Campaign 2010

Dec 05, 2007

A-Latta Money from Big Oil

DCCC Press

Dec 5, 2007

A-Latta Money from Big Oil

The DCCC released a web video today highlighting State Representative Bob Latta’s close ties to Big Oil. State Representative Bob Latta and Big Oil have a lot invested in each other. While gas prices soar to more than $3.00 a gallon in northwest Ohio, Latta shares in Big Oil’s big profits. State Representative Bob Latta, the son of a former congressman, is a candidate in a special election in Ohio’s fifth congressional district. The web video can be viewed here.

“Representative Bob Latta has a lot of money invested in Big Oil & Gas companies and those same special interests have a lot of money invested in him,” said Jennifer Crider, Communications Director at the Democratic Congressional Campaign Committee. “Middle class families pay the price for Representative Latta’s vote to increase the gas tax by 27% and his close ties to Big Oil and Gas. The last thing northwest Ohioans need is another career politician who will put special interests like Big Oil ahead of Ohio’s working families.”

Background:

· State Representative Bob Latta owns between $315,000 and $700,000 in shares of funds which invest in Exxon, Chevron, and Halliburton. [2007 Latta Financial Disclosure]

· Since 2006, State Representative Bob Latta has made between $29,212 and $76,000 in capital gains from his ownership of funds which invest in Exxon, Chevron and Halliburton. [2007 Latta Financial Disclosure]

· State Representative Bob Latta has accepted $9,000 from the PACs of Big Oil companies including BP, Exxon Mobil, Valero and Marathon Oil to fund his campaigns. [Ohio Secretary of State, Latta for Congress FEC Disclosures]


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