Biden-Harris Campaign Promised to Eliminate the Very Tax-Advantaged Trust Harris Keeps Her Assets

Biden-Harris Campaign Promised to Eliminate the Very Tax-Advantaged Trust Harris Keeps Her Assets


On the campaign trail Biden and Harris tried to convince the American people that they would take better care of you and your family than can be done without them. The duo pledged to work with Congress to “eliminate the trust loophole in existing financial disclosure law.” Biden went a step further saying he would “require any member of his Administration who is a beneficiary of a discretionary trust disclose all of its holdings.”

He failed to add “unless you are my vice president.” That’s right, Fox News reports “Vice President Kamala Harris keeps assets in a tax-advantaged family trust, a move that appears to violate an ethics pledge she and President Biden made on the campaign trail.”

Harris’ financial disclosure form released Monday shows she has been a trustee of the KDH/DCE family trust since 2017. Fox reports “The trust’s assets ‘are not reportable,’ according to the filing, effectively obscuring some of the vice president’s holdings from public view.”

Fox explains that a family trust, or a living trust, provides tax benefits to married couples by allowing them to maximize their federal estate tax exemption and are “ideal for people that own real estate in more than one state and an excellent method of asset protection” according to a California law firm.

Fox Business reported Harris’ forms show that she and her husband donated only about 1.6% of their income to charity last year. Tax documents also show Harris and her husband reported an adjusted gross income of $1,695,225. President Joe Biden and first lady Jill Biden’s reported adjustable gross income was $607,336.

Surprise, surprise, the vice president’s office did not respond to Fox News’ request for comment as to why Harris “does not have to adhere to the pledge and report the assets held in the trust.”

While the holdings within the trust are unknown, “the current estimated combined worth of the real estate in the trust is $7.2 million.” Fox News reports Information on the properties as follows:

Washington, D.C. property records show that Harris and Second Gentleman Doug Emhoff used the KDH/DCE trust to purchase a luxury condo near D.C.’s Georgetown neighborhood in 2017. The condo is currently listed for sale on Zillow with an asking price of nearly $2 million.

The couple’s trust is also tied to San Francisco real estate. City property records list the KDH/DCE family trust as a grantee of a condo Harris purchased for $489,000 in 2004 when she was first elected attorney general in California. The loft’s value nearly doubled since that time, and it sold in March for $860,000, according to Zillow.

Harris and Emhoff also transferred a multimillion dollar Brentwood, California home into the vehicle. Emhoff purchased the home for $2.7 million in 2012. After they married in 2014, the home was then rolled into the trust. The Los Angeles property is estimated to be worth $5.2 million.

Kamala Harris Attacked Kavanaugh But is Silent With Cuomo Allegations


Many members from both sides of the aisle including Hillary Clinton and Nancy Pelosi, have weighed in when it comes to the allegations of sexual harassment against Gov. Andrew Cuomo, but VP Kamala Harris has been silent.

This puts Harris in a tough spot as she believed the women who had accused President Biden of inappropriate touching in the past and even used it against him in the presidential debates as well as interrogated Supreme Court Justice Brett Kavanaugh when he faced allegations from Dr. Christine Blasey Ford during his confirmation process.

Fox News reports:

“I believe them, and I respect them being able to tell their story and having the courage to do it,” Harris said about Biden’s accusers.

Now, in the wake of three women accusing Cuomo of harassment — two of whom worked for the governor at the time — Harris is silent while she holds the second highest office in the country.

Harris was a staunch critic of Kavanaugh and a supporter of Ford. She grilled the justice during his confirmation hearing, and then called for his impeachment after he had been confirmed to the Supreme Court.

“Christine Blasey Ford, who literally had nothing to gain by coming forward … she looked at the fact that this guy was being nominated and said, ‘the American people had the right to know what I know,’ and she was treated like a criminal,” Harris told MSNBC’s Rachel Maddow in September 2019. 

“So yes, I call for impeachment,” Harris continued. “I believe that is the clearest way for us to get an investigation of these allegations and we should open an investigation of these allegations.”

Pressure is mounting for Harris to speak up with even Hillary Clinton saying, “These stories are difficult to read, and the allegations brought forth raise serious questions that the women who have come forward and all New Yorkers deserve answers to.”

Pelosi has called for an independent investigation stating, “The women who have come forward with serious and credible charges against Governor Cuomo deserve to be heard and to be treated with dignity.”

 

 

Kamala Harris Promoted a Bail Fund That Won't Share Records of Alleged Criminals it Helped Spring From Jail


Kamala Harris promoted a bail fund that reportedly helped bail out many accused and convicted criminals. One being a convicted rapist and another an accused murderer.

Harris promoted the fund to help rioters get out of jail in Minnesota and around the country, the same rioters that left billions of dollars of damage in their wake, following the death of George Floyd.

Just the News reports:

Harris’s support for the organization amid the riots last year was one of the factors that helped the Minnesota Freedom Fund realize a reported windfall of tens of millions of dollars, a gargantuan increase over the group’s 2018 returns of around $100,000.

Yet the bail fund was mired in controversy over the summer due to reports that it had helped spring from jail multiple alleged violent criminals, including at least one individual with multiple rape convictions on his rap sheet.

A review by the Washington Post found that MFF helped bail out of jail one individual who allegedly shot at police officers during riots in Minnesota.

Local Fox affiliate KMSP, meanwhile, found that among those who received bail money from the MFF were also “a woman accused of killing a friend [and] a twice convicted sex offender.”

See the full story at Just the News.


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