Companies Tied To McCaskill's Husband Reaped $131 Million In Federal Money Since 2007
WASHINGTON, D.C. —
Companies tied to Senator Claire McCaskill's husband Joseph Shepard were awarded more than $139 million in federal subsidies since McCaskill first took office in 2007, the Kansas City Star reported Tuesday morning.
The Star report says Shepard's personal income from his investments grew substantially since McCaskill took office, growing from about $1,600-$16,000 per year to $365,000-$1.1 million per year by 2017.
There is no sign that McCaskill directed any federal tax money to the companies, and there is no exact number of how much Shepard made because federal campaign disclosure forms show only ranges of income.
The federal tax money also did not go directly to Shepard, and came from the U.S. Department of Housing and Urban Development and the U.S. Department of Agriculture. McCaskill has not sat on committees overseeing either agency.
The McCaskill re-election campaign refused to give the KC Star any comment on the earning, saying that Senator McCaskill "has nothing to do with her husband’s business investments or how the money is awarded."
Meira Bernstein, McCaskill's campaign spokeswoman says, “her only concern when doing her job in the Senate is what is best for the people of Missouri."
Bernstein also downplayed Shepard's role with the companies, telling the Star that he is a limited partner who is not responsible for "day-to-day operations" with no say in how profits are distributed.
Shepard has invested in low-income housing since the 1970's, and is one of Missouri's top beneficiaries of a controversial state low-income housing program that has been found by state audits to funnel taxpayer money into developers' pockets for many years.
The projects tied to the companies in which Shepard invested were found to have been rewarded $62 million during McCaskill's first term, and $69 million during her second term.
A spokesman for Shepard's company refused to give the Star any exact numbers on how much he earned from the investments tied to the federal funding.
McCaskill is one of the wealthiest members of the U.S. Senate, and she has been attacked by Republicans for using her husband's private plane during the campaign. McCaskill and Shepard's net worth grew from approximately $13-26 million in 2006 to $31-37.5 million in 2017.