July 14, 2004

"IF JOHN KERRY WINS the presidency, his household will be the richest ever to occupy the White House. Kerry's wife, Teresa Heinz Kerry, controls a vast fortune estimated by a Los Angeles Times study to fall somewhere between $900 million to $3.2 billion. Through a series of entirely legal maneuvers, Kerry is attempting to conceal from American voters the full extent of his wife's wealth and her corporate holdings � and the fact that she apparently manages to pay a remarkably small amount of taxes .. Legitimate concerns extend beyond wondering just how rich Mrs. Kerry really is, and whether she paid her fair share of taxes. There are also questions about power, influence, and conflict of interest .. Already Kerry's economic proposals seem tuned to serve his wife's economic interests. His proposal last March to end tax breaks for U.S. corporations that do business overseas was designed with a loophole that would let the H. J. Heinz Company � the centerpiece of Mrs. Kerry's family fortune � keep its overseas tax breaks, and get a lower domestic tax rate at the same time .. ". MORE Donald Luskin -- "Teresa Heinz Kerry & Taxable Income". Posted by Greg Ransom | TrackBack