Sen. Jim DeMint To Ditch Senate for Major Lobbying Payday
Matt | On 10, Dec 2012
Sen. Jim DeMint (R) is giving himself a pay raise and a ticket out of the U.S. Senate next month.
The South Carolina lawmaker will step down from Congress in January and head over to Heritage Foundation as its leader.
For those that don’t know, Heritage Foundation is an influential conservative think-tank that plays a big role in shaping Republican policies on Capitol Hill.
DeMint was one of the poorest members of Congress, only boasting between $16,000 and $65,000 in net worth, according to OpenSecrets.org. He earned $174,000 in the Senate. At Heritage, DeMint will see an ocean of money compared to his former salary. He may earn slightly over $1.1 million annually, if his pay keeps pace with Heritage’s outgoing president, Ed Feulner.
The exit of DeMint from Congress has made headlines for a few reasons. First, he was one of the most conservative and Tea Party-loving members of the Senate. DeMint could be counted on to support fringe causes, etc. He also may be replaced by a black Republican over in the House by the name of Rep. Tim Scott. Sources think SC-Gov. Nikki Haley will choose Scott to take DeMint’s soon-to-be-vacated seat.
Scott is playing mum about what could potentially be his new job as DeMint’s replacement. But, it would definitely be a good look for him.
Meanwhile, I’m sure DeMint thinks he hit the Powerball with his latest job move.