Teague Skirts Details About His Income

Rep. Harry Teague, who made millions in the oil industry before coming to Congress, launched a new ad campaign this week claiming he has not “accepted a penny” from his company in 21 months. The ads are part of the New Mexico Democrat’s response to recent criticism from his GOP opponent that he cut health care benefits for his employees while accepting hefty profits.

But according to Teague’s personal financial disclosure statement for 2009, his wife, Nancy Teague, who works as an adviser to the company, earned a $120,000 salary from Teaco Energy Services in 2009, the oil services firm Teague founded in 2000.

And while Teague, ranked 12th on Roll Call’s 50 Richest Members of Congress list, did not take any money from TES in that time, he did make as much as $2 million in income from two other companies he has ownership in.

Read more: (Kyle Trygstad, “Teague Skirts Details About His Income,” Roll Call, 10/06/2010)