‘O’Rourke ascended the stage with his daughter, Molly, riding piggyback. O’Rourke rails against ‘unprecedented concentration of wealth and power’ at kickoff rally. 340 ROCK HILL, S.C. ― Democratic presidential hopeful and former Congressman Beto O’Rourke said he would support taxing the wealth of the country’s super-rich following a campaign stop in South Carolina on Friday, embracing a proposal first unveiled by fellow presidential candidate Sen. … Billionaire and former Starbucks CEO Howard Schultz, who is exploring a campaign for president as an independent, blasted the idea as “ridiculous.”. Sign up for membership to become a founding member and help shape HuffPost's next chapter, Register to vote and apply for an absentee ballot today. ©2020 Verizon Media. Do you have information you want to share with HuffPost? He sold the complex to longtime family friend and campaign donor Patricia Rogers, public records show. Beto O'Rourke. Share. While he entered the race later than other candidates, he’s quickly endorsed some of their signature issues like the wealth tax, reforms to the structure of the Supreme Court and a proposal to give infants so-called baby bonds to address systemic inequalities. O’Rourke and his mother became co-owners of the building following the death of his father, former El Paso County Judge Pat O’Rourke, in 2001. Part of HuffPost Politics. "Some part of that wealth that has been built up and continues to be built up and receives favorable preferential treatment in the tax code must be taxed for our common benefit," the presidential candidate said in South Carolina. Beto valued the property between one and five million dollars in his congressional financial disclosures. O’Rourke family friends “said it was a simple matter of wealthy Mexican customers paying in cash,” according to Vanity Fair. Beto and his wife, Amy Sanders O’Rourke, together own assets worth between $2.4 million and $11.3 million, according to an analysis of O’Rourke’s most recent congressional financial disclosure by The Daily Caller New Foundation. Tap here to turn on desktop notifications to get the news sent straight to you. Texas law doesn’t require public disclosure of sale prices on commercial real estate. He also has other businesses that add to his total income. Democratic presidential candidate former Rep. Beto O’Rourke speaks during the “We the People” summit featuring 2020 presidential candidates, at the Warner Theatre on April 1, 2019 in Washington, DC. A report from the Washington Times indicates that O'Rourke in 2015 was the 51st-richest U.S. Representative — out of 435 members — with $9 million in wealth. Democratic presidential candidate Beto O’Rourke is a wealthy man, and he has his family to thank for that. Beto’s presidential campaign, his first campaign since Amy O’Rourke sold the company, is not using Stanton Street, according to Wancho. ASSOCIATED PRESS Democratic presidential candidate Beto O'Rourke said he would support a wealth tax. We could go on. Even the paper who broke the scoop couldn’t be bothered to do any digging when they went on the trail with Beto in February. His wife is not only the daughter of William D. Sanders, aka the Warren Buffet of real estate, Cockburn can reveal she is the only daughter. “We each had to find a price that would work for us, and it had to be something where we were going to make money and where she felt like she would be able to make money operating it,” O’Rourke said at the time. Nothing wrong with that, of course, but something is amiss when an endless stream of laudatory profiles fails to mention it.

Sanders’s portfolio is valued at about $20 billion. O'Rourke is most notable for his 2018 campaign for United States Senate, in which he narrowly lost to Republican incumbent Ted Cruz.He sought the 2020 Democratic … Beto O’Rourke Net Worth The former representative has accumulated wealth valued at $10 million as of September 2020, part of which has come from his political career. Twitter; Facebook; LinkedIn; Email; Whatsapp; Young Beto O’Rourke casts himself as the ‘anti-Trump’. ⚪ The 50 percent top rate in effect after …

The commercial property, an El Paso strip mall called PepperTree Square, is home to two restaurants, a tennis shop and a hair salon, among other tenants. Warren’s proposal would levy a 2 percent tax on assets over $50 million and a 3 percent tax on assets over $1 billion, part of an ambitious slate of policy ideas she has proposed to curb economic inequality.

A Yahoo profile of O’Rourke described how he ‘married Amy Sanders, a charter school administrator,’ and served on the City Council ‘championing downtown redevelopment.’ But the reporter didn’t bother to look into who Sanders’s father was. 5:05 PM. “I think fundamental to this experiment of America and democracy is ensuring we don’t have princes and princesses, kings and queens, a concentration of wealth and power and privilege, and that’s exactly what we have in this country right now,” O’Rourke told HuffPost when asked whether he would support a wealth tax. And GQ were content to focus on other members of his family. TheDCNF’s reporter spent two nights at one of the complex’s 18 units, rented through Airbnb. ⚪ The 91 percent top rate in effect during the Eisenhower years of the 1950s.

A New York Times reporter watched O’Rourke speak to a crowd in El Paso. Beto O’Rourke calls for health care for all, wealth equality in SF stop Melia Russell April 28, 2019 Updated: April 28, 2019 9:10 p.m. Facebook Twitter Email LinkedIn Reddit Pinterest Most Democrats support rolling back all or a portion of President Donald Trump’s tax cuts, but there is less agreement within the party about the notion of a direct tax on the super-rich. ⚪ The 70 percent top rate in effect most of the years from the mid-1960s through 1980. The former U.S. Senate candidate from Texas has been barnstorming the country at a breakneck pace, with an official campaign kickoff scheduled in El Paso, Texas, at the end of the month. The complex needed interior work and lacked security features, such as the several cameras that now encircle the building, the building’s current property manager told TheDCNF. Beto’s more the proto-Jared Kushner. O’Rourke reported between $100,001 and $1 million in capital gains (profits) from the February 2017 sale in his congressional financial disclosures. Either O’Rourke or his wife owned Stanton Street, a small web development firm that Beto O’Rourke founded in 1998, during the vast majority of those payments. Today is National Voter Registration Day! The majority of Beto’s wealth came through his parents and wife, public records show. October 29, 2018. Beto’s most valuable personal asset, independent of his wife’s wealth, is a commercial property also valued between $1 million and $5 million, according to his most recent financial disclosure. ‘Stop the Press Before It Profiles Beto O’Rourke Again,’ came the muffled cry of Politico’s Jack Shafer a couple of weeks ago, from beneath a deluge of glowing cuttings about the Texas congressman. “What Amy and I took from that, it was maybe in the tens of thousands of dollars,” he told the AP. At other times, he would abstain. Stanton Street declined to make Wancho available for an interview, but Wancho agreed to answer questions via email. Such payments are legal so long as the campaign is charged for the actual cost of the services, but ethics watchdogs have criticized the practice as a form of self-dealing. In 2010, Charlotte’s was fined $250,000 for evading IRS rules on reporting large cash payments. Beto O'Rourke Says He Supports A Wealth Tax. He ‘appealed to their anger at Washington.

“So both for reasons of generating the revenue that we need and reasons to achieve the political democracy by having an economic democracy, some part of that wealth that has been built up and continues to be built up and receives favorable preferential treatment in the tax code must be taxed for our common benefit,” he added. “I expect the combination of campaign expenditure reporting and investigative journalism to work together to root out the situations where the candidate is abusing the system.”. But obviously that’s not worth mentioning when you profile him. He declined to make Rogers available for an interview. She and her mom, Amy, also dressed in a Diablito uniform, stood by O’Rourke as he presented Daniel with a cake and led a chorus of “Happy Birthday.”’ Cute stuff — but we’d rather hear about their property magnate grandfather if it’s all the same. The “system is rigged,” he said, adding, “I can tell you that access is purchased, that votes are bought and paid for, that outcomes are determined before you have a chance to call your member of Congress or senator.”’, Per today’s Times, ‘Over the next two years, Mr. O’Rourke would defend the plan before angry barrio residents and vote to advance it. In February 2017, a month before launching his Senate campaign, O’Rourke offloaded an apartment complex that he co-owned with his mother. Having a profile of the boyishly handsome skateboarder standing against Sen. Ted Cruz is as key an ingredient to a left-leaning media site as an Instagram page or a round of cuts when your staff try to unionise. Beto O’Rourke Is The Most Transparent Candidate Of 2020, And The Most Opaque, Beto O'Rourke Recognizes He's Enjoyed 'Privileges' As 'A White Man', The Curious Link Between Bernie Sanders And Beto O’Rourke.

Amy has a trust fund worth between $1 million and $5 million, Beto’s financial disclosures show. Robert Francis "Beto" O'Rourke (/ ˈ b ɛ t oʊ oʊ ˈ r ɔːr k /; born September 26, 1972) is an American politician who represented Texas's 16th congressional district in the United States House of Representatives from 2013 to 2019. When first asked about the deal by the Free Beacon in April 2017, O’Rourke acknowledged that he had known Rogers “since we were kids,” but said their relationship had no bearing on the deal, which he described as mutually profitable. O’Rourke took out a $1.2 million mortgage on the apartment complex in 2012, which he paid off in full by March 2017, public records show. O’Rourke turned his political campaigns into another family revenue stream. Business owners who opposed the plan accused Mr O’Rourke of a conflict, citing the involvement of his father-in-law, the billionaire developer William D. Sanders.’. Here’s how. He paid roughly $110,000 in campaign funds to a web development company while either he or his wife owned it, public records show. O’Rourke announced his campaign for president earlier this month in a video to supporters. The El Paso county tax assessor valued the property a little below $1.1 million in 2018, county records show. Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. O’Rourke later downplayed the sale’s profits, telling the Associated Press in October 2018 that most of the money went towards renovation and paying off the mortgage. “It was not influenced by the campaign and it was not influenced by our relationship.”. It remains unclear exactly how much Beto received for the apartment complex. Despite being a Democratic and positioning himself as an everyday man of the people, Beto O’Rourke has a net worth of between $10 million and $15 million as of 2020. Why is the media downplaying the Hunter Biden story? Rogers also donated $2,000 to Pat O’Rourke’s 1992 campaign for Congress. O’Rourke’s most recent financial disclosure, filed in February, reported between $100,001 and $1 million in income from PepperTree rent in 2018. For licensing opportunities of our original content, please contact licensing@dailycallernewsfoundation.org.