Friday, April 18, 2008

McCain faces claims of hypocrisy on income

Go to Financial Times original
John McCain on Friday faced accusations of hypocrisy for failing to disclose his wife’s tax records, despite his promise to bring greater transparency and accountability to government.

The Arizona senator declared income of $419,731 in 2007 – a fraction of the multi-million dollar earnings reported by his Democratic rivals Barack Obama and Hillary Clinton.

But the disclosure excluded his wife, Cindy, the heiress to a large Arizona beer distribution company, whose wealth is estimated at more than $100m (€63.5m, £50.2m).

Mrs Clinton and her husband, former President Bill Clinton, this month reported joint income of $20.4m for 2007, while Mr Obama and his wife, Michelle, declared $4.2m.


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