Lott Income Figures Released - WLOX.com - The News for South Mississippi

Lott Income Figures Released

Financial forms released Friday show U.S. Sen. Trent Lott, R-Miss., earned nothing from speeches he gave in 2001 and received no gifts during the year.

Lott, the Republican leader in the Senate, held 161 acres of land in Hattiesburg valued at $15,000-$50,000, and, jointly with his wife, Tricia, 60,568 shares of PaineWebber Cash Fund worth $50,000-$100,000.

Tricia Lott sold shares of Lucent Technologies, AT&T and Compaq Computers, all in the $1,000-$15,000 range, while buying similar amounts of General Electric and Cisco.

Lott listed as earned income his minority leader's salary of $161,200.

All 535 members of Congress are required to submit the annual reports that show outside sources of income, assets, liabilities, travel paid by private interests and speech honoraria. By law, all honoraria for speeches must be donated to charity.

In general, income from activities other than salary and investments was limited to $21,765 in 2001. Spouses' independent incomes are not included in the disclosures.

Rank-and-file senators and representatives received salaries of $145,100 last year, a figure that rose to $150,000 this year. The speaker of the House receives $186,300, the same as Vice President Cheney who serves as president of the Senate and equivalent to what the chief justice of the Supreme Court receives.

The House and Senate majority and minority leaders got $161,200, an amount which rose to $166,700 this year.

Powered by Frankly