Businesses Connected to Husband of Democratic Senator Rake in More Than $131M in Federal Dollars

Sen. Claire McCaskill (D-Mo.) is facing some serious questions after finance disclosures linked businesses affiliated with her husband to more than $130 million in federal dollars.

McCaskill’s husband, Joseph Shepard, saw his income grow rapidly during McCaskill’s time in office. 

According to The Kansas City Star, Shepard invested in government-subsidized housing projects that rewarded investors with shares of the profit.

Shepard was investing in subsidized housing prior to McCaskill’s election to the Senate, but according to McCaskill’s disclosure forms, he was only making between $1,608 and $16,731 from them during that time.

Today, Shepard is raking in anywhere from $365,374 to $1,118,158. 

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According to the report, there is “no evidence” that McCaskill is directly linked to any of the federal grants that her husband benefited from. She does not sit on any committee that oversees these housing investments. She has voted for some tax increases that would generate more subsidized housing while also voting against others.

Meira Bernstein, a spokesperson for McCaskill, told The Kansas City Star that McCaskill is not involved with Shepard’s investments.

“Her only concern when doing her job in the Senate is what is best for the people of Missouri,” Bernstein added.

However, according to the report, Shepard’s investments have received more federal dollars than average throughout McCaskill’s terms as a senator.

McCaskill’s financial success has been a topic of discussion during this campaign season, with many, including the president, pointing to her personal wealth.

All eyes will be on McCaskill during the 2018 midterm elections as Republicans look to pick up a Senate seat.

In 2016, Missouri overwhelmingly supported President Donald Trump. The senator also ranks toward the top of the lists when it comes to disapproval ratings.

Missouri’s August 7 primary will sort out who will be the Republican candidate to face McCaskill. The two front-runners are Missouri Attorney General Josh Hawley and former Libertarian presidential candidate Austin Petersen.

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