Saturday, May 16, 2015

Clintons Received More Than $25 Million From Speeches Since January 2014

At WSJ, "Campaign official says Hillary Clinton received more than $5 million from book ‘Hard Choices’":
WASHINGTON—Hillary and Bill Clinton earned more than $25 million in the past year and a half delivering more than 100 paid speeches, and Mrs. Clinton, the front-runner for the Democratic presidential nomination, collected more than $5 million from her book “Hard Choices,” an official for the campaign said Friday.

The Clinton campaign released the figures on the same day it filed a personal financial disclosure statement going back to the beginning of 2014, which it said is required by the Federal Election Commission. The information provided by the campaign was a preview of the full financial disclosure, which had yet to be released, and didn’t include the Clinton family’s total assets and liabilities.

The Clintons’ disclosed income since the beginning of 2014 would place them among the highest earners in the top 1% of the population. That is likely to serve as a reminder of the couple’s wealth, at a time when she is positioning herself as a champion of struggling middle-class families.

Earlier in May, Mr. Clinton, the 42nd president, said he would continue to give paid speeches. “I gotta pay our bills,” he told NBC News. “I work hard at this. I spend hours a day just doing the research. People like to hear me speak.”

The Clintons paid an effective federal income-tax rate in 2014 of more than 30%, the campaign official said. They also since early 2014 opened up a Vanguard mutual fund linked to the S&P 500 stock index, the couple’s only investment during this period, the official said.

Mr. Clinton said in the NBC interview that he gives 10% of his speech revenue “off the top every year” to the family’s charitable foundation and that Mrs. Clinton in the time she was at the foundation gave 17% of her proceeds.

Mrs. Clinton left the foundation after she announced her candidacy in April...
They're in the top 1 percent, but they're virtuous one-percenters, because they have the correct ideology.

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