat last year: $834,250 versus $635,000. [...]
The Center's research found that the median average net worth of a member of the Progressive Caucus was about $639,500 in 2010.
(more)