Bankruptcy and conflict: One of California's tightest races is packed with financial baggage
Voters in a contentious congressional district in California’s San Joaquin Valley will choose next November between two candidates with significant financial issues, one stemming from a complicated network of now-dissolved businesses and the other from a now-bankrupt family business.
The same choice in 2018 resulted in the election of Rep. TJ Cox, D-Fresno. But voters at the time were less aware of his business issues, including his repeated failure to disclose all his business interests as required of a congressman.
Cox’s opponent, former Rep. David Valadao, a Republican from Hanford, had his family farm in the middle of bankruptcy proceedings in 2018. Since then, records show he’s failed to pay small businesses, workers and banks that have filed suit against the business and him in particular.
Fresno State political science professor Thomas Holyoke doubts both candidates’ financial histories will matter to voters.
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