Hillary Cannot Claim She is Flat Broke on Campaign Trial: Paid Herself $254,000


The summer of 2014 was a summer of irony as Hillary made the startling claim that “We came out of the White House not only dead broke, but in debt.”  Later, she said she regretted making that statement, her words have again come back to haunt her, as Payroll and Benefit payments, to the tune of $254,000, thus far have been paid to her during her campaign.  Certainly this is not what flat broke looks like.

Bill and Hillary Clinton are estimated to be worth over $100 million dollars combined, with Hillary’s net worth estimated around $30 million and Bill’s estimated around $80 million, according to previous reviews of financial disclosure reports.

While perusing the federal campaign finance records for Hillary Clinton, it became evident that she, since April of 2015, was drawing a very lucrative salary.

The campaign of Democratic presidential frontrunner Hillary Clinton has made payments totaling six figures to Clinton this election cycle, according to a review of its expenditures.

Federal campaign finance records reviewed by the Washington Free Beacon found that starting in April 2015, the month that Clinton launched her campaign, thousands in payments began flowing to the candidate. Clinton has previously claimed that she and Bill Clinton were “dead broke” when he left the White House, but the two have since amassed millions of dollars in wealth.

Once the story broke, the Hillary Campaign reached out, in an attempt to explain that these payments were ‘in-kind’ payments, though the record documents them in the ‘Payroll and Benefit’ category.

In-kind payments according to Federal Election guidelines state:

The candidate or campaign treasurer must agree to accept an in-kind contribution before
it is given. When the contribution is from an individual and its value is small, a verbal
agreement to accept it usually is sufficient. However, when another political committee gives the contribution, the campaign committee should obtain a written description of the contribution, its actual value and the date the contribution will be given from the political committee. Also, the campaign committee should agree to accept the contribution in writing.
It appears, under these rules that Hillary agreed to accept the large sums of money as an in-kind contribution, but it then was described as ‘payroll and benefit’ on the FEC report.
In 2015, her ‘in-kind’ payments were as follows:

In November 2015, when transactions resumed to Clinton, she pulled in a total of $32,811 from two separate payments. In December, another $56,514 was made to her name. In January 2016, $88,878 more was given. All told, payroll and benefits transactions to Clinton have totaled $254,447 since the launch of her campaign.

Moreover, some of these payments were shown to overlap with money given to Clinton Executive Services Corp., the private company set up by Hillary that oversaw the use of her private email server during her tenure as secretary of state.

For example, on December 12, 2015, $42,032 was given to Clinton, but this sum was transmitted to the corporation, according to a memo. A total of $98,588 in payroll payments to Clinton did not overlap with the corporation. These payments were made on April 14, 2015 and January 29, 2016.

It is legal for candidates to pull a paycheck from campaign funds, but the intention of the rule was to help candidates who have left their jobs to run for office and who are not well off, to have some source of income while campaigning.

Source: Free Beacon

 

 



Share

114 Comments

Leave a Reply

Pin It on Pinterest