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Financial disclosure forms released for Sens. Bill Nelson and Marco Rubio

WASHINGTON — The U.S. Senate made public Wednesday financial disclosures for 2010, including for Florida Sens. Bill Nelson and Marco Rubio.

Democrat Nelson shows $42,454 in retirement income from his years in state government and an array of money market accounts, IRA and profit-sharing plans.

Nelson's largest asset is a SunTrust money market account with a value of $250,001 to $500,000 (the Senate only requires broad reporting ranges). Two other SunTrust accounts are worth between $50,001 and $100,000.

Nelson owns two plots of undeveloped land in Brevard County, one worth at least $1 million and the other at least $100,001. He reported no liabilities.

Republican Rubio reported a $220,000 salary from Marco Rubio P.A., and $13,521 from his part-time teaching position at Florida International University.

Rubio listed stock in Terremark Worldwide, a technology company, worth $1,001 to $15,000, as well as Citibank checking and savings accounts and prepaid college plans for his children. He has a 401(k) with ABA Retirement Funds valued at $50,001 to $100,000.

He also lists a rental home in Tallahassee, valued at between $100,001 and $250,000, which brought in at least $1,001 in income in 2010.

Rubio has student loan debt held by Sallie Mae of at least $100,001, and a GMAC mortgage on rental property listed at between $100,001 and $250,000.

Nelson and Rubio earn $174,000 as senators, which is not listed on the reports. Their personal residences are also not listed, nor are mortgages on those homes or vehicles.

Because of the reporting gaps and broad ranges, determining a net worth is difficult. Some watchdog groups use formulas to estimate how much a lawmaker is worth. OpenSecrets.org is one authority but will take weeks crunching data.

Republican U.S. Senate candidates Adam Hasner, Mike Haridopolos and George LeMieux all asked for — and were granted — filing extensions.

Rubio blasted for E-Verify bill

According to his website, Sen. Marco Rubio has signed on as a co-sponsor to a bill that would reauthorize the E-Verify employment check system and make it mandatory for all employers. His sponsorship will please many Republicans and tea party activists. But one group that wants "common sense" immigration reform blasted the Miami Republican. "By championing mandatory E-Verify, the big government program with a 50% fail rate, Rubio has thrown Hispanics under the bus in order to cozy up to anti-immigrant 'leaders' in Congress like Sen. Grassley and Rep. Lamar Smith," said a statement by America's Voice.

Financial disclosure forms released for Sens. Bill Nelson and Marco Rubio 06/15/11 [Last modified: Wednesday, June 15, 2011 11:13pm]
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