Wednesday, December 13, 2017
Politics

Sen. Marco Rubio's latest financial disclosures show added wealth from book royalties

WASHINGTON — U.S. Sen. Marco Rubio earned more than $30,000 in additional book royalties in 2014, according to his latest financial disclosure and pulled in considerably more this year as he emerged as a presidential contender.

The Florida Republican had to file a disclosure with the Senate, which shows the $30,000 for 2014.

But as a presidential candidate he also had to file a disclosure with the Federal Election Commission. On that form he listed book royalties between $100,001 to $1 million for 2015. It was said by some to be near the middle of that range.

The new income adds to the more than $1 million he had already earned from two books, chiefly the 2012 memoir An American Son. (Hillary Clinton reported Friday earning $5 million from her latest book, Hard Choices.)

Rubio's second book, American Dreams, was published by Penguin Group in January and is a collection of policy proposals.

That book deal provides him 12.5 percent to 15 percent of profits on hardcover editions, 7.5 percent to 10 percent of paperback editions and 10 percent to 25 percent for audio editions and downloadable audio versions.

Rubio, who gets the standard $174,000 salary as a senator, also reported $22,114 salary for part-time teaching at Florida International University.

He listed on his Senate disclosure $68,000 in income from liquidating an ABA Retirement Funds account. It was unclear Friday why Rubio cashed in on Sept. 1, 2014, and his team did not comment.

He reported between $15,001 and $50,000 partnership distribution income from his wife's event planning services business. (In 2013, she earned at least $54,000 working part time for the charity financed by Miami billionaire Norman Braman, records show.)

Rubio's assets include an employee savings plan at FIU, and he noted that he will get approximately $1,000 a month, starting at age 62, in state pension payments for his time in the Florida Legislature. He has Florida Prepaid College Plans for his four children.

He holds stock in Coca-Cola worth up to $15,000, has a TD Ameritrade savings account worth up to the same amount and has two joint Citibank accounts with his wife, one worth between $100,001 and $250,000, and the other between $50,001 and $100,000. (The disclosure allows candidates to report a range, making it hard to pinpoint actual wealth.)

Liabilities include a Chase mortgage between $250,001 and $500,000 for his home in West Miami; a GMAC mortgage at $100,001 to $250,000 for a rental home in Tallahassee; and a U.S. Century Bank home equity loan at $100,001 to $250,000.

Comments
Tax package would lower top tax rate for wealthy Americans

Tax package would lower top tax rate for wealthy Americans

WASHINGTON ó Congressional Republicans on Tuesday rushed toward a deal on a massive tax package that would reduce the top tax rate for wealthy Americans to 37 percent and slash the corporate rate to a level slightly higher than what businesses and co...
Updated: 5 hours ago
Trump signs $700 billion military budget into law

Trump signs $700 billion military budget into law

WASHINGTON ó President Donald Trump on Tuesday signed into law a sweeping defense policy bill that authorizes a $700 billion budget for the military, including additional spending on missile defense programs to counter North Koreaís growing nuclear w...
Updated: 6 hours ago
Donald Trump Jr. demands inquiry of House Intelligence Committee leak

Donald Trump Jr. demands inquiry of House Intelligence Committee leak

WASHINGTON ó Donald Trump Jr., the presidentís eldest son, has asked the House Intelligence Committee to open an investigation into leaked information related to his closed interview with the committee last week."To maintain the credibility of the in...
Updated: 6 hours ago
Original Watergate lock that burglars picked open is going to auction

Original Watergate lock that burglars picked open is going to auction

WASHINGTON -ó Itís the lock that launched a two-year investigation and took down a president. And now more than four decades later ó and for a starting bid of $50,000 ó it can be a really wonky conversation piece.Nate D. Sanders Auctions will auction...
Published: 12/12/17
Democrats say Trumpís tweets about Gillibrand sexist, unsavory

Democrats say Trumpís tweets about Gillibrand sexist, unsavory

WASHINGTON ó Plowing into the sexual harassment debate in a big way, President Donald Trump laced into Sen. Kirsten Gillibrand on Tuesday, tweeting that the New York Democrat would come to his office "begging" for campaign contributions and "do anyth...
Published: 12/12/17
Obama, Biden and Trump make late pushes in Alabama Senate race

Obama, Biden and Trump make late pushes in Alabama Senate race

BIRMINGHAM, Ala. ó National political leaders, a Hollywood actress and a retired basketball star made last-ditch efforts to woo voters in the Alabama Senate race Monday, as the candidates gave their final arguments in a pivotal special election that ...
Published: 12/12/17
PolitiFact: Looking back at the Trump teamís falsehoods of 2017

PolitiFact: Looking back at the Trump teamís falsehoods of 2017

President Donald Trump made many inaccurate statements in 2017. His White House team seems to be following in his footsteps when defending him. Some of Trumpís staffers have made the argument that it is valid to use inaccurate facts to bolster larger...
Published: 12/11/17
Updated: 12/12/17
PolitiFact: Notable misstatements about Donald Trump from 2017

PolitiFact: Notable misstatements about Donald Trump from 2017

President Donald Trump’s words can be at odds with reality, a fact we’ve documented again and again during his first year in office. His claim that the Trump-Russia investigation is a "made-up story" earned Trump our 2017 Lie of the Year....
Published: 12/11/17
Updated: 12/12/17
Tampa Hillsborough Expressway Authority plays beat the clock on GOP tax bill

Tampa Hillsborough Expressway Authority plays beat the clock on GOP tax bill

TAMPA ó With the Republican tax bill poised to eliminate the opportunity, the Tampa Hillsborough Expressway Authority on Monday said it had refinanced a big chunk of its debt to save money in the future.The authority borrowed $152 million from the bo...
Published: 12/11/17
Alabama Senate race, unlikely nail biter, races to finish line

Alabama Senate race, unlikely nail biter, races to finish line

BIRMINGHAM, Ala. ó In a blur of television ads, conflicting polls and presidential tweets, Doug Jones and Roy Moore raced Monday to make their final pleas in Alabamaís special election for the Senate, with both candidates focused on turning out their...
Published: 12/11/17