The National Republican Congressional Committee is airing a new TV ad smacking Rep. Tom Malinowski (D-Ringoes) for a House Ethics Committee probe into his personal stock transactions and his votes to increase federal government spending.
The ad, “Out of Focus,” uses images under a microscope – including photos of the congressman — to review allegations that Malinowski profited off stock he purchased in companies who made money off the coronavirus pandemic. The two-term congressman has acknowledged late disclosures of dozens of stock trades and says he has paid a fine, although the amount has not been publicly disclosed. The Office of Congressional Ethics referred the matter to the House Ethics Committee in October 2021, but it remains unresolved. No decision is expected before Election Day.
Script: “(Narrator) Extreme liberal Tom Malinowski –under the microscope, under investigation for profiting off the pandemic. He bought or sold as much as a million dollars of stock in companies with a stake in COVID recovery. Malinowski profited. Look closer — Malinowski voted for trillions in new taxes and spending, sending inflation soaring. Malinowski even supported higher taxes on families and seniors. Tom Malinowski — out of focus for New Jersey. NRCC is responsible for the contents of this advertisement.”
Malinowski faces a hugely competitive rematch with Republican Thomas Kean, Jr., a former minority leader of the New Jersey State Senate. Two years ago, Kean came within one percentage point of winning the seat. New Jersey’s 7th district became more Republican after redistricting, but the U.S. Supreme Court’s decision overturning Roe v. Wade has enhanced the competitiveness of the election.
An internal poll released by the Malinowski campaign on Monday shows him tied with Kean at 48%-48%, with a 4.4% margin of error.
“New Jerseyans can’t count on Tom Malinowski to deliver for them because he is too focused on using his official office to benefit himself,” said Samantha Bullock, a spokesperson for the NRCC.