fbpx

Democrat Senator Sinema Under Scrutiny Over Net Worth Exploding From $35K To $1 Million

Democrat Senator Sinema Under Scrutiny Over Net Worth Exploding From $35K To $1 Million

Sinema

Democrat Senator Sinema Under Scrutiny Over Net Worth Exploding From $35K To $1 Million Photo: Democratic Rep. Kyrsten Sinema of Arizona, center, who won Arizona's Senate race beating Republican Rep. Martha McSally, smiles as she is stopped by reporters at the Capitol in Washington, Nov. 13, 201816. She is taking the seat vacated by retiring Sen. Jeff Flake. (AP Photo/J. Scott Applewhite)

All eyes are on Arizona Democrat Sen. Kyrsten Sinema, with many wondering how she increased her net worth from $32,500 in 2018 to an estimated $1 million today. 

Sinema is blocking the Democrats from passing an ambitious social policy and climate bill while at the same time raising money from five business lobbying groups, many of which strongly oppose the bill, The New York Times reported.

When she won her U.S. Senate seat in 2018, Sinema was the first Arizona Democrat elected to the chamber in three decades. Now she is under a microscope as she threatens to derail President Biden’s legislative agenda. It’s the latest in a string of decisions that have disappointed Sinema’s base, CNN reported. In March, she voted against a bill that would have raised the minimum wage to $15 an hour and she refused to support an end to the filibuster, the Senate’s 60-vote threshold for most legislation. Without the filibuster, Democrats could pass their priorities with just a majority.

Sinema received more than $750,000 in donations from the pharmaceutical and medical device industries. After that, she opposed a Democratic plan to lower prescription drug costs.

She told White House officials that she opposes House and Senate bills that would allow Medicare to negotiate drug costs, sources told Politico. According to her fellow Democrats, these bills would save an estimated $450 billion over the next decade and pay for a large portion of President Joe Biden’s $3.5 trillion spending plan, which has the support of nearly 90 percent of voters. The budget bill would expand child care, health care and paid family leave and would fund programs to combat climate change, among other measures, Salon reported.

Sinema has had a long financial relationship with Big Pharma. She has received $519,988 from political action committees and individuals in the pharmaceutical industry throughout her political career, according to data from the Center for Responsive Politics. She received more than $120,000 in pharma contributions between 2019 and 2020, and she also received $190,161 from donors in pharmaceutical manufacturing and $62,797 from the medical supplies industry. 

“Sinemas’ net worth went from $35,000 in 2018 to $1,000,000 in 2021. In 2018 Executive Level pay for her position was $174000. To keep it simple, 15% of that or $26,100 is all that she could legally have earned in outside income. So how did her net worth increase by $985,000?” asked Georgia Stein @GStein269 on Twitter.

AnnieED @annie_ed1 replied, “Plain and simple they are selling out government to big donors, friends and families who in turn pay them back for services rendered. Democrats/Republicans need to show how they’re making money”.

“And worth noting that if @SenatorSinema walks, she’s only doing so after dramatically increasing her personal net worth by $965,000 & breaking countless promises to her AZ supporters in her 3 years AS A SENATOR!” Tracy @TweetingTracy responded.

Listen to GHOGH with Jamarlin Martin | Episode 74: Jamarlin Martin Jamarlin returns for a new season of the GHOGH podcast to discuss Bitcoin, bubbles, and Biden. He talks about the risk factors for Bitcoin as an investment asset including origin risk, speculative market structure, regulatory, and environment. Are broader financial markets in a massive speculative bubble?

[asp_product id="372280"]