This story makes it clear that there is no evidence tying McCaskill to her husband’s business success, but it sure is coincidental, isn’t it? How is it that so many people who go to Washington to represent the people end up becoming so wealthy?
Businesses linked to McCaskill’s husband get $131 million in federal dollars
Businesses tied to U.S. Sen. Claire McCaskill’s husband have been awarded more than $131 million in federal subsidies since the Missouri Democrat took office in 2007, an analysis by The Kansas City Star found.
Joseph Shepard’s personal income from his investments in those businesses has grown exponentially during his wife’s two terms in the Senate.
The federal payments don’t go directly into Shepard’s pocket. Most of the money goes toward operating costs for government-subsidized housing projects Shepard is invested in. Those companies then distribute the profits to Shepard and other investors.
In 2006, the year before McCaskill entered the Senate, her husband’s personal income from those investments was between $1,608 and $16,731, according to the senator’s financial disclosure forms.
In 2017, five years into McCaskill’s second term, Shepard personally earned between $365,374 and $1,118,158 from investments in housing projects that received federal subsidies, the disclosure forms show. Disclosure forms only provide ranges of income.
McCaskill is struggling for political survival in this year’s midterms. This report won’t help.