Kerry On Clearing The AirTeresa Heinz insists she doesn't have to show her tax return because it is an invasion of privacy. There is a long tradition of privacy, she says, because there is a long tradition of privacy. But they own a home together ... she paid cash for it and in December, 2003 he mortgaged it and loaned his campaign $6.4 Million from those proceeds. But the interest alone is $200,000 per year ... more than the $158,000 annually he gets as a Senator. The last time he disclosed his finances, Kerry had a net worth between negative $130,000 to positive $34,995. Yet, his campaign insists he will pay back the loan himself because "Sen. Kerry is a man who has considerable assets," spokesman Michael Meehan explains. He does? Then why did he mortgage his house at an interest rate that is more than he makes per year? Sen. Kerry has always maintained a policy of full disclosure. His words to his Senate opponent in 1990: "I think people want to know whether someone they possibly might send to Washington to represent them in the Senate is someone who pays their fair share of taxes,'" Kerry said. "Why is James Rappaport hiding his tax returns?" Kerry asked. "Why is it some people can live up to that standard and he can't? It seems to me that he ought to be able to release those returns and clear the air..." And then during the recent primaries: "As president, openness will be the hallmark of my administration, not some talking point... The highest office in the land requires the highest level of openness for the American people." Okay Senator ... who is paying your bills? |
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