Matt Gaetz In Trouble After Failing To Disclose His Pathetic Book Sales

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Republican Congressman Matt Gaetz was forced to file an amended financial disclosure return after he conveniently forgot to report the royalties that he made off his book "Firebrand" last year. But the new forms showing the correct amount of royalties is only raising more questions about his book deal, which is incredibly generous for a publishing company, and it has now caught the attention of ethics experts. Ring of Fire's Farron Cousins talks about this latest controversy surrounding Gaetz.

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*This transcript was generated by a third-party transcription software company, so please excuse any typos.

Republican Congressman Matt Gaetz might be an even more trouble than he's already in because of his failure to disclose $25,000 that he received in book royalties from a book he published last September called, Firebrand. Now three days after these financial disclosure forms were due, he did file an amended return and he said, oops, totally forgot to mention, my bad, that I made $25,000 from my book Firebrand last year. And because he filed the amended return, he is actually not likely to get punished for any of this, even though it's a violation of the House rules, but you know, nobody ever actually gets in trouble for this crap, which is why it continues to happen all the time. But here's the thing. New reports show that Matt Gaetz amended filing actually just raises more questions than it answers because sure, it shows that he got $25,000 in royalties from his book after paying 30% of the total money he got to his publicist.

So his net was $25,000, but it turns out the terms of the book deal are also a little questionable. And by the way, before I get into those terms, it is important to know that the terms of these book deals have to be approved by the House Ethics panel, because you cannot apparently, and I didn't know this until I started researching this. You can't just go out as a member of Congress and say, hey, I'm writing a book. Here. All right, give me lots of money. No, no, no. There are rules that you have to follow. You have to get approval for the terms of the deal, for everything along the way, so that they can make sure the House Ethics group, that everything is on the level. And Matt Gaetz's book deal is now starting to raise a couple of red flags because unlike pretty much anybody else, Matt Gaetz worked out a deal where he got 60% of the profits off the book, 60%. usually an author going through a major publishing house, which Matt Gaetz did, doesn't even get half of that. So that's a little bizarre.

What's also bizarre is that Matt Gaetz, as grandiose as he is, apparently barely sold any books. In spite of the fact that he got endorsements from Donald Trump Jr., Donald Trump, Sean Hannity, because look at it this way. If he got 60% of the profits, okay, and of course he put 30% of his own to his publicist. So his net was $25,000. That would mean that total book sales from September through the end of December was $59,500. Matt Gaetz may have, and this is just my theory, hidden his book royalties from his financial disclosure forms because he didn't want anybody to know how pathetic his book sales were. That's why we didn't know the terms of the deal beforehand. That's why he failed to disclose it because you only made $59,000 off a book that it was selling for $27 a pop. I think you can actually now find it on Amazon for less than $10 a piece. That is pathetic. That's pathetic, especially considering, as I mentioned, these people with millions and millions of followers across the country, telling people go buy Matt Gaetz's book, and they just looked at it and said, no, no, I don't want it.

So, wow, Matt, you're definitely not as popular as you'd like to think you are.