McCain releases tax returns but leaves out rich wife's data | McClatchy Washington Bureau

×
Sign In
Sign In
    • Customer Service
    • Mobile & Apps
    • Contact Us
    • Newsletters
    • Subscriber Services

    • All White House
    • Russia
    • All Congress
    • Budget
    • All Justice
    • Supreme Court
    • DOJ
    • Criminal Justice
    • All Elections
    • Campaigns
    • Midterms
    • The Influencer Series
    • All Policy
    • National Security
    • Guantanamo
    • Environment
    • Climate
    • Energy
    • Water Rights
    • Guns
    • Poverty
    • Health Care
    • Immigration
    • Trade
    • Civil Rights
    • Agriculture
    • Technology
    • Cybersecurity
    • All Nation & World
    • National
    • Regional
    • The East
    • The West
    • The Midwest
    • The South
    • World
    • Diplomacy
    • Latin America
    • Investigations
  • Podcasts
    • All Opinion
    • Political Cartoons

  • Our Newsrooms

You have viewed all your free articles this month

Subscribe

Or subscribe with your Google account and let Google manage your subscription.

Politics & Government

McCain releases tax returns but leaves out rich wife's data

Margaret Talev - McClatchy Newspapers

April 18, 2008 04:33 PM

WASHINGTON — Republican presidential candidate John McCain released his two most recent tax returns Friday, but they don't provide a full picture of his wealth because they don't include his wife's income.

McCain, 71, reported earning $258,800 in taxable income last year and paying $84,460 in federal income tax. That income came from his salary as an Arizona senator, book royalties, Social Security and his Navy pension.

His 2006 figures were comparable: $215,304 in taxable income and $72,771 paid in federal income taxes, from the same sources.

Cindy McCain is the chairwoman of a huge Phoenix-based Anheuser-Busch beer distributorship, Hensley & Co., which her parents founded. She may be worth more than $100 million, according to some analysts' estimates.

The McCain campaign reported the couple's charitable contributions jointly at $210,933 last year.

Beyond that, the campaign said in a news release that "Senator McCain and Mrs. McCain have always maintained separate finances" and that Cindy McCain doesn't release her returns "in the interest of protecting the privacy of her children."

A majority of McCain's charitable contributions went to the John and Cindy McCain Family Foundation to be distributed to individual causes. Last year, those included $35,000 to groups that perform cleft-palate and other craniofacial surgeries for poor children, $25,000 to the HALO Trust, which clears mines from war-torn areas, and $4,000 to the North Phoenix Baptist Church.

McCain donates his book royalties and Senate salary increases to charity.

His income is far more modest than the amounts that his Democratic presidential rivals reported this year. Sen. Hillary Clinton, D-N.Y., and former President Clinton reported $20.4 million in 2007 income, while Sen. Barack Obama, D-Ill., and his wife, Michelle, reported $4.2 million, mostly from his book sales, which have benefited from his candidacy.

A McCain aide likened the refusal to release Cindy McCain's returns to that by Democratic presidential nominee John Kerry. In 2004, Kerry released his returns, but not those of his wife, Teresa Heinz Kerry, the wealthy widow of John Heinz, the ketchup heir and Pennsylvania senator.

(Steven Thomma contributed to this report.)

ON THE WEB

More on McCain's returns

Related stories from McClatchy DC

politics-government

What strikes you about the Obamas' tax returns?

March 27, 2008 05:09 PM

politics-government

Clintons earned more than $109 million after Bill left office

April 04, 2008 04:22 PM

Read Next

Congress

’I’m not a softy by any means,’ Clyburn says as he prepares to help lead Democrats

By Emma Dumain

December 28, 2018 09:29 AM

Rep. Jim Clyburn is out to not only lead Democrats as majority whip, but to prove himself amidst rumblings that he didn’t do enough the last time he had the job.

KEEP READING

MORE POLITICS & GOVERNMENT

Courts & Crime

Trump will have to nominate 9th Circuit judges all over again in 2019

December 28, 2018 03:00 AM

Investigations

Cell signal puts Cohen outside Prague around time of purported Russian meeting

December 27, 2018 10:36 AM

Congress

Lone senator at the Capitol during shutdown: Kansas Sen. Pat Roberts

December 27, 2018 06:06 PM

Elections

California Republicans fear even bigger trouble ahead for their wounded party

December 27, 2018 09:37 AM

Congress

Does Pat Roberts’ farm bill dealmaking make him an ‘endangered species?’

December 26, 2018 08:02 AM

Congress

Ted Cruz’s anti-Obamacare crusade continues with few allies

December 24, 2018 10:33 AM
Take Us With You

Real-time updates and all local stories you want right in the palm of your hand.

McClatchy Washington Bureau App

View Newsletters

Subscriptions
  • Newsletters
Learn More
  • Customer Service
  • Securely Share News Tips
  • Contact Us
Advertising
  • Advertise With Us
Copyright
Privacy Policy
Terms of Service