Real Estate

In 2004, Kerry Campaign Releases Spouse Returns: The only apparent example of a presidential candidate who files taxes separately then their spouse in recent history appears to be John Kerry, with Teresa Heinz Kerry filing separate returns then her husband. We presume that Cindy McCain and John McCain file separate returns, although since they have never disclosed their filings publicly, it is impossible to say for sure. In 2004, the Kerry campaign released her 1040 form when it was filed, having provided summary figures earlier in the year. [Boston Globe, 5/12/04; 10/16/04]
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Her Fortune And His Political Success Intertwined. According to the Associated Press “The McCains’ marriage has mixed business and politics from the beginning, according to an expansive review by The Associated Press of thousands of pages of campaign, personal finance, real estate and property records nationwide. The paperwork chronicles the McCains’ ascent from Arizona newlyweds to political power couple on the national stage. As heiress to her father’s stake in Hensley & Co. of Phoenix, Cindy McCain is an executive whose worth may exceed $100 million. Her beer earnings have afforded the GOP presidential nominee a wealthy lifestyle with a private jet and vacation homes at his disposal, and her connections helped him launch his political career — even if the millions remain in her name alone. Yet the arm’s-length distance between McCain and his wife’s assets also has helped shield him from conflict-of-interest problems.” [Associated Press, 4/3/08]

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