https://www.wsj.com/articles/mccaskill-and-the-swamp-1532467234
Who says newspapers are dying? The Trump newsprint tariffs aren’t helping, but daily journalism appears to be alive and well at the Kansas City Star, which performs a public service today in illuminating a lucrative area of the Beltway swamp. Specifically, the Star details the rising income from federally-subsidized investments enjoyed by the spouse of a U.S. senator.
“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,” reports the Star.
The newspaper details the surge in income for Ms. McCaskill’s husband, Joseph Shepard, as a result of his investments in government-backed housing projects. According to the Star:
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.
There’s no evidence that McCaskill played any part in directing federal funds to businesses affiliated with her husband.
The senator’s campaign tells the Star that she has nothing to do with her husband’s investments and the paper notes that he was investing in affordable-housing projects long before he met the senator, whom he married in 2002.But lately Mr. Shepard seems to have become much better at selecting such investments. According to the newspaper: