A Senator running for reelection in Missouri has been hit with allegations that her husband is storing investment money in an offshore bank account in order to evade taxes.
“Joseph Shepard’s investment in Matrix Capital Management has earned him between $230,000 and $2.1 million in income since he first invested in 2013, according to McCaskill’s financial disclosure forms. Such forms only show a range of income,” said a Kansas City Star article.
Shepard is the husband of Democrat Sen. Claire McCaskill of Missouri.
According to the report, Shepard has invested $1 million in a hedge in the Cayman Islands, a “notorious tax haven.” The capital gains tax in the Caymans is much lower than the income tax rate paid by the ordinary American citizen.
Campaign finance law mandates that candidates for office must declare the income of spouses.
McCaskill co-sponsored the 2009 Stop Tax Haven Abuse Act, but has declined to release her tax returns until later this year. She will not release Shepard’s tax returns. The bill, which was not passed, targeted the Caymans among countries and would have subjected income earned there to be taxed at the same rate as U.S. Corporations.
“Secretive hedge funds seek outsized profits and are open only to the ultra-wealthy, who are considered sophisticated investors and can withstand big losses,” said the report. “These funds do not have to disclose their investors to regulators.”
So far, mum is the word from McCaskill’s office.
“Claire does not make decisions on public policy based on what’s best for her husband; she makes decisions based on what is best for the people of Missouri,” Meira Benstein, a McCaskill campaign spokesperson told the Kansas City Star.
Big League Politics reached out to McCaskill’s office, but they refused to comment.
TROLLED: Pelosi For Prison Banner Flown Over Her San Francisco District
It calls for Pelosi to be locked up for her “crimes against America.”
Liberals in San Francisco were immediately triggered Thursday morning by the sight of an impossible-to-miss 25-foot by 80-foot “Pelosi for Prison” banner flying in the spy upon the left-wing stronghold.
Her lawlessness, ignorance and corruption have gone on for too long!
— DeAnna for Congress🇺🇸vs Nancy (@DeAnna4Congress) February 6, 2020
The banner, paid for by House Speaker Nancy Pelosi’s Republican opponent, DeAnna Lorraine, directs those who see it to a petition, located at PelosiForPrison.co, which calls for Pelosi to be jailed for her “crimes against America.” With the banner coming just a day after President Donald Trump’s acquittal in the Pelosi-driven impeachment hearings, it is a sign that some conservatives are moving off of the defensive, and instead focusing on offensive attacks against left-wing figures like Pelosi.
Speaking with Big League Politics, Lorraine states that the banner was a part of her plan to expose Pelosi’s record while in the Congress, along with her “egregious crimes against America.”
“I am running for Congress to clean out the corruption that is Nancy Pelosi. Instead of caring for the people of
San Francisco and advancing their issues on a national scale, she spends her time conducting asinine
impeachments and investigations that amount to absolutely nothing” said DeAnna. “It’s past time we start
hitting her hard on her record of poor leadership and egregious crimes against America, and I look very much
forward to retiring her in November.”
This banner definitely gets that message across, and surely has Nancy Pelosi shaking with rage.
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