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"Over the years, Iraq has worked to develop nuclear, chemical and biological weapons. During 1991 - 1994, despite Iraq's denials, U.N. inspectors discovered and dismantled a large network of nuclear facilities that Iraq was using to develop nuclear weapons. Various reports indicate that Iraq is still actively pursuing nuclear weapons capability. There is no reason to think otherwise. Beyond nuclear weapons, Iraq has actively pursued biological and chemical weapons.U.N. inspectors have said that Iraq's claims about biological weapons is neither credible nor verifiable. In 1986, Iraq used chemical weapons against Iran, and later, against its own Kurdish population. While weapons inspections have been successful in the past, there have been no inspections since the end of 1998. There can be no doubt that Iraq has continued to pursue its goal of obtaining weapons of mass destruction." -- Patty Murray, October 9, 2002
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hillarynews
Joined: 24 Jan 2007
Posts: 2255
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 Posted: Sun Apr 06, 2008 4:00 am Post subject: Boy, That's Rich, Bubba! |
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 Boy, That's Rich, Bubba!
By Charles Hurt, NY PostBill and Hillary Clinton have earned a staggering $109 million since leaving the White House - fueled by the former president's lucrative paid speeches, books and business deals at home and abroad, according to tax returns released late yesterday.
Category: Commentary
By Charles Hurt, NY PostBill and Hillary Clinton have earned a staggering $109 million since leaving the White House - fueled by the former president's lucrative paid speeches, books and business deals at home and abroad, according to tax returns released late yesterday.The records give the most detailed glimpse yet of the one-man cottage industry that Bill Clinton has become since 2001.Among other revelations, the returns show he has pocketed about $15 million from a business arrangement with his friend Ron Burkle, a supermarket baron. The ex-president has also collected $8 million from foreign sources, although those are not specified in the returns.The records - for the years 2000 through 2006, with summary information on 2007 - indicate the Clintons have seen their yearly income skyrocket from $357,000 in 2000 to $20.4 million last year.The political pair paid $33.8 million in taxes between 2000 and 2006 on earnings from speeches, books, investments, his presidential pension, and her Senate salary, currently $169,300.Bill Clinton's pension has paid out more than $1.2 million during that period, and Hillary Clinton was paid a little more than $1 million in Senate salary.Since leaving the White House, Bill Clinton has been the family's primary breadwinner, banking a whopping $52 million from hundreds of speeches around the world and $30 million from two books he's authored.Hillary Clinton made more than $10 million from her books "Living History" and "It Takes a Village." She donated her "Village" income to charity/After taxes, the Clintons together pocketed a little more than $57 million over the last seven years.They also listed $10.2 million in charitable contributions.A summary sheet compiled by Hillary Clinton's presidential campaign says the Clintons paid 31 percent of their income in federal taxes, well above the 20.8 percent average paid by similar millionaires, according to the IRS.The power couple contributed to charity nearly 10 percent of their adjusted gross income, far higher than the 3.1 percent average for that income bracket, the campaign said.Hillary Clinton has been struggling to keep her presidential bid alive against front-runner Barack Obama. She released the six years of tax returns and information for 2007 - for which returns have not yet been filed - after months of pressure from political opponents and the press.Calls to disclose the information reached a fever pitch after Clinton loaned her campaign $5 million in January after nearly running out of money."The Clintons have now made public 30 years of tax returns, a record matched by few people in public service," Clinton spokesman Jay Carson said."None of Hillary Clinton's presidential opponents have revealed anything close to this amount of personal financial information."While some details of the Clintons' income have come out before, this is the most comprehensive snapshot of their wealth.But it is not complete, since it does not include the value of cash they hold, property they own or investments.Their assets have been estimated at somewhere between $10 million and $50 million, virtually all of it accumulated since leaving the White House.Despite leaving the White House with enormous legal bills, the Clintons are now debt-free.Paperwork released yesterday shows that Bill Clinton made roughly $15 million in profits from his investment deal with pal Burkle's Yucaipa companies since 2003. The biggest chunk of change came in 2005, when he made $5 million.The haul from Yucaipa in 2004 was $4 million. And in the past two years, 2006 and 2007, Bill Clinton netted a little over $2.6 million and $2.7 million, respectively.As for foreign sources of income, the biggest year for it was in 2006, when they made $6.1 million from sources outside the United States.Some of that money is reportedly from Bill Clinton's work advising Dubai on a ports deal - a political hot potato that created a headache for his wife.The year before, the couple netted $1.45 million from foreign sources.In 2006, Bill Clinton also took in $400,000 from InfoUSA, the company owned by Clinton pal Vinod Gupta.Clinton's payouts became controversial amid a lawsuit from shareholders accusing Gupta of wasting company funds to pal around with high-profile friends.Among the other items in the filings are a condominium in Chappaqua the Clintons bought in August 2003 and then sold in March 2004 for a $509,000 profit.It wasn't immediately clear what the condo was for, and aides didn't immediately respond to requests for information.In 2004, the Clintons also sold a residential property in Arkansas, their former home, for $143,620.The returns also show imputed interest on two separate loans to a "family member." It wasn't immediately clear what they were for."The loans to family members are personal; the Clintons are going to respect their family members' privacy," said Carson, the family spokesman.The Clintons both claimed a home-office deduction.They also deducted things like speechwriting for Bill Clinton, a home-office computer and printer, and a LexisNexis account. In 2001, the senator deducted $165 for Internet access.The Clinton returns show that 2002 was the last year they claimed daughter Chelsea, 28, as a dependent.Yesterday's release of Clinton tax returns - a common practice for candidates running for the White House - comes one week after Obama posted online his tax returns for 2000 to 2006.Obama reported earnings of just under $1 million last year, with half of that coming from his book, "The Audacity of Hope."
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Source: The Hillary Project
Description: reporting the news about Hillary that the media refuses to |
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