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Cohen’s disclosure report shows assets of $5.08M

Cohen’s disclosure report shows assets of $5.08M

Posted: Wednesday, June 27, 2012 8:00 pm

AP Washington
WASHINGTON — U.S. Rep. Steve Cohen could have as much as $5.08 million in assets, drew a state pension of $23,128, and traveled to Rwanda, Germany, Israel and Spain at someone else’s expense last year, according to a disclosure report released recently by the House Clerk’s office.
All members of Congress are required to file an annual description of their assets, liabilities, outside positions on boards, compensated travel and other financial information each May 15. The reports do not include their annual $174,000 salaries as members.
Among Mid-South members, U.S. Rep. Stephen Fincher, R-Tenn., whose district will include even more of Shelby County next year, reported $33,943 in income from row crop farming and paid-for trips to Israel and Los Angeles. In addition, he and his wife, Lynn, own farm land worth between $500,000 and $1 million but have outstanding debts from the purchase of equipment of between $795,000 and $1.7 million.
Members are only required to provide values in vague ranges for their assets and liabilities, which explains the inexact figures. For the value of stocks or bonds earning investment income from dividends, for example, the ranges are $15,000 to $50,000 or $50,001 to $100,000.
U.S. Rep. Alan Nunnelee, R-Miss., could have as much as $875,000 in assets, has four mortgages on properties in Clinton, Miss., and Tupelo, Miss., and has pension annuity agreement with the state of Mississippi, where he served as a state senator. He also received a $26,000 consulting fee from Allied Funeral Associates.
U.S. Rep. Marsha Blackburn, R-Tenn., whose district will no longer encompass parts of Greater Memphis next year because of redistricting, received a $4,202 state pension for service in the legislature and reported she could have as much as $660,000 in assets.
She has mortgages on property in Brentwood. Blackburn’s travel paid for by others included trips to Vienna, Austria; Palm Beach; Las Vegas; Dallas; and Hilton Head, S.C.

Published in The Messenger 6.27.12

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