Re: ~47~President Kamala D. Harris~47~
Posted: Fri Aug 09, 2024 8:24 pm
VP candidate's working class background:
Tim Walz's working-class cred: no stocks, no bonds, and he doesn't own a home
https://www.msn.com/en-us/money/markets ... dc724&ei=9
Tim Walz's personal finances are something of an anomaly in presidential politics: He has no investments. No bonds. No stock holdings. No real estate. And he does not currently own a home.
The limited financial portfolio of Walz, who Vice President Kamala Harris named Tuesday as her running-mate, speaks to the blue-collar pedigree that attracted Harris to the Minnesota governor and former six-term congressman.
Many presidents and vice presidents came from humble beginnings. Yet Walz's modest means as a candidate are drawing financial comparisons to President Harry S Truman, the working-class running-mate of Franklin D. Roosevelt in 1944, as perhaps the best comparison.
"In recent years, he stands out considerably. If you look at the folks who have been chosen as running-mates, they've been relatively financial secure," Mark Updegrove, a presidential historian and president and CEO of the Lyndon Baines Johnson Foundation.
"He has a far more prosaic background than any of the other candidates I can think of, with the exception of Truman, in the last 75 years," Updegrove said.
Similarly, Mike Pence had few investments and no significant mutual funds when he was elected in 2016 as Donald Trump's vice president and left his job as Indiana governor.
Related video: Tim Walz's 'rural roots and midwestern style really does broaden the ticket,' Democratic strategist says (CNBC) [see link]
Walz, 60, and his wife Gwen Walz reported earning $166,719 in 2022, according to a federal tax return that year, the couple's most recent tax filing made public. Most of the income, $115,485, came from Walz's salary as governor, while $51,234 was earned by Gwen Walz's salary as an educator, which she lists as business income. The couple paid $24,062 in federal income taxes.
The tax return is otherwise mostly bare: Line-items for IRA distributions, taxable interest and capital gains, for example, are all blank.
more ...
Working class background unlike so many elites in the RepubliCON party.
Tim Walz's working-class cred: no stocks, no bonds, and he doesn't own a home
https://www.msn.com/en-us/money/markets ... dc724&ei=9
Tim Walz's personal finances are something of an anomaly in presidential politics: He has no investments. No bonds. No stock holdings. No real estate. And he does not currently own a home.
The limited financial portfolio of Walz, who Vice President Kamala Harris named Tuesday as her running-mate, speaks to the blue-collar pedigree that attracted Harris to the Minnesota governor and former six-term congressman.
Many presidents and vice presidents came from humble beginnings. Yet Walz's modest means as a candidate are drawing financial comparisons to President Harry S Truman, the working-class running-mate of Franklin D. Roosevelt in 1944, as perhaps the best comparison.
"In recent years, he stands out considerably. If you look at the folks who have been chosen as running-mates, they've been relatively financial secure," Mark Updegrove, a presidential historian and president and CEO of the Lyndon Baines Johnson Foundation.
"He has a far more prosaic background than any of the other candidates I can think of, with the exception of Truman, in the last 75 years," Updegrove said.
Similarly, Mike Pence had few investments and no significant mutual funds when he was elected in 2016 as Donald Trump's vice president and left his job as Indiana governor.
Related video: Tim Walz's 'rural roots and midwestern style really does broaden the ticket,' Democratic strategist says (CNBC) [see link]
Walz, 60, and his wife Gwen Walz reported earning $166,719 in 2022, according to a federal tax return that year, the couple's most recent tax filing made public. Most of the income, $115,485, came from Walz's salary as governor, while $51,234 was earned by Gwen Walz's salary as an educator, which she lists as business income. The couple paid $24,062 in federal income taxes.
The tax return is otherwise mostly bare: Line-items for IRA distributions, taxable interest and capital gains, for example, are all blank.
more ...
Working class background unlike so many elites in the RepubliCON party.