CONGRESSMEN'S EARNINGS STATED.Byline: James Nash Staff Writer Members of Congress from the San Fernando Valley San Fernando Valley Valley, southern California, U.S. Northwest of central Los Angeles, the valley is bounded by the San Gabriel, Santa Susana, and Santa Monica mountains and the Simi Hills. area supplemented their $150,000 annual salaries with income from personal investments and real-estate sales, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. financial disclosure statements released Monday. Only one area representative - Elton Gallegly Elton W. Gallegly (born March 7 1944), an American politician, has been a Republican member of the United States House of Representatives since 1987, currently representing the 24th District of California (map). , R-Thousand Oaks - reported more than $200 in earnings in 2002, which came from his wife's real-estate business Noun 1. real-estate business - the business of selling real estate business enterprise, commercial enterprise, business - the activity of providing goods and services involving financial and commercial and industrial aspects; "computers are now widely used in . Other members of Congress profited from dividends on stocks, bonds and individual retirement accounts, the disclosure statements indicate. In contrast with California's two senators, who both reported assets of more than $1 million, Reps. Adam Schiff
Adam B. Schiff (born June 20 1960) is an American politician. He first served in the California State Senate. , D-Pasadena; Henry Waxman Henry Arnold Waxman (born September 12, 1939 in Los Angeles, California) is an American politician. He has represented California's At-large congressional district (map) in the U.S. House of Representatives since 1975. , D-Los Angeles; Brad Sherman, D-Sherman Oaks; and Gallegly reported more-modest holdings in various stocks, IRAs, bonds and treasury notes. Reps. Howard Berman, D-Van Nuys, and Howard P. ``Buck'' McKeon, R-Santa Clarita, received extensions in filing their reports. Only Gallegly reported receiving any gifts worth $285 or more. Southern California Edison Southern California Edison (or SCE Corp), the largest subsidiary of Edison International (NYSE: EIX), is the primary electricity supply company for much of Southern California. It provides 11 million people with electricity. paid $350 for Gallegly and a guest to watch a California Angels baseball game from box seats last October. Two of the congressmen also took advantage of trips sponsored by outside interest groups. Schiff traveled to several Middle East countries in January 2002 with the cost paid by the Center for Middle East Peace and Economic Cooperation, which promotes itself as a neutral bridge-builder working toward a solution to the Arab-Israeli conflict. Gallegly traveled to Ecuador with the expenses paid by the Galapagos Conservancy Foundation, which is working to protect parts of the islands off the Ecuador coast. Waxman reported seven sponsored trips, from a three-day conference in Pasadena to trips of a week or longer to London and Beijing. Those trips were sponsored by the Aspen Institute, a nonprofit organization Nonprofit Organization An association that is given tax-free status. Donations to a non-profit organization are often tax deductible as well. Notes: Examples of non-profit organizations are charities, hospitals and schools. dedicated to promoting ``enlightened leadership.'' The legislators did not have to disclose the value of the trips. Although some higher-profile politicians from other areas reported royalties from book sales and television appearances, among the San Fernando Valley delegation only Waxman reported money from speeches, books and other appearances. Waxman was paid $11,000 for six speeches in 2002, which he donated to charity, his reports indicated. James Nash, (818) 713-3722 james.nash(at)dailynews.com |
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