O’Rourke’s most recent financial disclosure, filed in February, reported between $100,001 and $1 million in income from PepperTree rent in 2018. Nothing wrong with that, of course, but something is amiss when an endless stream of laudatory profiles fails to mention it. O’Rourke turned his political campaigns into another family revenue stream. O’Rourke and his mother became co-owners of the building following the death of his father, former El Paso County Judge Pat O’Rourke, in 2001. Bloomberg once estimated the wealth of Beto’s father-in-law at $20 billion.
‘Stop the Press Before It Profiles Beto O’Rourke Again,’ came the muffled cry of Politico’s Jack Shafer a couple of weeks ago, from beneath a deluge of glowing cuttings about the Texas congressman. Twitter; Facebook; LinkedIn; Email; Whatsapp; Young Beto O’Rourke casts himself as the ‘anti-Trump’. "Some part of that wealth that has been built up and continues to be built up and receives favorable preferential treatment in the tax code must be taxed for our common benefit," the presidential candidate said in South Carolina. Sign up for membership to become a founding member and help shape HuffPost's next chapter, Register to vote and apply for an absentee ballot today. Cockburn. The complex needed interior work and lacked security features, such as the several cameras that now encircle the building, the building’s current property manager told TheDCNF. ‘O’Rourke ascended the stage with his daughter, Molly, riding piggyback. Beto O'Rourke Says He Supports A Wealth Tax. Rogers also donated $2,000 to Pat O’Rourke’s 1992 campaign for Congress. Most Democrats support rolling back all or a portion of President Donald Trump’s tax cuts, but there is less agreement within the party about the notion of a direct tax on the super-rich. His wife is not only the daughter of William D. Sanders, aka the Warren Buffet of real estate, Cockburn can reveal she is the only daughter. The summit is hosted by The Center for Popular Democracy Action, Planned Parenthood, Sierra Club and the Communications Workers of America. Business owners who opposed the plan accused Mr O’Rourke of a conflict, citing the involvement of his father-in-law, the billionaire developer William D. Sanders.’. O’Rourke family friends “said it was a simple matter of wealthy Mexican customers paying in cash,” according to Vanity Fair.
All rights reserved. Sanders’s portfolio is valued at about $20 billion. TIME magazine were agog as the congressman cooed, ‘I just want to be as raw and direct and real as I can — and it seems to be working.’. ASSOCIATED PRESS Democratic presidential candidate Beto O'Rourke said he would support a wealth tax. O’Rourke announced his campaign for president earlier this month in a video to supporters. Beto for Texas paid Stanton Street Technology Group $58,544 during the 2011-12 election cycle, $39,060 during the 2013-14 cycle, $9,290 in the 2015-16 cycle and $32,778 during the 2017-18 cycle, according to Federal Election Commission (FEC) records reviewed by TheDCNF. (Photo by Mark Wilson/Getty Images), Beto’s Campaign Deal With His And His Wife’s Company. In 2010, Charlotte’s was fined $250,000 for evading IRS rules on reporting large cash payments. Do you have information you want to share with HuffPost? The property is a 10-minute drive from the Bridge of the Americas port of entry connecting El Paso and the Mexican city of Juarez. TheDCNF’s reporter spent two nights at one of the complex’s 18 units, rented through Airbnb. Beto O’Rourke calls for health care for all, wealth equality in SF stop Melia Russell April 28, 2019 Updated: April 28, 2019 9:10 p.m. Facebook Twitter Email LinkedIn Reddit Pinterest His only reported liability is his home mortgage, listed between $250,000 and $500,000, roughly the same range as his hedge fund investments alone, which are valued between $200,002 and $500,000.
Cockburn. Beto O’Rourke Is The Most Transparent Candidate Of 2020, And The Most Opaque, Beto O'Rourke Recognizes He's Enjoyed 'Privileges' As 'A White Man', The Curious Link Between Bernie Sanders And Beto O’Rourke. ⚪ The 70 percent top rate in effect most of the years from the mid-1960s through 1980. Federal Election Commission (FEC) records show Rogers donated thousands of dollars to each of O’Rourke’s three House campaigns, as well as to his 2018 Senate campaign. O’Rourke later downplayed the sale’s profits, telling the Associated Press in October 2018 that most of the money went towards renovation and paying off the mortgage. ⚪ The 91 percent top rate in effect during the Eisenhower years of the 1950s. O’Rourke reported between $100,001 and $1 million in capital gains (profits) from the February 2017 sale in his congressional financial disclosures. Beto’s most valuable personal asset, independent of his wife’s wealth, is a commercial property also valued between $1 million and $5 million, according to his most recent financial disclosure. O’Rourke rails against ‘unprecedented concentration of wealth and power’ at kickoff rally. “I think fundamental to this experiment of America and democracy is ensuring we don’t have princes and princesses, kings and queens, a concentration of wealth and power and privilege, and that’s exactly what we have in this country right now,” O’Rourke told HuffPost when asked whether he would support a wealth tax. ⚪ The 50 percent top rate in effect after … Beto O'Rourke. O'Rourke is most notable for his 2018 campaign for United States Senate, in which he narrowly lost to Republican incumbent Ted Cruz.He sought the 2020 Democratic … Texas law doesn’t require public disclosure of sale prices on commercial real estate. Literarity posted a Facebook video that shows Beto fans milling about the quaint bookstore. The El Paso county tax assessor valued the property a little below $1.1 million in 2018, county records show. Even the paper who broke the scoop couldn’t be bothered to do any digging when they went on the trail with Beto in February. In your mind, what top marginal tax rate for the federal income tax would rate as “fair”? 29 October 2018. ©2020 Verizon Media. 5:05 PM. A New York Times reporter watched O’Rourke speak to a crowd in El Paso. He declined to make Rogers available for an interview.
Amy has a trust fund worth between $1 million and $5 million, Beto’s financial disclosures show. For licensing opportunities of our original content, please contact licensing@dailycallernewsfoundation.org. The commercial property, an El Paso strip mall called PepperTree Square, is home to two restaurants, a tennis shop and a hair salon, among other tenants. Such payments are legal so long as the campaign is charged for the actual cost of the services, but ethics watchdogs have criticized the practice as a form of self-dealing. Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. Democratic presidential candidate Beto O’Rourke is a wealthy man, and he has his family to thank for that. A Yahoo profile of O’Rourke described how he ‘married Amy Sanders, a charter school administrator,’ and served on the City Council ‘championing downtown redevelopment.’ But the reporter didn’t bother to look into who Sanders’s father was. Here’s how. He sold the complex to longtime family friend and campaign donor Patricia Rogers, public records show. In February 2017, a month before launching his Senate campaign, O’Rourke offloaded an apartment complex that he co-owned with his mother.
A report from the Washington Times indicates that O'Rourke in 2015 was the 51st-richest U.S. Representative — out of 435 members — with $9 million in wealth. O’Rourke held a campaign meet-and-greet at Literarity Books, one of Peppertree’s tenants, in December 2017. O’Rourke’s mother, Melissa O’Rourke, gave Beto his share of the property in 2012, according to his financial disclosures. Beto’s more the proto-Jared Kushner. Young Beto O’Rourke casts himself as the ‘anti-Trump’. Either O’Rourke or his wife owned Stanton Street, a small web development firm that Beto O’Rourke founded in 1998, during the vast majority of those payments. The identity of that customer remains unknown. The majority of Beto’s wealth came through his parents and wife, public records show. The New York Times today revealed the highly interesting news that friend-of-the-little-guy Beto married well. “What would be out-of-bounds is if the candidate abused the process and over-paid for goods and services just to enrich themself or their family,” he told TheDCNF. Confessions of the secret suburban Trump moms: California, Armenian PM Nikol Pashinyan on the Azerbaijani conflict, Trump was his own worst enemy in the first debate. While he entered the race later than other candidates, he’s quickly endorsed some of their signature issues like the wealth tax, reforms to the structure of the Supreme Court and a proposal to give infants so-called baby bonds to address systemic inequalities. Tap here to turn on desktop notifications to get the news sent straight to you. PepperTree’s longtime “anchor tenant” was Charlotte’s, an upscale furniture store owned by Beto’s mother, Melissa O’Rourke, the Houston Chronicle reported. Compare O’Rourke’s net worth to Senator Ted Cruz, who is estimated to only have a $4 million net worth, and ranked 41st out of 100 senators.
He paid roughly $110,000 in campaign funds to a web development company while either he or his wife owned it, public records show. He also has other businesses that add to his total income. Beto and his wife,Amy Sanders O’Rourke, together own assets worth between $2.4 million and $11.3 million, according to an analysis of O’Rourke’s most recent congressional financial disclosureby The Daily Caller New Foundation. The furniture store allegedly received more than $630,000 in cash from “a particular customer,” but divided it up into increments less than $10,000 to avoid IRS reporting requirements, according to court documents reviewed by TheDCNF. Beto O’Rourke Net Worth The former representative has accumulated wealth valued at $10 million as of September 2020, part of which has come from his political career. Robert Francis "Beto" O'Rourke (/ ˈ b ɛ t oʊ oʊ ˈ r ɔːr k /; born September 26, 1972) is an American politician who represented Texas's 16th congressional district in the United States House of Representatives from 2013 to 2019. But his father-in-law, it turns out, is a billionaire property developer … And GQ were content to focus on other members of his family. “It was not a money-making proposition for us,” he said. Wancho said he thought there wasn’t anything unethical about a candidate directing campaign funds to a business they own. 340 ROCK HILL, S.C. ― Democratic presidential hopeful and former Congressman Beto O’Rourke said he would support taxing the wealth of the country’s super-rich following a campaign stop in South Carolina on Friday, embracing a proposal first unveiled by fellow presidential candidate Sen. … She closed the store in early 2017. The “system is rigged,” he said, adding, “I can tell you that access is purchased, that votes are bought and paid for, that outcomes are determined before you have a chance to call your member of Congress or senator.”’, Per today’s Times, ‘Over the next two years, Mr. O’Rourke would defend the plan before angry barrio residents and vote to advance it.
Very well. Today is National Voter Registration Day! Most all candidates for the White House agree that the rich should pay their “fair share” at tax time. Warren’s proposal would levy a 2 percent tax on assets over $50 million and a 3 percent tax on assets over $1 billion, part of an ambitious slate of policy ideas she has proposed to curb economic inequality. Share.