May 3, 2018 / Press Releases

MacArthur Games the System, Rakes in Profits

Congressman Tom MacArthur (NJ-03) has served a short time in Congress, but he already has a detailed history of gaming the system to boost his and his donor’s bottom lines. Yesterday, we saw the latest example of this troubling behavior when the New Jersey Globe reported that MacArthur bought thousands of dollars in stocks of oil and gas companies weeks before voting to give the industry a $25 billion tax break.

MacArthur’s record of personal enrichment:

New Jersey Globe (04/27/2018): MacArthur bought utilities stocks before vote

“Rep. Tom MacArthur bought thousands of dollars’ worth of securities in gas and oil companies weeks before he voted in favor of a tax bill that would give companies in the industry a direct, one-time tax break worth up to $25 billion.”

Daily Beast (05/24/2017): Pro-Trump Republicans Owned Millions In Health Care 

“Among the influential members with significant investments is Rep. Thomas MacArthur of New Jersey, who held between $834,000 and $2.3 million in health-care company investments in 2015. MacArthur made between $142,000 and $472,000 in capital gains and dividends on those investments, according to his disclosure forms. MacArthur authored an amendment to the AHCA that allows insurance companies to deny coverage to some people with pre-existing conditions.”

Center for Responsive Politics (12/07/15): In climate debate, Obama faces a Congress heavily invested in the oil and gas industry

“Rep. Thomas MacArthur (R-N.J.) owned stock in all four of those corporations and more — with at least $1.3 million in shares of 41 oil and gas companies, his industry portfolio far outpaces his colleagues’. He’s also a member of the House Committee on Natural Resources. As a member of the federal lands subcommittee, MacArthur helps oversee the nation’s national parks, national forests, public lands and natural monuments. In May, he introduced a bill that would allow rights-of-way for natural gas pipelines cutting through all federally owned lands

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ECU Spotlight: Andy Kim Outraises Incumbent Tom MacArthur While Refusing Corporate PAC Money