Report: Businesses Tied to McCaskill’s Husband Get $131 Million in Federal Subsidies – IOTW Report

Report: Businesses Tied to McCaskill’s Husband Get $131 Million in Federal Subsidies

Wednesday, 25 July 2018, 17:45 MJA Uncategorized 13

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Businesses with ties to Sen. Claire McCaskill’s (D-MO) husband have received $131 million in federal government subsidies since McCaskill’s election to the Senate in 2007, according to a report released Tuesday.

The Kansas City Star reported that McCaskill’s husband, Joseph Shepard, had personal income from investments in federally-funded housing projects receiving money from the Department of Housing and Urban Development (HUD) and the U.S. Department of Agriculture (USDA) that grew exponentially after McCaskill took office in 2007.

In 2006, the year before McCaskill became a senator, McCaskill’s husband reported making between $1,608 and $16,731 from these investments. In 2017, five years into McCaskill’s second Senate term, Shepard reported earning between $365,374 and $1,118,158 in personal income from his investments.

There is no direct evidence that McCaskill is influencing her husband’s investments. McCaskill does not sit on Senate committees that have oversight over USDA or HUD, but she has voted for spending bills that favor federal affordable housing programs.

Shepard has invested in affordable housing projects since the 1970s and has seen his investments in those projects skyrocket over the years. The projects Shepherd invested in got $62 million worth of federal money during McCaskill’s first Senate term and $69 million in her second term.  read more

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