McCain Hiding Family Income, Assets from American Public

CNN has the story:

John McCain and wife Cindy do not file joint tax returns, and the campaign said Friday they will not release her 2006 and 2007 tax returns along with the candidate's.

[...]

An heiress to her father's stake in Hensley & Co. of Phoenix, Cindy McCain's worth has been estimated to be around $100 million.

Thus this is what we get today from the Associated Press:

Republican presidential candidate John McCain earned a total of $405,409 last year and donated a quarter of it to charity, according to tax returns that provide only a partial picture of his family's enormous wealth.

Back in 2004, then-Republican National Committee chairman Ed Gillespie excoriated John Kerry in the media as a result of the presumptive Democratic nominee's similar decision not to publicly release information on his wife's substantial assets -- so we can assume that he will hit McCain for doing the same thing this year, right? I'm not holding my breath. (Update [2008-4-18 13:47:17 by Jonathan Singer]: In fact, Heinz Kerry did release a portion of her 2003 returns during the 2004 campaign.)

But if McCain believes that he can get through this campaign while continuing to shield from the public information on his life and his background -- the massive assets available at his disposal, his all-too-close relationships with lobbyists, his role in the Keating 5 scandal -- he is sorely mistaken. While I don't expect the establishment media, with whom McCain is overly cozy, will truly call him on these issues -- McCain effectively admitted this week that he expects the media to carry his water in order to get his message out -- do not think for a moment that McCain will not be hit over and over again, in the progressive media as well as in paid media (i.e. television advertisements, direct mail, etc.), for his clear unwillingness to be open and honest with the American people.

Tags: John McCain (all tags)

Comments

9 Comments

Re: McCain Hiding Family Income

Thanks for bringing up our common enemy!

by SurfCityDEM4Life 2008-04-18 10:02AM | 0 recs
His Republican base will ADMIRE him for that...

Its like a religion for them. They often consider themselves above the law.

IMO, most normal folks who have to work for a living think its evil for the rich to structure their lives around protection from liabilities (things that they were theoretically supposed to be responsible for!)  and tax avoidance.

(Or asset protection strategies as they would call them.)

by architek 2008-04-18 10:54AM | 0 recs
Re: McCain Hiding Family Income

it's the same old hypocrisy from McSame...

by zerosumgame 2008-04-18 08:21PM | 0 recs
Re: McCain

The media sure loves them some McCain. Hey, I brought you your favorite doughnuts - with sprinkles!

by madamab 2008-04-18 10:22AM | 0 recs
Re: McCain Hiding Family Income, Assets from Ameri

This is absurd.  McCain is far more reliant on his spouse's wealth than either Democratic candidate.  H needs to disclose it.

Other fun fact from the story: McCain is triple-dipping from the federal government---pension (about 58k/year), Senate salary (158k a year I think) and Social Security (28k/year).

I chuckled a bit at the Social Security thing, it makes sense of course, but it really makes you go "man, that guy is OLD."  

by bosdcla14 2008-04-18 10:25AM | 0 recs
A lot of people who work for the government are..

otherwise, they could not afford to do government work.

It doesn't pay well at all. I think they do that intentionally, so, for example, the diplomatic corps ends up having a lot of people from rich families who don't care so much what they make at their jobs.

I think we should pay career civil servants wages that are at least 70-80% of what they would make in the private sector. And GOOD benefits.

These days, as I've mentioned elsewhere, many civil servants can't even afford to buy the better health insurance that they get offered through work. They have to choose the cheap plans.

Thats why I think the Obama people who think that they will be able to afford to buy the same kind of insurance Senators get seem ridiculously naive to me. How much do they think the government pays so Senators can get that? Nothing?

No - A LOT.

by architek 2008-04-18 11:01AM | 0 recs
I meant to say..

A lot of people who work for the government at high levels are RICH..

by architek 2008-04-18 11:02AM | 0 recs
Senators don't have to pay for their travel-right?

They get reimbursed - I'm gathering..

Does anyone know how it works?

Their staffs are on a separate payroll, right, civil servants, but appointed, so its by term, right?

How do they handle insurance for them? Is there any reference how this is all done in government?

by architek 2008-04-18 11:14AM | 0 recs
When Obama is the nominee

we can finally get around to the business of tarring and feathering this horrific old geezer and give Obama the biggest mandate in the last several decades.

by ReillyDiefenbach 2008-04-18 10:35AM | 0 recs

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