TJ Cox ca$hes in, even as he owes $145k to taxpayers
Does TJ Cox really have no shame? Even as he owes the IRS more than $145,000 in back taxes, a new report says TJ Cox has been cashing in on the coronavirus relief programs, securing himself “$300,000 and $700,000 in taxpayer-backed, forgivable loans through the Paycheck Protection Program” – more than double what he owes taxpayers.
What a guy.
In case you missed it…
Still Under IRS Lien For Unpaid Taxes, Cox’s Firms Received Six-Figure Federal Loans
San Joaquin Valley Sun
Alex Tavlian
July 7, 2020
While Rep. TJ Cox (D–Fresno) continues to owe Uncle Sam payment for years worth of taxes, two of his businesses received six-figure forgivable loans through the Federal government’s coronavirus relief program, new Federal data shows.
Two firms linked to Cox received between $300,000 and $700,000 in taxpayer-backed, forgivable loans through the Paycheck Protection Program.
The two firms, California Custom Processing and Sierra Meadows Senior Living LLC, were prominent elements of Cox’s 2018 campaign against then-Rep. David Valadao (R–Hanford).
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As of Cox’s most-recent financial disclosure report, he still maintains a stake in both companies.
According to recently-released Small Business Administration data, the two firms were recipients of Paycheck Protection loans worth between $150,000 and $300,000 each.
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Despite the multiple six-figure sums from the U.S. Treasury and the Small Business Administration as coronavirus relief for his companies, Cox himself still owes his own six-figure sum in unpaid taxes to the Federal government.
In early February, the Internal Revenue Service placed a lien on Cox and his wife, pediatrician Kathleen Murphy, for $145,000 in unpaid taxes for tax year 2017 and 2016.
The lien lists roughly $87,000 in unpaid federal income tax for 2016 and around $57,000 in unpaid income tax for 2017.
The February lien was not Cox’s first with the IRS. Cox previously had a $48,000 lien placed on him for unpaid Federal income taxes in 2015, which he paid in 2017.
In March, the California Franchise Tax Board – the state’s income tax agency – issued a lien against Cox and his wife, Kathleen Murphy, over an unpaid $30,482 state income tax bill from 2017.