Bachmann Reports Income From Family Farm That Received U.S. Aid

Tuesday, 16 Aug 2011 02:31 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

Representative Michele Bachmann of Minnesota, a critic of federal spending, received between $5,000 and $15,000 in income last year from a family farm that has received more than $250,000 in federal subsidies.

Bachmann, winner of the Aug. 13 Iowa Straw Poll for Republican presidential contenders, reported in her House financial-disclosure form that her interest in the farm was valued at between $500,000 and $1 million in 2010; a year earlier, she assigned the value of Bachmann Farm Family LP at between $100,000 and $250,000. Lawmakers can list income and assets in broad ranges.

The farm in Independence, Wisconsin, received $259,332 in federal subsidies from 1995 to 2008, according to U.S. government data compiled by the Environmental Working Group, a Washington-based research and advocacy organization focusing on public health and environmental issues. The farm received no federal subsidies in 2009 or 2010, said Sara Sciammacco, a spokeswoman for the organization.

Bachmann said in an April interview that the farm belongs to her in-laws and that her husband administers it for his mother and brothers. She also said the farm is rented out.

“My husband and I have never received a dime from the farm,” she said. “We list it because he’s a trustee, but we don’t receive any income at all from the farm because he is the trustee and it’s in what’s called a family limited partnership.”

Bachmann voted against raising the U.S. debt ceiling and called for deep cuts in federal spending, including supporting the House Republican plan to end traditional Medicare.

‘Shut Down’ Spending

“What we do need to do is dramatically shut down the level of spending,” she said on Aug. 12 on Bloomberg Television’s “Political Capital with Al Hunt.” “We can’t accept the new normal in spending.”

Bachmann, 55, received an extension from the May 15 deadline for submitting the annual disclosure forms. She reported that her husband’s psychotherapy practice and clinic was valued at $600,000 to $1.25 million.

The clinic received $30,000 in government money, which Bachmann said on “Fox News Sunday” in June went to train employees.

“The clinic did not get the money,” she said. “And my husband and I did not get the money either.”

She reported taking three trips with expenses paid by organizations, including one to the anti-tax Club for Growth’s economic conference in Palm Beach, Florida, in November.

--Editors: Bob Drummond, Mark McQuillan.

To contact the reporters on this story: Jonathan D. Salant in Washington at jsalant@bloomberg.net; Lisa Lerer in Washington at llerer@bloomberg.net.

To contact the editor responsible for this story: Mark Silva at msilva34@bloomberg.net.

© Copyright 2014 Bloomberg News. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Doubling-Down on 'War on Women' Strategy May Bust Democrats

Friday, 24 Oct 2014 13:50 PM

Democrats relied on their advantage among women to re-elect President Barack Obama, but in several key Senate races it i . . .

DHS Chief Johnson Asks Workers: 'How Is Your Morale?'

Friday, 24 Oct 2014 12:31 PM

Homeland Security Secretary Jeh Johnson has questioned, clearly, a recent survey showing that morale in his department h . . .

Scott Brown, Jeanne Shaheen Locked in NH Senate Duel

Friday, 24 Oct 2014 10:53 AM

The fiery, often bitter New Hampshire race for the Senate between incumbent Democrat Jeanne Shaheen and Republican Scott . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved