Vern Buchanan

Florida lawmaker stands to gain from tax law he shepherded

As Republicans streamed out of Washington in late January for their annual retreat, dozens of them headed to Union Station near the U.S. Capitol to catch a train to the luxury Greenbrier resort in West Virginia. Rep. Vern Buchanan wasn't among them. The Florida lawmaker made the short trip in his Embraer Phenom 300, an executive jet that costs around $9 million.

Already one of the wealthiest lawmakers on Capitol Hill, Buchanan could become even wealthier after he and other Republicans muscled a sweeping rewrite of the U.S. tax code through Congress late last year that includes breaks for the real estate and automobile industries that generate most of his income.