Tag Archives: hardy

Hardy holds hearing on Obama overtime proposition

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Steve Marcus

Congressman Cresent Hardy, R-Nev., goes to a Memorial Day Event at Southern Nevada Veterans Memorial Cemetery on Monday, May 24, 2015, in Boulder City.

Friday, Oct. 9, 2015|1:37 p.m.

. As your home Republican politician caucus plunged into chaos over the surprise withdrawal of Rep. Kevin McCarthy in the race to replace outgoing Speaker John Boehner, one of Nevada’s representatives found time to check out turmoil of another kind: A new regulation by the Department of Labor that Rep. Cresent Hardy said would force businesses to shoulder unjust expenses in overtime payment.

The House Small company Subcommittee on Investigations, Oversight and Laws, which Hardy chairs, held a hearing on Thursday on the new guideline.

“Small-business owners and their workers should be afraid of exactly what will be compelled on them by the Department of Labor,” Hardy stated. “Had my business been needed to make this change, my staff members could have lost their medical insurance and other benefits.”

In July, the Obama administration proposed extended overtime wage regulations to nearly 5 million white-collar workers. Presently, companies are required to pay overtime to employees who earn less than $23,660 each year.

The proposition would raise that cap to workers making less than $50,440. According to the Department of Labor, the change would impact 211,000 small businesses nationally. The threshold was last upgraded in 2004.

“A one-size-fits-all technique from Washington seldom works for our varied nation,” said Hardy. “Nothing prevents a business owner from offering advantages reflective of long hours, but we have to protect their freedom to make these choices based on their own monetary ability.” Hardy stated that it would be better for any choice on overtime to be dealt with by Congress, rather than the administration.

The new guideline might go into effect as quickly as January 2016. For more on the proposed regulations, click on this link.

Challengers surpass Hardy in newest campaign finances

WASHINGTON– Republican Rep. Cresent Hardy raised less than $200,000 in the previous three months, surpassed by 2 oppositions as he seeks to hold his Home seat representing North Las Vegas and six counties in rural Nevada.

Hardy raised $194,039 from April through the end of June, according to a report filed Wednesday with the Federal Election Commission. The sum was a falloff from the first quarter of the year when he raised $292,250 with assistance from Residence leaders and Republican colleagues.

The freshman legislator from Mesquite reported he has $417,000 in the bank, which was more than leading Democratic oppositions Susie Lee, a philanthropist who had $326,239 money on hand, and state Sen Ruben Kihuen, who reported $215,000.

But Lee, who went into the race in Might to represent the 4th Congressional District, made a bigger splash for the quarter by raising a preliminary $280,000 and loaning her project $50,000. Kihuen gained $214,554 in fundraising that started in earnest after the Legislature adjourned early in June.

Previous state Assemblywoman Lucy Flores, another Democrat hopeful, reported raising $106,000 and had $76,523 cash on hand. Former Nevada Assembly Speaker John Oceguera revealed his candidacy recently, and had actually not yet reported financial resources.

About half of Hardy’ $ s financial backing in the 2nd quarter, $96,900, came from political action committees. Significant donors consisted of Rep. Joe Heck, R-Nev., through his Full House PAC, which gave $5,400. The BlueGrass PAC of U.S. Senate Bulk Leader Mitch McConnell, R-Ky., provided $10,000. Koch Industries gave $2,500.

Hardy’ $ s money on hand ” $ is not a bad nest egg however he need to be doing a heck of a lot much better as an incumbent, specifically with Republicans wishing to hold your house,” $ said Mark Peplowski, a political science teacher at the College of Southern Nevada.

” $ This must frighten Republican politicians a bit,” Peplowski said.

Among Democrats, Lee is well known in Las Vegas charity and business circles, however is not a conventional political figure and it was necessary for her to make a strong early impression, Peplowski stated.

“She had to make a considerable splash with either cash or major recommendations in order to be provided trustworthiness entering into the 2nd half of this year,” $ he stated. ” $ I expect she is going to need to generate a minimum of another $200,000 to $300,000 in the next quarter to reveal she can keep that viability.” $ Lee gathered contributions from pc gaming market figures including MGM Resorts Chairman Jim Murren and his other half, Heather, and other MGM executives. She likewise got $2,500 from the political action committee of Caesars Home entertainment.

FEC records suggested a variety of Lee donors are not routine factors to political projects.

“That is her circle,” $ Peplowski stated. ” $ She is not a regular party person so she’ $ s generating cash that is brand-new to the table.” $ Kihuen, who ran for Congress briefly in 2012 however left in favor of fellow Democrat Dina Titus, revealed indicators of being establishment-favored. He gathered $2,000 apiece from U.S. Reps. Joe Crowley of New York and Xavier Becerra of California. Both are members of your home Democratic leadership.

Kihuen likewise is presumed to have the blessing of U.S. Sen. Harry Reid, the state’ $ s leading Democrat. His early donors include previous Reid aides, Reid political allies in Nevada and the senator’ $ s boy Rory.

Flores, who was the Democratic nominee for lieutenant guv in 2014, got early support from contributions outside Nevada, consisting of about $30,000 from donors in California, according to an evaluation of FEC records. Amongst her donors were star Eva Longoria and Tony Hsieh, chief executive of Las Vegas-based Zappos.

The Fourth Congressional District consists of most of northern Clark County, part of Lyon County, and all of Lincoln, Mineral, Nye, Esmeralda and White Pine counties.

Contact Review-Journal Washington Bureau Chief Steve Tetreault at [email protected]!.?.! or 202-783-1760. Find him on Twitter: @STetreaultDC.

Hardy failed to pay over $5 million in taxes, loans for his private companies

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Steve Marcus

Congressman Cresent Hardy, R-Nev., goes to a Memorial Day Event at Southern Nevada Veterans Memorial Cemetery on Monday, May 24, 2015, in Rock City.

Thursday, July 2, 2015|2 a.m.

U.S. Rep. Cresent Hardy, a freshman Republican from Mesquite, is thoroughly familiar with the green tufts framed by the craggy desert at his home town’s Falcon Ridge Golf Course. After all, in 2005, he developed the par-71, 18-hole course. An oasis of water and yard grown in a hardscrabble basin, it reflects Hardy’s passion, the region’s turbulent property market– and the lawmaker’s failure to pay his corporate taxes and company loans completely and on time.

After a Nevada district court in 2012 ruled that Hardy and business partners were unable to repay loans made by American Bank of the North to finance the course, they were forced to sell Falcon Ridge to a Utah-based LLC for $2.8 million to pay off their debt.

That was not the congressman’s only financial hardship. He and his partners have actually dealt with unpaid company financial obligation, including tax liens and personal bank loans, totaling more than $5.3 million, according to a search of public records by the Sun.

That figure does not consist of debts originating from a formerly reported $8 million bankruptcy that Hardy’s improvement business filed in 2012.

Although he attacked Niger Innis, his Republican primary opponent in 2014, over a similar record of unpaid business taxes, Hardy has actually never ever before accounted for the full scope of his own monetary difficulties.

Today, the congressman casts himself as a victim of the economic recession, but safeguards his record as an entrepreneur. “Any small-business owner knows that the decisions are difficult, the days are long, when company is down you simply do the very best you can,” Hardy stated in a statement to the Sun.

“The small-business environment knows exactly what it’s like to take the danger and develop tasks for others; it does not always exercise, however that willingness to try is part of what makes this nation– and Nevada particularly– so fantastic. With the advantage of hindsight, everybody might be more effective– however considering that we don’t have that luxury, we need to take our great experiences and our disappointments to assist shape who we are.”

The Falcon Ridge golf course is among at least five of Hardy’s companies with big tax liens or other monetary troubles– a record that begins prior to the economic downturn.

From 2004 to 2012, the Internal Revenue Service filed $212,603 in liens on Accuracy Aggregate Products, a company where Hardy had a 33 percent interest till 2013. That business likewise faced $69,212 in tax liens in 2003 submitted by the state of Nevada.

In addition, in 2002 and 2003, Nevada filed a $196,786 lien versus Noble Devices, in which Hardy had a 25 percent interest.

Another of Hardy’s companies, Heritage Construction and Advancement, dealt with problems paying back private financial obligations, settling a $2.1 million bill with Wells Fargo Devices Finance just 16 days after the congressman took workplace. Though Hardy offered his stake in the company to a partner in 2013, his name stayed on the civil case between the bank and Legacy.

In addition to the monetary troubles, Hardy’s records create him as a popular designer in Mesquite, a town with 16,000 individuals that when offered itself as a retirement community for Child Boomers.

His business have built an elementary school, a medical facility, a bridge and at least one road. In the aggregate, Hardy’s companies were the town’s seventh-largest taxpayer in 2011 and the eleventh in 2014. Deeds in the County Recorder’s Office show Hardy’s companies have actually been involved in more than $18 million in characteristic transactions over the past 15 years. 2 roads in the town– Falcon Ridge Parkway and Hardy Way– even intersect one another.

Lots of residents safeguard Hardy’s economic impact. Richard Secrist, development services director of Mesquite, said Hardy was involved in “much of the early advancement in Mesquite” and had a “significant impact on the community.” Secrist said Hardy’s business problems were caused by the economic crisis.

It had not been unusual for excavators to lie idle for weeks in skeletal construction tasks across the city, stated Leroy “Buck” Schaeffel, a property agent and former board member of the Greater Las Vegas Association of Realtors. He transferred to Mesquite in 2005, prior to the monetary collapse. He stated that Hardy was not alone in his problems. “It’s not unique to the congressman,” Schaeffel stated. “There are a great deal of people that got themselves into financial difficulty.”

In his very first 6 months in Congress, Hardy has made the area’s small-business community a top priority, hosting regional roundtables and workshops, functioning as chairman of a subcommittee on small-business investigations and sponsoring or helping to write four bills on the subject.

It’s a group that he’s depending on to help buoy him to victory in his proposal for a second term. He notched a long-shot triumph in the 4th congressional district versus one-term Democratic incumbent Steven Horsford, helped by historically low turnout from Democrats and a last-minute expense of almost $1 million from Karl Rove-backed Super PAC Crossroads GPS. “Hardy’s victory was the biggest upset in the entire country,” David Damore, associate teacher of political science at UNLV, said.

The congressman is most likely to face a sharp challenge from one of four stated Democratic candidates. According to Damore, Hardy will have an incumbency benefit and a larger fundraising network than in 2014, however, “other than that, it’s going to be difficult.”

Though previously Hardy has not publicly acknowledged the complete scope of his tax troubles, he’s never been shy about proclaiming his distaste for the Internal Revenue Service. After his election to Congress, Hardy tweeted on April 15: “After you strike send on your taxes, inform the IRS what you really think.”