factivists dnc From Capital Soup

“Transparency”:

“The staging and packaging of this document dump was a sleight of hand aiming to distract from the disclosures themselves — the fact that Bush is very much a one-percenter who has aggressively monetized his family connections to amass significant wealth amid a recession — and from several bad business dealings with questionable associates that have already been well-chronicled.” – Politico, 06/30/15

“Bush’s transparency has limits. He would not commit to releasing more details about some of his consulting clients or several limited liability corporations he had created but has since resigned from.” – Tampa Bay Times, 06/30/15

“Bush excluded forms that would have disclosed the names of clients who paid him millions in consulting fees in the years since he left office. Victor Fleischer, a professor of tax law at the University of San Diego, said releasing only some tax information portrays a mixed message about how Bush earned his fortune.” – Washington Post, 06/30/15

“Bush and his campaign wouldn’t release a complete list of consulting clients, citing confidentiality agreements.” –Bloomberg, 06/30/15

Offshore:

“Bush also owned funds run by Abbey Capital LP that resulted in him filing tax forms that include addresses in Malta, the Cayman Islands and Bermuda. Investment funds often set up addresses outside the U.S. to help foreign investors limit their U.S. tax liabilities.” – Bloomberg, 06/30/15

“He also profited from investments in Abbey Capital Fund, which according to SEC forms is headquartered in the Cayman Islands and Malta, locales often used to avoid taxation.” – New York Post, 06/30/15

His “Own Man”?

“Bush’s financial successes coincided with two political events: his father’s election as president in 1988 and his own departure from office as Florida’s governor in 2007.” – AP, 07/01/15

“But suddenly, in 1990, the second year of George H. W. Bush’s presidency, Jeb’s income balloons. Not only was that his first year making six figures, but his income of $1.24 million also makes it his first seven-figure year. …After he’s back in the private sector in 2007, though, the real boom times begin. Now, Jeb’s brother is president of the United States, and Jeb is viewed as a future presidential contender himself. His income soars so much in these years, particularly starting in 2011, that it dwarfs those of earlier decades, topping out at $7.36 million in 2013, the most recent year available.” – Vox, 06/30/15

For more on this story go to: http://capitalsoup.com/2015/07/01/what-people-are-noticing-about-jeb-bushs-tax-returns/