Say it ain't so. Rep. Ilhan Omar issued an error-ridden denial of a Washington Free Beacon report on her newfound wealth, accusing this reporting of peddling fake news for citing her latest financial disclosure, which revealed the Minnesota Democrat and her husband saw their personal fortune explode to as much as $30 million.
"Another day, another lying headline about millions of dollars that apparently I have," Omar said in a video posted to her Instagram account on Wednesday.Omar took issue with theFree Beacon's statement that her wealth has skyrocketed as high as $30 million. "If you look at the asset for $1 million to $5 million, the income is $5 to $15,000," Omar said. "And if you look at the asset for $5 million to $25 million, it says none right there." Omar drew a distinction between the income drawn from an asset in a given year and the value of the underlying asset. The latter is how personal wealth is calculated, while the former is used to tally annual income.
"Learn to read before you post misleading shit," the multimillionaire Democrat said.
To ethics watchdog Caitlin Sutherland, the executive director of Americans for Public Trust, Omar's video shows the Minnesota Democrat has a fundamental misunderstanding of what wealth is.
"Net worth is more than cash in a bank account," Sutherland told the Free Beacon. "Rep. Omar should know it's the value of assets that makes someone a millionaire."
Omar denied being a multimillionaire while facing scrutiny over a Free Beacon report that found her fortune exploded to as much as $30 million in 2024, an increase of at least 3,500 percent over her reported net worth in 2023.
In a caption accompanying her Instagram video, Omar challenged right-wing media to "try reading" and added that the $6 million to $30 million valuation she reported for her husband Tim Mynett's businesses—a California winery and a venture capital firm—represent the "full cost assessment" of the firms rather than Mynett's individual share in them.
But this, too, is incorrect. House Ethics Committee instructions require Omar to report only the value of her husband's ownership stake in the businesses, not the full value of the firms.
Omar's rebuttal calls into question the validity of her 2024 disclosure statement, said Paul Kamenar, an attorney for the ethics watchdog National Legal and Policy Center.
"She must amend her report to comply with the House instructions to show only the value of her husband's ownership share, otherwise allegations of her wealth are correct," Kamenar told the Free Beacon.
It's not the first time Omar has denied being a multimillionaire. She told Business Insider in February that it was "ridiculous" and "categorically false" to say she's worth more than a few thousand dollars. But Omar and her husband were multimillionaires when she issued that statement, according to her own financial disclosure. By the end of 2024, the Democrat reported in her latest disclosure, she and Mynett had accumulated a net worth that year ranging from at least $6 million to $30 million, derived almost entirely from the value of her husband's ownership stake in his winery and venture capital firm that Omar valued at no more than $51,000 in her 2023 financial disclosure.
Mynett's venture capital firm, Rose Lake Capital, once boasted on its website expertise at structuring "legislation" on behalf of its clients and partners. Rose Lake Capital removed all references to "legislation" from its website sometime after Tuesday morning, following the Free Beacon report.
Mynett married Omar in 2020 as he worked as a consultant for her campaign. The arrangement, which saw $2.9 million from Omar's campaign flow into the coffers of Mynett's company E Street Group, drew intense scrutiny, and after Omar won reelection in 2020 Mynett exited the political consulting industry to branch into the digital marketing, winery, and venture capital industries.
One of Mynett's firms, a creative agency called EStreetCo, failed to pay its fair share of taxes in 2021, the Free Beacon reported. The IRS filed a tax lien against the company in January 2023 seeking nearly $206,000 in unpaid income, Social Security, and Medicare taxes the firm accumulated in 2021. Though there are no records showing the IRS has released the lien, a spokesman for EStreetCo told the Free Beacon on Wednesday that the bill had been paid in full.
Omar's office did not return a request for comment.
Keep these in mind as you contemplate the direction of the American government over the past 50 years and especially since the Obama election.
The Goals of Communism
(as read into the congressional record January 10, 1963, from "The Naked Communist" by Cleon Skousen)
1. U.S. acceptance of coexistence as the only alternative to atomic war.
2. U.S. willingness to capitulate in preference to engaging in atomic war.
3. Develop the illusion that total disarmament of the United States would be a demonstration of moral strength.
4. Permit free trade between all nations regardless of Communist affiliation and regardless of whether or not items could be used for war.
5. Extension of long-term loans to Russia and Soviet satellites.
6. Provide American aid to all nations regardless of Communist domination.
7. Grant recognition of Red China. Admission of Red China to the U.N.
8. Set up East and West Germany as separate states in spite of Khrushchev's promise in 1955 to settle the German question by free elections under supervision of the U.N.
9. Prolong the conferences to ban atomic tests because the United States has agreed to suspend tests as long as negotiations are in progress.
10. Allow all Soviet satellites individual representation in the U.N.
11. Promote the U.N. as the only hope for mankind. If its charter is rewritten, demand that it be set up as a one-world government with its own independent armed forces. (Some Communist leaders believe the world can be taken over as easily by the U.N. as by Moscow. Sometimes these two centers compete with each other as they are now doing in the Congo.)
12. Resist any attempt to outlaw the Communist Party.
13. Do away with all loyalty oaths.
14. Continue giving Russia access to the U.S. Patent Office.
15. Capture one or both of the political parties in the United States.
16. Use technical decisions of the courts to weaken basic American institutions by claiming their activities violate civil rights.
17. Get control of the schools. Use them as transmission belts for socialism and current Communist propaganda. Soften the curriculum. Get control of teachers' associations. Put the party line in textbooks.
18. Gain control of all student newspapers.
19. Use student riots to foment public protests against programs or organizations which are under Communist attack.
20. Infiltrate the press. Get control of book-review assignments, editorial writing, policymaking positions.
21. Gain control of key positions in radio, TV, and motion pictures.
22. Continue discrediting American culture by degrading all forms of artistic expression. An American Communist cell was told to "eliminate all good sculpture from parks and buildings, substitute shapeless, awkward and meaningless forms."
23. Control art critics and directors of art museums. "Our plan is to promote ugliness, repulsive, meaningless art."
24. Eliminate all laws governing obscenity by calling them "censorship" and a violation of free speech and free press.
25. Break down cultural standards of morality by promoting pornography and obscenity in books, magazines, motion pictures, radio, and TV.
26. Present homosexuality, degeneracy and promiscuity as "normal, natural, healthy."
27. Infiltrate the churches and replace revealed religion with "social" religion. Discredit the Bible and emphasize the need for intellectual maturity which does not need a "religious crutch."
28. Eliminate prayer or any phase of religious expression in the schools on the ground that it violates the principle of "separation of church and state."
29. Discredit the American Constitution by calling it inadequate, old-fashioned, out of step with modern needs, a hindrance to cooperation between nations on a worldwide basis.
30. Discredit the American Founding Fathers. Present them as selfish aristocrats who had no concern for the "common man."
31. Belittle all forms of American culture and discourage the teaching of American history on the ground that it was only a minor part of the "big picture." Give more emphasis to Russian history since the Communists took over.
32. Support any socialist movement to give centralized control over any part of the culture--education, social agencies, welfare programs, mental health clinics, etc.
33. Eliminate all laws or procedures which interfere with the operation of the Communist apparatus.
34. Eliminate the House Committee on Un-American Activities.
35. Discredit and eventually dismantle the FBI.
36. Infiltrate and gain control of more unions.
37. Infiltrate and gain control of big business.
38. Transfer some of the powers of arrest from the police to social agencies. Treat all behavioral problems as psychiatric disorders which no one but psychiatrists can understand.
39. Dominate the psychiatric profession and use mental health laws as a means of gaining coercive control over those who oppose Communist goals.
40. Discredit the family as an institution. Encourage promiscuity and easy divorce.
41. Emphasize the need to raise children away from the negative influence of parents. Attribute prejudices, mental blocks and retarding of children to suppressive influence of parents.
42. Create the impression that violence and insurrection are legitimate aspects of the American tradition; that students and special-interest groups should rise up and use united force to solve economic, political or social problems.
43. Overthrow all colonial governments before native populations are ready for self-government.
44. Internationalize the Panama Canal.
45. Repeal the Connally reservation so the United States cannot prevent the World Court from seizing jurisdiction over nations and individuals alike.
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