Money

Rep. Phil Gingrey Complains About Making $172K a Year, Is Worth Millions

| by Michael Allen

Rep. Phil Gingrey (R-Ga.) reportedly lamented his $172K salary during a closed-door meeting with fellow Republicans about Obamacare.

According to the National Review, Rep. Gingrey complained that congressional aides “may be 33 years old now and not making a lot of money. But in a few years they can just go to K Street [and become a lobbyist] and make $500,000 a year. Meanwhile I’m stuck here making $172,000 a year.”

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His net worth is estimated to be between $3 million and $7.6 million, noted USA Today, while the median income in Georgia is $49,736.

Rep. Gingrey later told the National Review that he couldn't recall exactly what he said, but did tell the conservative publication: “I was engaged in a dialogue with some members of our conference who truly believe that Congress should get special treatment. And some also believe that staff members should get special treatment. I happen not to believe that.”

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The underpaid congressman and his fellow Republicans were discussing whether or not to oppose an existing exemption that Congress currently has from Obamacare.

Rep. Frank Lucas (R-Okla.) allegedly told the GOP group that cutting the exemption would cost him 7 percent of his pay and added: “Before you support this, go home and talk to your wife.”

Sources: USA Today and National Review