KC Star Highlights $131M in Federal Funding for Businesses Linked to McCaskill’s Husband KC Star Highlights $131M in Federal Funding for Businesses Linked to McCaskill’s Husband – NTK Network

KC Star Highlights $131M in Federal Funding for Businesses Linked to McCaskill’s Husband

The new report is going to raise a lot of questions in McCaskill's bid to retain her Senate seat.

By NTK Staff | 07.24.2018 @8:30am
KC Star Highlights $131M in Federal Funding for Businesses Linked to McCaskill’s Husband

Sen. Claire McCaskill (D-MO) is about to be in some hot water for her reelection campaign. A new report from the Kansas City Star finds that businesses tied to McCaskill’s husband have won more than $131 million in federal grants since McCaskill took office.

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.

The Star pointed out that the federal grants coming in to Shepard-related businesses has been tied to Shepard’s financial growth.

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.

Team McCaskill’s response? She isn’t involved with what her husband invests in.

The Star story will raise lots of questions for McCaskill’s reelection campaign, and it’s not even the only bad headline for the Missouri senator on Tuesday morning.

The Washington Free Beacon found that McCaskill “spent more than $3,000 to bring her private plane along with her on her campaign’s May RV tour through Missouri, her latest campaign filing shows.”

Read the full Star story here, and the full Beacon story here.

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