Paying Their Own Way

Cal Thomas | Syndicated columnist | Friday, June 18, 2004

Paying Their Own Way

Here's a piece of news that should come as no surprise: most United States senators are wealthy. The latest financial disclosure forms disclose there's a lot of money on Capitol Hill.

Senator Edward Kennedy lists his income between $8 million and $40 million in family trusts. That's the way you get to list your income on the senate forms.

John D. Rockefeller of West Virginia reported three blind trusts exceeding $80 million.

But there are also lesser-known millionaires, like senator Richard Shelby, Alabama Republican, who is chairman of the banking committee. His assets are valued at between $5 million and $25 million. Jon Corzine, New Jersey democrat reports holdings including $25 to $50 million in stock in the Goldman Sachs group, a tax-free fund worth another $25 million to $50 million. Corzine is a former chairman of Goldman Sachs.

I have an idea. Let's save the taxpayers money and not pay these wealthy senators. They're already taking enough from us in taxes.

Let them pay their own way in Washington.

I'm Cal Thomas in Washington.