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Report: Biden raked in $15 million in two years after leaving office

Published in Blog on July 11, 2019 by Convention Of States

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For many federal politicians -- both Democrat and Republican -- the biggest payday comes not while serving the American people but after leaving office.

Case in point: Joe Biden. A new report from the Washington Free Beacon has found that the former Vice President increased his income by $15 million after giving up his seat to Mike Pence. 

Former Vice President Joe Biden released his tax returns on Tuesday revealing a $15 million spike in income since leaving office in 2016, primarily thanks to book sales and speaking fees.

[Biden] benefited from an extensive list of speaking events, many of which occurred during Biden's book tour for his 2017 memoir, "Promise Me, Dad."

Biden's income, along with his wife Jill's, totaled around $390,000 by the end of the Obama Administration. In the 2018 calendar year, his tax return reported an adjusted gross income of almost $4.6 million, a step down from 2017‘s $11 million.

Biden made two investments in second and third homes since leaving office, purchasing a $2.7 million vacation house on the coast of Delaware and renting a 12,000 square foot five bedroom, ten bathroom home in McLean, Virginia.

Biden isn't alone. Politicians from all stripes turn the power granted to them by the American people into lucrative second careers on the speaking circuit and in the book store. Rather than returning to and serving their local communities, they use their power and influence to enrich themselves. 

While nothing can stop politicians from leveraging their position for personal gain, We the People can limit the power that these positions grant.

An Article V Convention of States -- called and controlled by the states -- has the power to limit the power and jurisdiction of the federal government. These amendments can also impose term limits on federal officials, reducing their time in D.C. from a lifetime to six or eight years. 

A complete package of amendments that limit federal power can transform federal service from a lucrative lifetime appointment to nothing more than a temporary service to the country. That's how the Founders imagined that our national leaders would act, and it's time we get back to that vision.

Sign the Petition below to tell your state legislators you support the Founders' solution to the Swamp!

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Almost everyone knows that our federal government is on a dangerous course. The unsustainable debt combined with crushing regulations on states and businesses is a recipe for disaster.

What is less known is that the Founders gave state legislatures the power to act as a final check on abuses of power by Washington, DC. Article V of the U.S. Constitution authorizes the state legislatures to call a convention for proposing needed amendments to the Constitution. This process does not require the consent of the federal government in Washington, DC.

I support the Convention of States Project; a national effort to call a convention under Article V of the United States Constitution, restricted to proposing amendments that will impose fiscal restraints on the federal government, limit its power and jurisdiction, and impose term limits on its officials and members of Congress.

I want our state to be one of the necessary 34 states to pass a resolution calling for this kind of Article V Convention. You can find a copy of the model resolution and the Article V Pocket Guide (which explains the process and answers many questions) here: https://conventionofstates.com/handbook_pdf

I ask that you support the Convention of States Project and consider becoming a co-sponsor of the resolution. Please respond to my request by informing the national COS team of your position, or sending them any questions you may have:

info@conventionofstates.com or (540) 441-7227.

Thank you so much for your service to the people of our district.

Respectfully, [Your Name]

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