The Democratic-leaning activist group Progress Now just sent out a press release calling on Rep. Marilyn Musgrave to remove her name from the list of sponsors of the Fair Treatment for Precious Metals Investors Act, following up on weekend news reports that the bill will directly benefit Musgrave’s husband’s substantial numismatic investments. Says Progress Now director Mike Huttner, “Musgrave should be ashamed that she is the sponsor of the bill to benefit her family at the expense of taxpayers.” Release follows.
Call for Musgrave to remove her name from legislation:
Petition against ‘Coingate’ launched as Musgrave legislates for self-profit
FOR IMMEDIATE RELEASE
Monday, September 22, 2008
CONTACT: Michael Huttner
(303) 931-4547 cell
Denver: ProgressNowAction called on Rep. Marilyn Musgrave to immediately remove her name as a sponsor of legislation that would benefit her family.
“We call on Marilyn ‘Goldfinger’ Musgrave to immediately remove her name from a bill that will personally benefit her family,” stated Michael Huttner, Executive Director of ProgressNowAction, Colorado’s largest online advocacy organization. “The public needs to know about ‘Coingate,’ Musgrave’s legislation to benefit her husband’s investments.”
Over the weekend, the Fort Collins Coloradoan reported that Rep. Musgrave is one of only nine co-sponsors of legislation that will financially benefit coin collectors. (“Musgrave backs bill benefiting her family”, Coloradoan, 9/20/2008)
The legislation will reduce taxes on coins and precious metals of $52 million over 10 years. Musgrave’s husband had between $50,000 and $100,000 invested in coins and precious metals in 2007 as reported in Musgrave’s 2007 personal financial disclosures.
“Musgrave is an absolute hypocrite when it comes to corruption,” stated Huttner. “Musgrave should be ashamed that she is the sponsor of the bill to benefit her family at the expense of taxpayers,” he added.
The public can join the call for Musgrave to remove her name as a cosponsor by going to:
Musgrave was named of the 13 most corrupt members of Congress in 2005 by the Citizens for Responsibility and Ethics in Washington. (National Journal, 9/30/2005)
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