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Bryan Doyle, Phillips communications director, replied with a statement. Congressman Phillips receives no special tax benefits for this investment, which was made by financial professionals at J.P. Morgan in 2017, not at his direction. As a member of the Ethics Committee, Dean adheres to the highest ethical standards, which is why he does not accept PAC money, federal lobbyist money, or donations from other members of Congress, Doyle wrote. He has not initiated any investments directly or by proxy since becoming a member of Congress in 2019, and is in the process of placing all eligible investments into a blind trust, which is currently under review at the Ethics Committee, Doyle continued. The only aspect of his financial life that he plays an active role in is as the owner of Penny s Coffee, a local chain of coffee shops in the Twin Cities area.
Democrat Rep. Dean Phillips Invested in Cayman Islands Fund
5 Apr 2021Washington, DC
Rep. Dean Phillips (D-MN), a vulnerable frontline House Democrat, is invested in a questionable fund in the Cayman Islands, his latest personal financial disclosure forms show.
The investment, revealed on his disclosure forms with the U.S. House and first reported by Business Insider, poses potential issues for the battleground district Democrat who now represents a seat Republicans held for a decade until the 2018 midterm elections.
Phillips, one of Congress’s wealthiest members, took the seat in the 2018 midterms and held it in the 2020 elections. But Republicans consider this district, rated by the Cook Political Report’s Partisan Voting Index as a Democrat-plus-1 voter registration advantage, a true battleground and one they can flip in the upcoming 2022 midterm elections. That’s why, according to the last report from Business Insider’s Dave Levinthal, this Cayman Islands investment i
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Republican lawmakers in both the Senate and House made a lot of hires to their offices.
A former top Trump White House staffer lands a job on a Fox daytime program.
Advocacy groups and lobbying firms are also hiring former congressional staffers.
It s Washington, so of course, people are always moving around for new gigs. This week, Fox News landed a high-level alumni of the Trump White House briefing room. Over on Capitol Hill, Republican lawmakers added new people to their teams, including one former Trump staffer who worked in the Department of Labor returning to the House side.