Campaign 2010

Jul 17, 2013

Rep. Buchanan Didn’t Pay His Own Taxes – But Voted To Raise Taxes On Florida Families

Congressman Buchanan, who serves on the tax writing Ways and Means Committee, was charged over $1,000 in interest and penalties on his $1.6 million Washington D.C. row house, according to a new story in The Sarasota Herald Tribune. Even worse, while refusing to pay his own taxes, Congressman Buchanan also voted to increase taxes on Florida’s middle class families: voting in 2012 to increase taxes by over $1,300 and voting in 2013 to increase taxes by over $3,000.

“Congressman Buchanan’s votes to make Florida families pay more taxes while refusing to pay his own taxes is yet another example in Congressman Buchanan’s long pattern of hypocrisy and corruption,” said David Bergstein of the Democratic Congressional Campaign Committee. “But the real issue isn’t taxes, it’s trust: when Congressman Buchanan flaunts laws to benefit himself, it’s impossible for Sarasota and Manatee residents to trust Congressman Buchanan to look out for them.”

In addition to yesterday’s example, Congressman Buchanan’s long history of avoiding his taxes and potentially violating campaign finance laws are well documented:

  • Congressman Buchanan used offshore reinsurance companies to avoid paying his full taxes;
  • Congressman Buchanan manipulated his tax rates to avoid paying his full taxes;  
  • Congressman Buchanan engaged in an eight year fight with the IRS and was ultimately forced to pay over $2 million in back taxes to the IRS;
  • A federal investigation concluded that Congressman Buchanan “more likely than not” violated federal laws by forcing his employees to launder campaign contributions to his used car dealerships.

BACKGROUND:

Congressman Buchanan Forced to Pay Over $1,000 in Penalties and Interest for Failing to Pay Taxes. “U.S. Rep. Vern Buchanan was hit with more than $1,000 in penalties and interest charges on a 2012 property tax bill on a home he and his wife maintain near Capitol Hill, records show.” [Sarasota Herald Tribune, 7/15/13]

2012: Congressman Buchanan Voted to Make Middle Class Families Pay Over $1,300 More in Taxes. In 2012, Buchanan voted for the House Republican Budget. ABC News reported:“The House Republican budget for the 2013 fiscal year, passed by the House in June, would raise taxes by $1,358 for jointly-filing households earning between $50,000 and $100,000, assuming the additional income is taxed at a 10 percent rate, according to a report published earlier this summer by the Joint Economic Committee of Congress […] The committee reported Ryan's budget plan would give the richest Americans -- those who make over $1 million -- a tax break of about $300,000.” [H Con Res 112, Vote #151, 3/29/12; ABC News, 8/14/12]

2013: Congressman Buchanan Voted to Make Middle Class Families Pay $3,000 More in Taxes. In 2013, Buchanan voted for the House Republican budget. An analysis of the Republican budget by the Center on Budget and Policy Priorities concluded that “to fully finance the tax cuts for people with incomes over $200,000, filers with children and incomes under $200,000 would see their taxes go up by more than $3,000 on average, even with the ambitious reductions in tax expenditures for high-income households that TPC examined.” [H Con Res 25, Vote #88, 3/21/13; Center on Budget and Policy Priorities, 3/17/13]

 


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