Republican lawmakers aiming to challenge U.S. Rep. Tom Suozzi have humorously given him a “savant” title due to a staggering 450% increase in his investment portfolio.
Greg Huck, a Republican contender, suggested that Suozzi deserved this unique moniker since his wealth has ballooned from $2.8 million to nearly $13 million over his seven years in office.
“It’s honestly quite miraculous. A 450% surge!” Huck commented, noting that Suozzi’s investments have outperformed even those of billionaire investor Warren Buffett during the same timeframe.
He further quipped, “With that kind of return, Tax Commissioner Tom could shrink the federal deficit by half in a decade. Just unbelievable!”
Based on Suozzi’s financial disclosure filed in May for 2024, his portfolio includes commercial real estate, a biotech startup, and various investments such as Treasury bills and the Suozzi Family Trust.
“My economic prayers have been answered,” remarked Haha, an Air Force veteran and lawyer challenging Suozzi in the upcoming general election.
Huck humorously mentioned, “Everyone recognizes that Mr. Suozzi wouldn’t possibly use his Congressional position for insider information—but that’s pretty concerning!” He went on to call Suozzi “the Mozart of mutual funds, the Shakespeare of stocks, and the Einstein of investing,” dubbing him the “American stock savant.”
Previously, Suozzi faced criticism for his delays in filing stock trades and other investments, raising issues related to the STOCK Act.
According to existing stock law regulations, Congress members are required to disclose financial transactions exceeding $1,000 within a month and must not take longer than 45 days for disclosures.
Huck mockingly suggested that Suozzi’s investment prowess should be imparted to the youth in the 3rd Congressional District, which encompasses Nassau County and Queens.
“It’s essential that, while kids need to grasp algebra, they also learn the distinction between regular investing and Tom the Taxman’s magical methods,” he added.
Huck affirmed that he would continue investing through blind trusts if elected.
Furthermore, Huck emphasized that Suozzi would “never utilize insider insights from his congressional role for personal gain,” albeit a touch sarcastically.
In response, Suozzi’s campaign team called out Huck’s fixation on the congressman’s financial success.
“Voters are weary of political antics,” stated Kim Devlin, Suozzi’s senior campaign advisor. “An inaccurate interpretation of the Freedom of Information report won’t distract from Congressman Suozzi’s commitment to bipartisan efforts aimed at reducing healthcare costs, addressing immigration issues, and making life more affordable.” She also noted that Suozzi supports legislation prohibiting Congress members from holding individual stocks.
Suozzi, previously the Nassau County executive, served in the Legislature from 2017 to 2022 before unsuccessfully running for governor in 2022. After a special election, he reclaimed his seat last year following the conviction of former Congressman George Santos (R), narrowly defeating Michael Lee Petri.
Huck criticized Suozzi last week for advocating higher federal income taxes on individuals earning over $400,000, coining him the nickname “Tom the Tax Man.”
