Iowa U.S. Sen. Tom Harkin (D-Cumming) can count himself among the wealthiest 1 percent of Americans, according to a USA Today analysis of financial disclosures of members of Congress.Harkin has an estimated net worth of $16.6 million, putting him among the 57 members of Congress or 11 percent that are worth $9 million or more and thus in the wealthiest 1 percent.
The wealthiest 1 percent measurement has become popular in recent months as Occupy Wall Street demonstrators and others have begun referring to themselves as “the 99 percent,” decrying wealthy Americans and corporations they say aren’t paying their fair share in taxes.
Other members of the Iowa Congressional delegation aren’t included in the wealthiest 1 percent. U.S. Rep. Tom Latham (R-Ames) is worth $5 million; U.S. Sen. Chuck Grassley (R-New Hartford) is worth $3.2 million; and U.S. Rep. Leonard Boswell (D-Des Moines) is worth $1 million.
U.S. Rep. Dave Loebsack (R-Mount Vernon) is worth $499,000; U.S. Rep. Bruce Braley (D-Waterloo) is worth $435,500; and U.S. Rep. Steve King (R-Kiron) is worth $240,000.
The wealthiest members of Congress are U.S. Rep. Darrell Issa (R-Cal.), at $448.1 million; U.S. Rep. Michael McCaul (R-Texas), at $380.4 million; and U.S. Sen. John Kerry (D-Mass.), at $231.7 million (most of which is courtesy of his wife, Teresa Heinz Kerry).
Senate Majority Leader Harry Reid (D-Nev.) is worth $6.8 million; and Senate Minority Leader Mitch McConnell is worth $27.2 million.
House Speaker John Boehner is worth $4 million; House Minority Leader Nancy Pelosi (D-Cal.) is worth $101.1 million; and House Majority Leader Eric Cantor (R-Va.) is worth $5.4 million.
Net worth doesn’t include primary residences or other personal property.
Original Article
Source: Iowa Independent
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