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Wasserman Schultz’s Luxury Cars and Growing Net Worth Raise Questions

by Javier Manjarres

Congresswoman Debbie Wasserman Schultz has famously stated that she is a “middle class American,” and it was this very claim that prompted many of her critics to openly question whether or not it was a realistic assessment of her personal income and assets.  Wasserman Schultz’ Republican congressional opponent Karen Harrington has called on her to release her personal tax income tax returns in response to her repeated calls for Republican Presidential candidate Mitt Romney to do the same.

Subsequent reviews of Wasserman Schultz’ congressional financial disclosures revealed a not widely known fact that she owns a second home in New Hampshire and is also not required to disclose her husband’s salary, which could very easily put her family among the top 1% of income earners in the country.  In addition, the Shark Tank recently reported that the Congresswoman splurged on a one-week luxury cruise ship vacation that cost tens of thousands of dollars- hardly an expenditure that ‘middle-class’ Americans can avail themselves of.  (Source -N.H Home/Cruise Ship)

According to those financial disclosure forms, Mr. and Mrs. Schultz of Weston, Florida have seen their assets almost  double since she was elected to the U.S. Congress in 2005.  When comparing Congresswoman Wasserman Schultz’s 2005 disclosure form with her 2011 form, the only other salary she drew besides her congressional salary was $26,320 she received from the Democrat National Committee (see images below).



2011 Financial Disclosure (Salary)

 2005 Financial Disclosure (Salary)

The forms also state that Mr. Schultz’s salary is “$1,000 or more,” or “N/A” but don’t disclose his salary at Community Bank of Broward, where he is a bank vice president.

Again, Congresswoman Wasserman Schultz is not obligated to disclose her husband’s salary, but it is curious that the amount of Community Bank of Broward stock the Schultz’s had first acquired in 2005 does appear to have doubled according to her 2011 financial disclosures. 

 Is Mr. Schultz being compensated with company stock instead of a salary, or both?

2011 Financial Disclosure (Assets) -2005 Financial Disclosure (Assets)(Bottom)

 

So when you get down to it,  Wasserman Schultz’s claim that “I am a middle class’ American” argument really has no credibility, especially now that it’s been discovered that the Schultz’s own or lease $100K in automobiles in addition to their two homes whose estimated value is about $1 million.

Here is a picture of the Schultz family’s  ‘luxury’ vehicles parked in their driveway, partisan bumper stickers and all. Note that both of the  ‘vanity’ license plates are “Member of Congress” plates, the late model Corvette having a glaring ‘DWS’ on it. The white Infinity SUV sports a “Pink Slip Rick’ Scott bumper sticker, as well as two Obama for President ’2012′ bumper stickers

 



About author

Javier Manjarres

As the managing editor of The Shark Tank, Javier was awarded the 2011 CPAC Blogger of the Year. Countless videos and articles from the Shark Tank have been featured on Fox News, The Hill, Wall Street Journal, and other national news publications. Javier has also appeared on Univision’s “Al Punto” and numerous radio shows, including being the weekly 92.5 Fox News' DayBreak with Drew Steele political contributor

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  • Randy

    Yep, she’s just a “middle class” gal…NOT! She’s a hateful shrew who will do anything to feather HER nest. This is yet ANOTHER example of how she’s only telling a LIE when her lips are moving…

  • TCP

    How is she taking distributions from a 401K?…she’s only 45/6 years old.

  • anne

    just your typical double income family! no wonder medusa could afford the “fab redo” seen at the convention on tv while the rest of us middle classers are left scambling for specials and coupons (after we pay our medical insurance premiums). not to mention the fam NH place, the fab cruises. how’d you like her as a mother in law?

  • Rose Marie Starce

    I’ve said before watching Obama makes me sick to my stomach, well DWS makes me come very close to vomiting. I have never seen anyone, except Obama have the ability to look the camera straight in the eye without blinking and tell a lie. Not just once, but over and over. She wouldn’t know truth if it jumped up and bit her. How can anyone respect her. How can Democrats not be ashamed of the person Nancy Pelosi groomed for the position she holds. This in itself tell you a great deal about the democratic party and their values.

    • emeraldeyes

      Care to share what she has lied about, Rose Marie? With reliable sources, please!

  • Steven

    Just another elected officious ass that ends up a multi multi millionaire after being in Congress- oh waht a surprise – NOT!!

  • Independent Voter..

    Middle Class – My Ass!

  • Dan Collins

    Driving While Stupid?

  • http://att Mark Seid

    Has there been any congress person in history who did not leave Congress considerably much wealthier then when they arrived. The best health plan, life long pension after just one term and the ability to raise their own salaries. With advance notice of stock market ups and downs, they lead the best o lives. Working just a few weeks a year they continually raise money for campaigns which if they withdraw from a race allow them to keep unspent money. Professional congress people like Wassermaen are political whores in the very worst sense of the word.

  • bob

    Looks like a Post Office Picture. This pathological liar and sociopathic nutjob has no soul. Look at those cold empty crazy eyes.

  • Andy Perch

    @TCP you can rollover funds, borrow against, or even withdraw early. These are all considered “distributions” by the custodial institution.

    • Tax Returns

      Yes, but Taxable.. Penalties…. we really need to see her tax returns

  • Pingback: AllPatriotsMedia » The Quick Six – Tuesday, September 11th 2012

  • Craig in Florida

    Okay, now I’ve seen just how “low can you go”… Shoddy research to begin with…own–or lease, there’s a big difference in terms of assets. How many thousands of people own an Infinity SUV, or a late model Chevy Corvette? And there’s nothing excessive in their Weston housing… but again, Valued at $1 million is one thing, but net equity determines worth. Karen Harrington really has to either be fiscally inept, or have some really dumb researchers. Furthermore, we’re talking REPRESENTATIVE disclosure vs. Presidential Candidate disclosure. The comparison is obtuse–both in degree and validity. (Did they also forget to adequately count the sheer number of homes, boats, and offshore assent accounts. My money is on Mitt…hands down. Karen, you’ve got egg on your face and a serious case of “West Syndrome”…not to be confused with Mad Cow disease! Shame! Shame! I can sure see you’re out to SOLVE problems, right? Again, I’m increasingly embarrassed to still be a moderate, registered Republican.

    • http://www.shark-tank.net Jason

      However you or anyone else defines who is “middle class” in the United States, Craig- and there’s no one universally accepted standard for doing so- the fact remains that DWS and her family are in the top 1% of income earners, which makes her case for being “middle class” alot more of a stretch than accurate, no? Nitpick all you want, but you are clearly missing the glaring point being made here.

    • Lgbpop

      I would like to know what that legislative pension from the State of Maryland is all about. Is DWS another congresscritter who votes in both states, as the Democrat congressional candidate who just dropped out for double-voting? Inquiring minds want to know. This woman’s history is as murky as Great Leader’s.

  • WH

    “How many thousands of people own an Infinity SUV, or a late model Chevy Corvette?”

    How many of those people attempt to convince you that they’re not well off…while at the same time saying that others need to pay more?

    How long has it been since America had a politician of truly modest means?

    They all seem to somehow grow very rich while serving us, the people. Most people who make their own fortunes spend all of their free time doing so…yet politicians seem to have unlimited time to make fabulous increases to their net worth and serve the people at the same time.

    Odd, that.

  • ConstitutionLover

    Not to be catty, but it appears she has had a little extra funds for some nose and chin work as well when I compare the photo you have posted to one that is more recent http://californiaexaminer.net/wp-content/uploads/2011/04/Debbie_Wasserman_Schultz_DNC_Chair_2011.jpg

  • Mark Solomon

    Whilst I agree that DWS is a repugnant individual, I do take exception with this particular attack against her. It seems to me to be a regurgiation of typical Democrat class warfare. I do not care what type of automobile DWS drives. In fact, more power to her. I hope to one day have the money to purchase a Corvette type car. And she took a cruise – sounds like fun. As long as she didn’t steal from the public treasury to pay for it – more power to her.
    Instead of promoting class warfare, please focus on the real reasons that she needs to be removed from office.

    • Willowspring

      This is not necessarily class warfare,Mark. This is just an observation concerning her “claim” to be middle class when she obviously is NOT. When a person’s income can double just in the time they are in Congress, do you not think there is a connection? Many or most of those in Congress have become millionaires while in office. That is not what the Founders had in mind. They were not supposed to be career politicians and it is not supposed to offer opportunities to make nearly untold wealth when they are public servants tasked with protecting the treasury (the taxpayers money). Their pensions, the SAME as their salary when they were in office, healthcare, and other perks have mushroomed over the years so that it is an unnaturally lucrative position to “serve” our country even if it is only ONE TERM. That comparison is legitimate in my mind. If she had not claimed to be “middle class.,” it probably would not have come up.

    • Notobamamama

      She does “steal” from the public treasury ever time she signs on to a bill that redistributes earners income to others without actually asking the earners their opinion. They all forget how to represent. I would be interested to know if the bank her husband works for got bailouts from us. I would also wonder how much her family profited from bundling loans to give to people that truly couldn’t afford to pay them back. Her constant denigrating of the other side is explained now as its her own guilty conscience trying to find a way to blame others while continuing to feed at the taxpayer trough. And I agree with every complaint about her appearance. She always look like her hair is wet or flat. An ugly soul cannot grow anything but uglier.

  • ron mitchell

    When are the rank and file democrats going to wake and realize the type of people they have running their party?

  • nopc

    Not sure it matters what she drives…how much money she has in the bank.
    The 1 percent 99 percent crap was created to propel class warfare. She lies like a rug! Embarrassing…Kick her to the curb Karen!

  • BoGo

    She’s probably saved $40K in tuition costs over the past 2 years.

    Selling out your kids and yanking them out of private school all for the sake of “optics” when you’re in the running for the DNC slot does have its financial advantages.

  • http://howardwemple.com Howard H. Wemple

    She “became” the spokesperson for Obama and the DNC and DOUBLED her net worth, without proportionate taxable income increase? Sounds like a whore to me.

  • Rocketchip

    One would think she could afford to get her hair fixed.

  • Gary Hazen

    Her real name is Debbie ” Washerwoman ” Shultz as she cleans skidmarks from Prez O’s tighty whiteys’.

  • http://www.Royal-touch-limousine.com Bobby

    The public, including companies should not finance campaigns, let the person running for an office put up all the money, contributions should become illegal then lets see who can stay in the race to the end. Like the article states above, Debbie Wasserman Shultz was not wealthy before she took office, now look at her. Very few people who are politically motivated have the enormous funds it takes to be represented in print and TV media. I think it would be a much more interesting race knowing that each candidate paid his or her own way to get the position they want. I understand why Wall street and Financiers get involved in political races, for long term financial gain, or political gain such as tax loopholes.

  • Warren

    If Alexis de Tocqueville were to have traveled to America today, the title of his masterful book DEMOCRACY IN AMERICA would instead be called HYPOCRISY IN AMERICA.

  • Flippy

    Bumper stickers are soooo tacky, wait… oh its Wasserman Shultz