Capps failed to disclose more income
October 19, 2012
Congresswoman Lois Capps faces new charges from Republican challenger Abel Maldonado over failure to report personal income [Noozhawk].
Legislative Resource Center records show that Capps did not disclose two pensions as income, totaling more than $500,000 for her first eight years in Congress. From 1998 to 2006, Capps failed to report to the House oversight body her income from the State Teachers Retirement System and the Regents of the University of California.
Capps corrected the omission in 2008 and has reported the pension income ever since.
The Maldonado campaign jumped on the issue Thursday, attacking Capps and linking the lack of disclosure to a previous failure to report rental income. Capps’ published tax returns revealed earlier this year that she failed to report $41,000 of income from renting a room to former staffer Jeremy Tittle, an omission she did not disclose to Congress until 2006 and to the IRS until 2012.
As the personal finance charges grow against Capps, Maldonado remains troubled by his own tax problems. Maldonado continues to battle IRS claims that his family business underpaid it taxes by more than $3.6 million and that the candidate underpaid his personal taxes by about $470,000.
Additionally, state elections records revealed two weeks ago show that Maldonado claimed a $3,686 catering bill from a 2007 event as a business expense despite raising $35,000 for his state senate reelection the same day. The Capps campaign claims the event was a political fundraiser, not a personal party.