Marco Rubio – Costing taxpayers – Increasing personal income

Florida cannot afford Marco Rubio.  A couple of Google searches supported that.

During the 10-year period that included Rubio’s roles as Florida House Majority Leader and Speaker of the House, he saw his income more than quadruple.

In 1999, Rubio reported his earnings at $99,000.  In 2008, it was up to $414,000.

Much of Rubio’s earnings during this period was work for multiple law firms including Broad & Cassel, ‘a well-connect statewide firm that had done millions of dollars of legal work for the Florida House.’

Between 2002 and 2005, Broad & Cassel billed Florida taxpayers $4.5 MILLION for legal work.  An audit of the firm’s work was conducted but never released.  Just remember, Florida’s congress is overwhelmingly controlled by the Republicans – about 67% of the Florida House and Senate.  Rubio is a Republican.

The question is – what did Rubio really do for these law firms?   It does seem interesting that Rubio received money from companies that billed the very state that Rubio represented.  Broad & Cassel billed Florida an average of more than one million dollars per year for four years.

Asked if he would have been hired by Broad & Cassel had he not been Speaker of the House Rubio responded, “It’s hard to tell with a hypothetical.  I certainly would have worked somewhere.  I had made a career of working at big firms up until last year when I went out on my own.”

True, but would he have been compensated $1.2 million for 4 years?

During his time at Broad & Cassel, Rubio “said he reviewed zoning applications, but he never appeared before a board or a commission on a land use matter.”

During Rubio’s final year as Speaker, he ‘secured a special line item in the budget that gave Jackson Memorial Hospital an additional $20 million in 2008.  Several months later, Jackson hired Rubio as a consultant under a $96,000 a year contract.”

Since leaving state government, Rubio received lucrative deals with:

  • Miami Children’s Hospital paying him $102,000.
  • Florida International University – $69,000
  • Univision – as an on-air commentator for $8,000.

What I found most interesting was the last paragraph in the I-Team investigation

Despite his income, Rubio’s net worth is surprisingly low. In 2008 he listed his net worth at just $8,300. A self described fiscal conservative, Rubio is carrying almost a million in debt — including two mortgages on his current home and more than $100,000 in student loans. 

Rubio’s annual salary bump also is interesting considering he had stopped payments on a Tallahassee home which was heading into foreclosure.  Rubio claimed that he stopped paying on the home during a dispute with the bank.  He has since caught up with the payments once news for the pending foreclosure became public.

Rubio is also currently under a federal IRS investigation over the potential misuse of Republican Party credit cards for personal expenses. 

At the very least, it appears that Rubio has benefitted as a result of his time in public service at a very high cost to taxpayers but clearly he has difficulty managing his personal finances.

Can we really afford to send Marco Rubio to Washington?

Sources: 

Politifact – Charlie Crist’s first TV ad focuses on Marco Rubio’s money

I-Team: Scrutinizing Marco Rubio’s Finances

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2 responses to “Marco Rubio – Costing taxpayers – Increasing personal income

  1. Ellen Rentz

    Marco is just as big a crook as Ray Samsom – they are made from the same mold. And Broad and Cassell can’t tell you what he did to earn 1.2 million . Sure sounds like a pay-off to me!

  2. Pingback: Sun Sentinel endorses Marco Rubio – Aren’t they paying attention? « Gene's Shorts