What’s Up With Mike Johnson’s Very Shady-Seeming Financial Disclosures?
In the week since Mike Johnson was elected Speaker of the House, we’ve learned a tremendous amount about the Louisiana Republican, and virtually none of it has been good. For instance, the man the GOP just elevated to one of the most powerful jobs in the federal government tried to help Donald Trump steal a second term, is virulently antiabortion, thinks America doesn’t have a gun problem,, definitely doesn’t believe in separation of church and state, has claimed homosexuality is “sinful” and “destructive,” and is married to someone who founded a company that equates being gay with bestiality and incest. And now, for something totally different, we’ve learned the new House Speaker…doesn’t have any bank accounts listed on his financial disclosure forms.
The Daily Beastthat in financial disclosures dating back to 2016, the year he joined Congress, Johnson never reported having a savings or checking account in his name, his spouse’s name, or in the name of any of his children. In his latest filing, which covers last year, he doesn’t list a single asset either. Which, given that he made more than $200,000 last year—in addition to his wife’s salary—is more than a little odd.
As reporter Roger Sollenberger notes, it‘s unlikely that Johnson literally does not have any sort of bank account, and that he’s, like, stuffing his money in a mattress. Rather, the most probable explanation is that the Speaker lives paycheck to paycheck, and the money he does have in various accounts doesn’t meet the reporting threshold; members must disclose any accounts, at any financial institution, that has at least $1,000 in them and a combined value of more than $5,000. (Accounts belonging to members’ spouses and dependent children count toward that minimum.) And while it’s a fact that , and that about a third on hand to cover an unexpected $400 expense, when it comes to Johnson, the numbers don’t really add up.
Per The Daily Beast:
As Libowitz explained, “One of the reasons we have these financial disclosures is to know whether politicians are having financial difficulties—which could make them ripe for influence buying.” Which apparently is just one of the many things to be concerned about when it comes to the new House leader.