CBS 2 reported exclusively Friday night that Congressman Jesse Jackson Jr. might step down before the end of the year as part of a plea deal with federal prosecutors investigating possible misuse of campaign funds.
The elder Jackson was talking about jobs at the Saturday morning forum of his Rainbow/PUSH Coalition, but he wasn’t talking about the federal investigation centered around his namesake.
via CBS Chicago.
Jesse Jackson, Jr. Plea Deal to Include Resigning from Congress
The tentative deal includes:
–Jackson resigning for health reasons.
–His pleading guilty to charges involving misuse of campaign funds.
–The congressman’s repayment of any contributions that were converted to personal use, such as home furnishings, improper travel or gifts.
At least some jail time would appear to be inevitable for Jackson, the son of civil-rights icon Rev. Jesse Jackson Sr. and spouse of Chicago 7th Ward Ald. Sandi Jackson.
Webb was also involved in the high-profile political plea deal for the late Dan Rostenkowski, who pleaded guilty to converting a congressional postage allowance into cash for himself. Rostenkowski got 17 months in jail but kept his $126,000-a-year pension for the rest of his life.
The onetime chairman of the powerful House Ways and Means Committee died two years ago.
Jackson’s pension for 17 years in Congress would be between 65,000 and $80,000 a year, plus health benefits. But he’s only 47 and won’t be eligible for pension payouts until 62.
Jackson’s pension is also part of the current negotiations.