header image

[Sign Up Now] to Receive Our FREE Daily SCVTV-SCVNews Digest by E-Mail

Inside
Weather


 
Calendar
Today in
S.C.V. History
May 5
1828 - Soledad Canyon settler John Lang born in Herkimer County, N.Y. [story]
Lang


File photo

File photo

A political blog post on Roll Call lists U.S. Rep. Howard “Buck” McKeon, R-Santa Clarita, as the fourth poorest member of the House or Senate.

According to Roll Call, a report by Steven Dennis for Hannah Hess’ Hill Botter lists McKeon’s net worth as -$943,000 (a negative number) due to a pair of mortgages valued at more than $500,000, in addition to a personal loan for more than $10,000.

At the other end of the spectrum, Rep. Darrell Issa, R-San Diego, whose worth is estimated at around $357 million, is No. 1 out of the nation’s 535 members of Congress.

Issa made a fortune as CEO of Directed Electronics, a car alarm company from San Diego.

“Quirks” in the nation’s disclosure laws make it impossible to accurately assess net financial worth off the forms alone, the post states.

Perhaps most significantly, federal legislators must list a mortgage as a liability, but they don’t have to list home values, which, for most, is their largest asset, the blog points out.

Using the example of Congress’ “poorest” member, Rep. David Valadao, R-Hanford, the list points out “how imprecise congressional financial disclosure requirements are.”

A dairy farm listed by Valadao has a value range of $1 million to $5 million, so for the purposes of the story, the blogger used the lowest end estimate of $1,000,001. Another property listed between $500,001 to $1 million, which the list valued at $500,001.

The congressional leaders’ “minimum net worth” was calculated by taking the total minimum values of their assets and subtracting the total minimum value of liabilities, which is evaluated on the same type of range.

They also aren’t required to disclose personal residences or federal savings accounts, according to the post.

The list of the poorest included “one majority whip, one party chairman, one formerly impeached judge and one senator,” the post states.

 

Comment On This Story
COMMENT POLICY: We welcome comments from individuals and businesses. All comments are moderated. Comments are subject to rejection if they are vulgar, combative, or in poor taste.
REAL NAMES ONLY: All posters must use their real individual or business name. This applies equally to Twitter account holders who use a nickname.

8 Comments

  1. Not even worth a comment.

  2. Perhaps he is more concerned with doing his job representing his constituents than money grabbing…. And considering how many kids and grandkids he has, don’t know how he has ANY money at all! ;-)

  3. Reading the article, it makes me realize how absolutely lacking in fact, and unworthy of an article, this is.

  4. JIm S says:

    Thank you Samantha!
    The price of honesty, he’s in it for us not for himself, we need more like Buck!

  5. Robin Clough says:

    No wonder they can’t relate to the middle class

  6. Bill says:

    So…you write a headline, then a story basically stating that the headline has no validity. Nice job.

  7. However, if the rules for reporting allow such variance, what do we actually determine about their net worth? It’s a crap shoot at best.

Leave a Comment


SCV NewsBreak
LOCAL NEWS HEADLINES
Sunday, May 5, 2024
Donohoe, Kurowski Named 2024 SCV Man, Woman of the Year
Dale Donohoe and Kim Kurowski were named the Santa Clarita Valley's top volunteers of the year at the 2024 SCV Man and Woman of the Year dinner celebration held Friday, May 3 at the Hyatt Regency Valencia. The event also honored all of the 17 men and 17 woman nominated for the award.
Friday, May 3, 2024
May 4: LACoFD Hosts Countywide Open House at All Fire Stations
Fire Service Day Open House will be held at all County of Los Angeles Fire Department fire stations on Saturday, May 4 from 10 a.m. to 5 p.m.
Friday, May 3, 2024
May 18: Support Young Creatives at NextGen MediaMakers Festival
The Santa Clarita Valley Media Collaborative invites the public as well as local creatives, media industry professionals, students, parents, teachers and others to celebrate the next generation of media makers participating in the inaugural NextGen MediaMakers Festival on Saturday, May 18 from 2-5 p.m. at the Canyon Country Community Center.
Keep Up With Our Facebook

Latest Additions to SCVNews.com
Dale Donohoe and Kim Kurowski were named the Santa Clarita Valley's top volunteers of the year at the 2024 SCV Man and Woman of the Year dinner celebration held Friday, May 3 at the Hyatt Regency Valencia. The event also honored all of the 17 men and 17 woman nominated for the award.
Donohoe, Kurowski Named 2024 SCV Man, Woman of the Year
1828 - Soledad Canyon settler John Lang born in Herkimer County, N.Y. [story]
Lang
1903 - President Teddy Roosevelt visits Gov. Henry Gage at Acton Hotel [story]
Acton Hotel
The regular meeting of the Saugus Union School District Governing Board will take place Tuesday, May 7, with closed session beginning at 5:30 p.m., followed immediately by public session at 6:30 p.m.
May 7: Regular Meeting of the Saugus School Board
The city of Santa Clarita Arts Commission is holding its regular meeting in City Hall's Council Chambers Thursday, May 9 at 6 p.m. The meeting will be held at Santa Clarita City Hall, 23920 Valencia Blvd., Valencia, CA 91355.
May 9: Arts Commission to Hear Updates on Civic Art Projects
Experience the Butterfly Encounter at Gilchrist Farm open now on weekends thorugh Sunday, June 18. Walk through a tent of beautiful flowers hosting live butterflies that fly freely throughout the tent.
Experience the Butterfly Encounter at Gilchrist Farm
The Santa Clarita Community College District Board of Trustees will hold a business meeting Wednesday, May 8, beginning at 5 p.m. The board will first meet in closed session at 4:15 p.m.
May 8: COC Board Business Meeting Considers Contracts
The Castaic Union School District Governing Board will hold its regular meeting Thursday, May 8, at 6 p.m. A closed session will be held at 5:30 p.m.
May 8: Castaic Union School Board Regular Meeting
Fire Service Day Open House will be held at all County of Los Angeles Fire Department fire stations on Saturday, May 4 from 10 a.m. to 5 p.m.
May 4: LACoFD Hosts Countywide Open House at All Fire Stations
The Santa Clarita Valley Media Collaborative invites the public as well as local creatives, media industry professionals, students, parents, teachers and others to celebrate the next generation of media makers participating in the inaugural NextGen MediaMakers Festival on Saturday, May 18 from 2-5 p.m. at the Canyon Country Community Center.
May 18: Support Young Creatives at NextGen MediaMakers Festival
Explore Vasquez Rocks during the magical twilight and early evening full moon hours. These fun, collaborative, interpretive hikes are led by trained staff and volunteers and will highlight the park's natural and human history.
Vasquez Rocks Full Moon Twilight Hikes
Astrotourism is top of mind for travelers making special trips for experiences in the sky, and with the recent “take-your-breath-away” total solar eclipse, thousands of cruisers onboard Emerald Princess and Discovery Princess off the coast of Mexico caught a glimpse of the total darkness event.
Princess Cruises Sails to Prime Viewing Spot for 2026 Total Solar Eclipse in Europe
The Santa Clarita City Council will hold a study session on Tuesday, May 7 at 5 p.m. The council will meet at City Hall, Carl Boyer Room, 23920 Valencia Blvd., First Floor, Santa Clarita, CA 91355.
May 7: City Council Conducts Budget Study Session
Garbage inspectors will soon be paying a visit to neighborshoods throughout the Santa Clarita Valley to inspect recycling bins to insure residents are following the recycling rules in the SCV.
Garbage Inspectors to Look for Improper Recycling
College of the Canyons competed at the 3C2A State Singles & Doubles Championships for a second straight year, with the doubles duo of Sydney Tamondong and Estrella Segura establishing program history by advancing to the round of 16 at the Ojai Athletic Club.
Canyons Advances to Day 3 of 3C2A State Championships
College of the Canyons men's basketball head coach Howard Fisher's Cougar Basketball Camp returns in 2024 with three sessions open to boys and girls ages 8 to 14.
Registration Open for 2024 Howard Fisher Cougar Basketball Camp
The Friends of Santa Clarita Public Library is hosting a “Spring Bag Sale” event at the Valencia, Canyon Country and Newhall branches of the Santa Clarita Public Library, during normal operating hours from Saturday, May 4 to Sunday, May 12.
May 4-12: Spring Bag Sale at Santa Clarita Public Library
A former public school teacher who launched a racist and anti-immigrant tirade against a Santa Clarita street vendor is being sued by a Latino civil rights group for civil assault and violating California civil rights laws.
MALDEF Sues Man After Rant at Fruit Vendor in SCV
The Village of Pine Mountain Club has hosted wine festivals since 2003. You can taste exciting wines from the world’s top wine-growing regions, with dozens of premier wineries to choose from on Saturday, July 6, 1-4 p.m. at Wine in the Pines.
July 6: Wine in the Pines, Pine Mountain Club
1842 - California's first mining district established in SCV; Ygnacio del Valle, chairman [story]
Ygnacio del Valle
The American Cancer Society Relay For Life of Santa Clarita Valley will be held Saturday, May 4, 9 a.m.-9 p.m. at Central Park, with the theme “May The Cure Be With You,” a Disney/Star Wars celebration.
May 4: SCV Relay for Life ‘May the Cure Be With You’
Ten risk-taking, mid-career artists were announced Thursday as the recipients of the 2024 Herb Alpert Award in the Arts (HAAIA).
CalArts Announces 2024 Herb Alpert Award Winners
CEDAR RAPIDS, Iowa -- The Master's University men's volleyball team won their opening match of the 2024 NAIA National Championship with a 3-set win over the No. 9-seed Mount Mercy (IA) Mustangs.
Mustangs Post-Season Play Continues After First Round Win
Andrew Skerratt did not anticipate graduating with an electrical engineering degree from The Master’s University.
TMU Student Set to be School’s First Electrical Engineering Graduate
SCVNews.com