Tom Reed 2016 Financial Disclosures

Tom ReedReports are due May 15 of the following year. The House has 30 days more to post them. It isn’t clear why they wait till the last minute. This year, it was posted on June 14th.

Assets:

2015 2016
Corning Inc. IRA <$15,000 <$15,000
Level 3 Communications IRA <$15,000 <$15,000
M&T Bank accounts <$100,000 <$100,000
Mineral Rights None None
R&R Properties <$250,000 <$250,000
R&R Resource Recovery  <$250,000 <$250,000

Notes:

  1. Tom identifies Mrs. Reed’s salary as income, but gives no amount.
  2. Tom’s government salary isn’t listed.
  3. Mineral rights are said to have no value until developed.
  4. In 2015, Tom no longer listed a student loan.
  5. Tom and family visited the Czech Republic in August 2015 at the expense of the Ripon Society and Franklin Center.
  6. Tom and family visited London, England in November 2016 at the expense of the Ripon Society and Franklin Center.
  7. Level 3 Communications is an internet service provider.
  8. According to Open Secrets, Tom’s estimated wealth has declined possibly showing the effect of ACA on RR Resource Recovery. Open Secrets defines estimated wealth as the average of the maximum debt figure subtracted from the minimum asset figure and the minimum debt figure subtracted from the maximum asset figure. This is a very rough estimate.

https://www.opensecrets.org/pfds/summary.php?cid=N00030949&year=2014

http://clerk.house.gov/public_disc/financial-pdfs/2015/10011507.pdf

http://clerk.house.gov/public_disc/financial-pdfs/2016/10016804.pdf

http://www.level3.com/en/

http://franklincenter.us/wp-content/uploads/2016/07/Franklin-Center-Ripon-Society-News-2015-TransAtlantic-Capital-to-Capital-Exchange.pdf

http://franklincenter.us/wp-content/uploads/2016/11/Franklin-Center-Ripon-Society-News-2016-TransAtlantic-Capital-to-Capital-Exchange.pdf

 

 

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About whungerford

* Contributor at NewNY23rd.com where we discuss the politics, economics, and events of the New New York 23rd Congressional District (Allegany, Cattaraugus, Chautauqua, Chemung, (Eastern) Ontario, Schuyler, Seneca, Steuben,Tioga, Tompkins, and Yates Counties) Please visit and comment on whatever strikes your fancy.
This entry was posted in 2014, 2016, Congress and tagged , . Bookmark the permalink.

2 Responses to Tom Reed 2016 Financial Disclosures

  1. Rynstone says:

    You should be promoting everyone purchase, read and share widely the book “Extortion” by author Peter Schweizer. The author goes after Congressional members regardless of their Party.
    http://conginst.org/2014/04/04/book-review-extortion-by-peter-schweizer/

    The only way to stop this is with term limits and Congress will never vote to implement term limits. 2/3rds of the individual states would have to pursue an Amendment to the US Constitution. to impose term limits.

    Comedian (and US Senator) Al Frankin has recently said he believe that term limits for the US Senate should be 6 terms (36 years) !?!?!?!?!/

  2. whungerford says:

    In my opinion, term limits only exacerbate the problem–they ensure members of Congress are relatively inexperienced, have no loyalty to the electorate, and have only short term goals. If we have a representative who is irresponsible, the answer is to vote him or her out.

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