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What is Neera Tanden's net worth? Joe Biden budget pick who withdrew her nomination earns big as think tank CEO

Neera Tanden withdrew her nomination as Director of the White House of Management and Budget after facing a lot of backlash for her past social media behavior

In a major setback to US President Joe Biden and his administration, Indian-American Neera Tanden on Tuesday withdrew her nomination as Director of the White House of Management and Budget, after facing a lot of backlash from key political figures and senators for her old controversial public statements.

Tanden’s road to the office was not as smooth as she would have hoped for. The former government official had a tough time for the confirmation of her nomination due to her past social media behavior. Tanden attacked a plethora of politicians and lawmakers on social media in the past, including some of the members of her own Democratic party.

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The withdrawal comes after three senators decided to vote against her. Joe Manchin, Mitt Romney, and Susan Collins have publicly said that they will vote against her because of her controversial remarks on several lawmakers.

She is the first high-profile Biden nominee to withdraw her nomination. Eleven of the 23 Cabinet nominees requiring Senate approval have been confirmed, most with strong bipartisan support.

Tanden’s letter to President Joe Biden 

Tanden withdrew her nomination after writing a letter to the 46th president of the United States, thanking him and his team for doing all the hard work to confirm her nomination. She also said that it has been the “honor of a lifetime to be considered for this role and for the faith placed in me.”

She wrote: “I am writing to you to withdraw my nomination for Director of the Office of Management and Budget. I appreciate how hard you and your team at the White House have worked to win my confirmation.”

Tanden also noted that she doesn’t want her nomination to be a “distraction” for Biden and his team as she wants them to continue working for a better cause. She said, “Unfortunately, it now seems clear that there is no path forward to gain confirmation, and I do not want continued consideration of my nomination to be a distraction from your other priorities. I am incredibly grateful for your leadership on behalf of the American people and for your agenda that will make such a transformative difference in people's lives.”

President Biden has accepted her request to withdraw her name from the nomination and indicated that she might have an important role to play in his administration.

Bide said in a statement: “I have accepted Neera Tanden's request to withdraw her name from nomination for Director of the Office of Management and Budget. I have the utmost respect for her record of accomplishment, her experience and her counsel, and I look forward to having her serve in a role in my administration. She will bring valuable perspective and insight to our work.”

This is not the first time it has been revealed that Biden will find “some other place” for her to serve in the administration. Last week, White House chief of staff Ron Klain told MSNBC that they will offer her a place in the administration that “doesn’t require Senate confirmation.”

Klain said, “If Neera Tanden is not confirmed, she will not become the budget director. We will find some other place for her to serve in the administration that doesn't require Senate confirmation.”

What is Neera Tanden’s net worth?

Apart from being a seasoned political consultant, Tanden is also the president and CEO of the Center for American Progress, a public policy think tank. According to a report in GoBankingRates.com, Tanden has a net worth of more than $1 million. The report also claimed that her financial disclosures show a salary of $397,000 in 2018 as the head of the Center for American Progress. Her earnings with the organization are totaled more than $731,000.

Other than that, she earns a good additional income from speaking engagements. The report also suggested that she holds a certain amount of money in a retirement account and mutual funds.