Mike Pence's brother plans to run for Congress

Greg Pence, one of Mike Pence’s older brothers, has filed a tax document indicating he will seek the eastern Indiana congressional seat that the vice president and former governor represented for 12 years.

He formed the Greg Pence for Congress Committee on Monday, according to a filing with the Internal Revenue Service that was obtained by The Associated Press.

Greg Pence, who once ran the family’s now-bankrupt chain of Tobacco Road convenience stores, previously said he had been courted to run for the district, which covers a broad swath of central and southeastern Indiana, including Muncie and Columbus.

As the vice president’s brother, he is likely the hands-down favorite to win in the overwhelmingly Republican district. He has a famous name, owns an antique business in the area and even bears a striking resemblance to his brother, with a close-cropped head of white hair.

It’s likely he will also be able to tap into the same fundraising network his brother enjoyed in the state — if not nationally.

Bob Grand, a major Republican fundraiser and powerbroker in Indiana politics, previously told the AP that Greg Pence would be an ideal candidate.

“He’s a community leader, he’s been involved in this community, he’s obviously got good name ID. I think all those things are positive,” Grand said in June when Greg Pence’s name was first floated as a possibility.

Greg Pence lives in Columbus, Indiana. That’s the same town the family grew up in after the Pence’s father, Edward, relocated from Chicago and later built a gas station empire.

Greg Pence eventually took over the company, Kiel Brothers Oil Co., from his father. But the business, which operated a chain of convenience stores under the name Tobacco Road, went bankrupt under Greg Pence’s watch in 2004.

That wiped out more than $673,000 of Mike Pence’s net worth, according to Pence’s 2006 tax filings, which he has publicly released.