Paul Ryan And Top Republican Lawmakers Could Reap Personal Windfall From New Real Estate Tax Breaks
Rep. Tom Reed (R-NY) — who sits on the House Ways and Means Committee that wrote the lower chamber’s version of the tax bill — is married to a partner at a real estate LLC, R&R Properties, LLC, from which he and his wife receive income of between $15,000 and $50,000 per year. Reed’s wife is also a partner at R&R Resource Recovery, LLC, the Reeds’ debt collection family business, which specializes in recovering medical debt. The business provides the Reeds with between $15,000 and $50,000 a year in income.–International Business Times
Tom Reed isn’t the only member of Congress with a conflict of interest–the IBT article has a list. There is nothing new in the IBT article about Tom Reed–people of NY-23 must be quite familiar by now with Reed’s conflicts of interest. Surprisingly, as of yet it hasn’t prevented Tom Reed from winning reelection.