More Info on Financial Disclosures: Clinton, McCain, Romney All Rolling in Cash

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We blogged a while back about the financial disclosures of many of the candidates, noting that some folks — including Romney, McCain, and Clinton — were granted extensions in filing their paperwork. We now have more information.

Hillary Clinton and Bill Clinton have assets valued from $10 million to $50 million (the massive window is a product of FEC rules) with the former president raking in speaking fees of more than $10 million in just the last year. The bulging bank account comes after the pair left the White House with millions in debt from legal fees. Two days ago I hit Senator Clinton pretty hard for being the “Big Money” candidate in the Democratic primary, so it’s worth noting that she’s made a bid for some financial transparency — along with Bill, she has liquidated a family trust worth between $5 million and $25 million that had investments in oil and pharmaceutical companies, military contractors, Wal-Mart, and FOX News parent company News Corp. The cost of avoiding future conflicts of interest (and being hit for investing in decidedly non-progressive entities) is substantial, because of capital gains taxes the Clintons will have to pay.

Elsewhere, filings showed that the McCain family has $24.3 million in assets, almost all held by Cindy McCain and the McCain children. Cindy McCain controls an Anheuser-Busch distributorship in Arizona that is said to be among the largest in the nation.

And former Bain executive Mitt Romney is worth the most out of the bunch, with assets totaling $190 million to $250 million. Yahtzee!

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DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily crazy—Mother Jones' journalism is driven by one simple question: Will America will move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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