Thread: Moscow Mitch
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Old 08-01-2019, 07:50 AM   #8
The Dad Fisherman
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https://checkyourfact.com/2019/01/27...th-27-million/

"McConnell’s wealth has increased dramatically over the last decade or so. OpenSecrets estimates that in 2006, McConnell’s net worth was somewhere between $2.3 and $8.5 million. The increase is often attributed to an inheritance Chao received after the death of her mother in 2007. The gift was valued at somewhere between $5 and $25 million, according to McConnell’s financial disclosure report for 2008."

https://www.washingtonpost.com/news/...=.4f6ac848681c

"So what happened in 2008? His financial disclosure form tells the story—suddenly there appeared a tax-exempt money market fund, valued at between $5 million and $25 million, listed as a “gift from a filer’s relative.

Indeed, a McConnell spokesman confirms that this was an inheritance for McConnell’s wife, former Labor Secretary Elaine Chao, after her mother died in 2007. Chao, who married McConnell in 1993, earns significant income on her own, serving on corporate boards, and has at least $1 million in a Vanguard 500 Index Fund. (Since these shares are in her name, McConnell only needs to report they have a minimum value of $1 milllion.)"

https://www.factcheck.org/2014/10/gr...-on-mcconnell/

"The ad also paints McConnell as “a multimillionaire who voted repeatedly for pay raises for himself and other senators.” But the ad is cherry-picking, ignoring other votes McConnell has cast to prevent automatic pay increases for members of Congress. And the fact that McConnell is a multimillionaire has less to do with his congressional pay and much more to do with his wife’s money."

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