Saturday, October 4, 2014

Senator Kay Hagan's Husband Fleeces Stimulus Bill

It normally takes a couple of years for freshmen politicians to navigate the halls of Congress and understand that bodies functions.  Not so with Senator Kay Hagan.  She acted like a veteran from the get go.  So much so, her husband was able to acquire grants and tax credits from the vaunted Stimulus Bill.  The Politico reported the following:

When Kay Hagan voted for President Barack Obama’s 2009 economic stimulus package, the Democratic senator hailed it as “the best way forward for working families across North Carolina.”

One of the families that later benefited is her own.

JDC Manufacturing, a company co-owned by the Democratic senator’s husband, Chip, received nearly $390,000 in federal grants for energy projects and tax credits created by the 2009 stimulus law, according to public records and information provided by the company.

Chip’s business really took off after that.  But of course, Senator Kay Hagan had nothing to do with it.  Yeah, right.

Financial disclosure statements show that the Hagans’ income from JDC Manufacturing increased from less than $201 in 2008 to nearly $134,000 in 2013. Company representatives said higher rental income account for the uptick, not the stimulus-funded projects that were completed during that span.

In statement to POLITICO, the Hagan campaign said the senator did not help her husband win the federal funding and disputed any suggestion they have profited off the law.

Once she learned of her husband’s dealings, Hagan never involved herself in his efforts to obtain the stimulus grants, her campaign said. She consulted with veteran Democratic attorney Marc Elias over the matter, according to spokeswoman Sadie Weiner.

“Kay is not involved in her husband’s business and had no part in helping JDC apply for or receive these grants,” Weiner said. “Her only involvement was when she made sure that a respected ethics attorney was consulted to ensure that it was appropriate, and the attorney found that it was.

We all know how ethical North Carolina Democratic politicians are.

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