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Speaker Mike Johnson has never listed a bank account on his financial disclosure. In fact, on his newest disclosure he doesn’t list a single asset at all.
Over the course of seven years, Johnson has never reported a checking or savings account in his name, nor in the name of his wife or any of his children, disclosures show. In fact, he doesn’t appear to have money stashed in any investments, with his latest filing —covering 2022—showing no assets whatsoever.
Of course, it’s unlikely Johnson doesn’t actually have a bank account. What’s more likely is Johnson lives paycheck to paycheck—so much so that he doesn’t have enough money in his bank account to trigger the checking account disclosure rules for members of Congress.
House Ethics Committee filing guidelines state that members must disclose bank accounts they have at every financial institution, as long as the account holds at least $1,000 and the combined value of all accounts—including those belonging to their spouse and dependent children—exceeds $5,000.
So he isn’t the average Congressman and that raises questions?
He doesn’t play the stock market, he doesn’t have millions stashed away from lobbyist.
So he is basically frugal w/ his money and they can’t understand why someone would do that.
The average American does this but they are so far removed from how the average American lives, this is a red flag for them.
“One of the reasons we have these financial disclosures is to know whether politicians are having financial difficulties—which could make them ripe for influence buying,” Libowitz said.
Isn’t it amazing that if you know someones home address you can type it into Zillow and find out an estimate of it’s worth?