Rob Bresnahan “Cashes In” After Voting To Cut His Own Taxes [The Keystone]

The Keystone reports that “Bresnahan is expected to save anywhere between $19,300 and $23,600 in taxes next year” because of his vote for Republicans’ Tax Scam which made the largest cuts to Medicaid in history.

Read for latest reporting for yourself:

• US Rep. Rob Bresnahan is set to personally benefit after voting for President Donald Trump’s tax cuts for the country’s wealthiest Americans.
• The Institute on Taxation of Economic Policy (ITEP), a progressive leaning think tank, estimates that Bresnahan is expected to save anywhere between $19,300 and $23,600 in taxes next year. 
• Michelle Rothenbecker, Action Together NEPA Chief of Staff and a Bresnahan constituent said […] “Bresnahan came into this seat as a multimillionaire. An extra $20,000 likely doesn’t mean much to him. But $20,000 is a life changing and often life saving amount for many constituents of his district.”
• According to Quiver, Bresnahan has a net worth of close to $50 million thanks to the massive stock portfolio he obtained after selling his family’s construction business to a venture capital firm. Because of that, Bresnahan’s existing tax bill is low as much of his income comes from capital gains, which were not affected by Trump’s 2017 tax law. 
• Bresnahan was first elected to the US House in 2024 after defeating former Rep. Matt Cartwright. He quickly made a name for himself by becoming one of Congress’ most prolific stock traders. 
• Since taking office, Bresnahan has completed 627 trades totaling over $7 million, and the Philadelphia Inquirer reports that Bresnahan has placed five times as many trades as the next closest legislator.

###