A recently filed financial disclosure shows U.S. Rep. Vern Buchanan celebrated passing the House version of the Republican tax bill in quite the lavish way. According to the disclosure, Buchanan spent between $1 million and $5 million purchasing an Ocean Alexander yacht on Nov. 16, 2017, the same day he joined 226 other Republicans and no Democrats in voting for the first draft of the “Tax Cuts and Jobs Act.” The final tax bill passed Congress on Dec. 20 and was signed into law by President Donald Trump two days later.
While the tax plan was pitched as helping the middle class, it does so only minimally and temporarily if at all. For the nation’s highest earners and for corporations, however, it was a magnanimous change in policy. Count Buchanan among those benefitting bigly. It’s no secret that Buchanan, who represents Florida’s 16th Congressional District, is a wealthy man. According to a Roll Call report, his $73.9 million net worth makes him the eighth wealthiest member of Congress, and by far the wealthiest from the Sunshine State — U.S. Rep. Tom Rooney is $19 million behind in the No. 11 spot.
Given his net worth and income, progressive group Tax March estimated that the bill would save him up to $2.1 million on his taxes. That’s most of the way to a yacht, which likely trended toward the higher end of the reported range given that Ocean Alexander’s least expensive model — the 70-foot 70E Motoryacht — has a base price of $3.25 million.
Corrupt self serving reprobates fill Congress. This is just one of them. But go ahead, keep sending these people to ‘represent’ ‘you’. You deserve them.