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Remember this story about Dennis Rehberg and his claim that the ranch he inherited then subdivided is somehow worth millions less than last year? As it turns out, Rehberg is not quite as ‘cash poor’ as he first claimed.
Late last week, after the story went away, the millionaire congressman formally corrected his finance report upping the value of one of his assets — Rehberg Ranch Land & Livestock — from the $500,000-$1 million range to the $1 million-$5 million range. Read his amendment to his finance report for yourself—it’s online here.
Don’t blow this off as some minor mistake (as Rehberg’s office will surely try to do). Now matter how he spins it, the fact is Dennis Rehberg’s original accounting was off by up to $4.5 million dollars.
Dennis Rehberg’s inability to accurately fill out a financial “disclosure” comes on the heels of his last effort to make headlines, when he wrote an amendment that was so bad (allowing tobacco companies to market cigarettes to children), his own party was forced to pull it.
With gas prices rising and oil companies expected to report massive first quarter profits this week, incumbent Congressman Dennis Rehberg is finding himself in a tough spot defending his votes to maintain billions of dollars in taxpayer subsidies to oil companies [House Vote #153, 3/1/11]. Feeling the heat, even Speaker Boehner suggested Big Oil companies didn’t need these government handouts, stating oil companies are:
“gonna pay their fair share in taxes and they should,” Boehner told ABC News Monday night, adding that, “frankly, they’ve got some part of this to blame.”
When asked directly by a constituent in Columbus if he would consider ending subsidies for oil companies, Rehberg said only that “everything is on the table,” including “subsidies for the oil companies.” Does this mean he’s willing to reconsider his recent support of over $40 billion in handouts to Big Oil?
Although the House leadership admits that the richest oil companies in the nation don’t need billions in government subsidies, they have voted to continue these obscene handouts as recently as earlier this year.
Rep. Rehberg received $5,000 from Exxon in the first quarter of 2011. A recent NBC/Wall Street Journal poll found that 74 percent of voters support eliminating tax breaks to oil companies. [NBC/WSJ Poll, February 2011]