Buck McKeon on Principles & Values
Republican Representative (CA-25)
Eight Democrats and two Republicans ranked at the bottom of the list of the 535 lawmakers in the House and Senate in our annual calculations for the 50 Richest project.
These public officials have significant assets and might actually be considered wealthy by some, but they have the smallest minimum net worths because they all hold massive debts and liabilities of at least $500,000, including obligations such as mortgages on multiple homes, overdue taxes and legal fees.
4th Poorest: Howard "Buck" McKeon: -$943,000
Before Congress, McKeon helped operate his family's now-closed chain of Western-style clothing stores. The California Republican owes more than $1 million combined on two mortgages for homes in his district and Alexandria, Va., and has only $67,000 in assets composed of bank and life insurance accounts.
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The new generation of pro-market, small government leaders filled such a need that in October 2007, Fred Barnes of The Weekly Standard profiled Eric Cantor, Paul Ryan, and Kevin McCarthy and christened them the "young guns."
Kevin approached Eric & Paul about the idea of traveling together, as "Young Guns", to visit Republican candidates interested in a new approach for the party.
What began as an informal way to support like-minded candidates became a more formal structure. Once the three Representatives had studied the candidate and given their support to become a Young Gun, they committed to providing financial support through their campaign committees.
Existing House Republicans were approached with a simple pitch: Are we willing to help ourselves by being proactive and going on the offense to change this House? Dozens of our House Republican colleagues joined the Young Gun effort as one of the many signs that the Republican Party had shifted.
As Republican Members of the House of Representatives and as citizens seeking to join that body, we propose not just to change its policies, but to restore the bounds of trust between the people and their elected representatives. That is why, in this era of official evasion and posturing, we offer instead a detailed agenda for national renewal, a written commitment with no fine print.
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