Vice President Kamala Harris keeps assets in a tax-advantaged family trust, a move that appears to violate the ethics pledge she and President Biden made on the campaign trail.
According to Harris’ financial disclosure form released Monday, she has been a trustee of the KDH/DCE family trust since 2017. The trust’s assets “are not reportable,” according to the filing, effectively obscuring some of the vice president’s holdings from public view.
What is so hypocritical is that she had vowed on the campaign to work with Congress to eliminate this very loophole.
The trust is inconsistent with Biden and Harris’ campaign plan to crack down on such vehicles once in office. Biden and Harris pledged to work with Congress to “eliminate the trust loophole in existing financial disclosure law,” and Biden said he would “require that any member of his Administration who is a beneficiary of a discretionary trust disclose all of its holdings.”
According to reports, Harris could be hiding as much as 7 million dollars in real estate assets inside of the trust.
While Harris obscures holdings within the trust, some of its assets can be gleaned from public sources from areas in which the vice president has lived.
The current estimated combined worth of the real estate in the trust is $7.2 million.
Whoops! There is is…
According to listing services and property records cited by the Journal, Harris’s condo at the Westlight complex in the District’s West End neighborhood went on the market Monday for sale for $1.995 million. Records show that Harris paid approximately $1.775 million for the condo in 2017.
In March, Harris sold her San Francisco apartment for $860,000, the Journal reported, significantly more than the $489,000 she paid for it in 2004.
https://thehill.com/blogs/in-the-know/in-the-know/546651-harris-puts-dc-condo-up-for-sale
The FBI is investigating what it calls a massive scheme to illegally finance Sen. Susan Collins’ 2020 reelection bid, Axios has learned.
https://twitter.com/nycsouthpaw/status/1394766712554262531?s=20