Sunday, April 20, 2008

McCain releases his tax returns — not hers

The disclosures from 2006 and 2007 indicate that he spent most of his own income, suggesting that Cindy McCain funds their lifestyle. The campaign cites privacy concerns in not releasing her data

Go to Los Angeles Times original
Sen. John McCain reported income of $405,409 last year, but the money he spent on charitable contributions, wages to household staff, alimony and taxes ate up most of that -- showing how his wife, Cindy, helped support a wealthy lifestyle.

McCain on Friday released his 2007 and 2006 tax returns, but not those of his wife, whose income from ownership of a beer distributor far exceeds $1 million, according to financial disclosure statements filed previously in the Senate.
McCain, the presumptive Republican presidential nominee, has never before released his tax returns. Outside groups estimate the McCains' combined wealth to be between $28 million and $100 million.

Democratic presidential contenders Sen. Hillary Rodham Clinton and Sen. Barack Obama filed joint returns with their spouses, providing a clearer picture of their finances. Those returns, dating to 2000, were recently released.

"John McCain's lack of transparency is troubling and raises questions about what he's hiding," Democratic National Committee Chairman Howard Dean said in a statement Friday.


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