Oklahoma members of Congress file reports about their finances

Annual reports show some Oklahoma members of Congress had investment earnings that exceeded their government salaries
by Chris Casteel Published: May 20, 2012

Some members of Oklahoma's congressional delegation made more money outside of Congress last year than they received from their government salaries.

Sen. Jim Inhofe and Rep. Frank Lucas last week reported outside income exceeding their $174,000 congressional salaries, while Sen. Tom Coburn and Rep. Tom Cole may also have topped their government earnings.

On the financial disclosure report filed last week, Inhofe, R-Tulsa, reported that he and his wife earned between $175,300 and $463,500 in 2011 from rent, dividends, interest and capital gains from property, stocks and his wife's business partnerships.

Lucas, R-Cheyenne, and his wife reported outside earnings between $215,000 and $2 million, with most of that in gross farm income and the sale of 508 acres of land in Roger Mills County.

The annual financial disclosure reports required of members of Congress show lawmakers' financial assets, liabilities and transactions only in very broad ranges. For instance, the Lucases gross farm income was reported in a range of $100,000 to $1 million.

The reports aren't designed to present a lawmaker's net worth; rather, they allow the public to examine specific assets, debts and transactions for possible conflicts of interest.

by Berry Tramel
Berry Tramel, a lifelong Oklahoman, sports fan and newspaper reader, joined The Oklahoman in 1991 and has served as beat writer, assistant sports editor, sports editor and columnist. Tramel grew up reading four daily newspapers — The Oklahoman,...
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