TARGET 8 Fact Check: Ad claims McCaskill cares more for family than Missouri

4 months 1 week 2 days ago Monday, October 08 2018 Oct 8, 2018 Monday, October 08, 2018 4:59:00 PM CDT October 08, 2018 in Target 8
By: Mercedes Mackay, KOMU 8 Reporter
loading

COLUMBIA - A recent attack ad on Sen. Claire McCaskill, D-Missouri, claims the senator has built a money machine over her 12 years in Washington.

The Senate Leadership Fund, a Republican Super PAC aligned with Senate Majority Leader Mitch McConnell, is responsible for the ad.

The PAC pulled its information from multiple articles that appeared in the Kansas City Star and The Washington Free Beacon in June and July. KOMU 8 News found the ad lacks context with each claim.

According to OpenSecrets.org, the Senate Leadership Fund has spent $8 million attacking McCaskill in the 2018 election cycle. 

Claim: McCaskill and her husband earn up to $22 million personally.

The Senate Leadership Fund pulled this information from a Washington Free Beacon article. MediaBiasFactCheck.com says the Free Beacon has a right leaning bias.

According to the Kansas City Star, Shepard earns between $300 thousand and $1 million from investments in housing projects that receive federal subsidies. 

All together, it is a range between $5 million and $22 million. 

Result: We found this claim needs context. 

The figures are not in question, but the implication McCaskill and Shepard personally earn millions from the subsidies is false. 

Claim: Shepard put $1 million in a Cayman Islands Fund, an offshore tax haven. 

The Kansas City Star reported Shepard invested $1 million in a hedge fund tied to the Cayman Islands. 

In the article, it said Shepard has received between $230,000 and $2.1 million from his investment in Matrix Capital Management. It received this information from McCaskill's financial disclosure forms. 

Result: We found this claim needs context. 

The forms show the Matrix Capital Management location is in Waltham, Massachusetts. This U.S.-based fund goes into a "master fund" in the Caymans and that makes the actual investments. 

According to the Associated Press, this structure is common and legal for hedge funds. 

If Shepard declares his investments on his taxes, he does not receive much of a tax haven. These specific profits would be a matter of capital gains tax in the United States. 

Claim: McCaskill pulled her name from a bill targeting these tax havens. 

The Senate Leadership Fund received this information from another Washington Free Beacon article

The bill it refers to is the Stop Tax Haven Abuse Act, which cracks down on offshore investments. 

In the article it references congressional records that show McCaskill was one of the five co-sponsors of the bill in 2009. These same records show her name was absent when the legislation was reintroduced in 2011, 2013, 2015 and 2017.

Result: We found this claim to be incomplete. 

McCaskill's campaign team said, when a new Congress begins, every bill starts from scratch. Her name not being on the bill does not mean she does not support the legislation. 

McCaskill's campaign team said she is still in favor.

Claim: McCaskill's husband's businesses receives taxpayer funded subsidies. 

KOMU 8 News has fact checked this before.

According to analysis by the Kansas City Star, it shows the companies did receive $131 million during McCaskill's first two terms. 

However, Joseph Shepard, McCaskill's husband, does not receive these millions directly. He only receives a share of the products because he is a limited partner in the ownership companies.

Result: We found this claim needs context. 

The figures are correct, but Shepard does not decide how to use the money. 

Overall Assessment

FactCheck.org, the Associated Press and the Kansas City Star articles show that all of the claims need context.

McCaskill's campaign team responded with its own fact check and said "these attacks are 100% false."

The campaign of McCaskill's opponent, Missouri Attorney General Josh Hawley, said, "Missouri should reject McCaskill for caring more about her lavish lifestyle than she cares about middle class families."

More News

Grid
List
COLUMBIA - It's been 50 years since a historic moment occurred on MU's campus Community members met Saturday... More >>
3 hours ago Saturday, February 16 2019 Feb 16, 2019 Saturday, February 16, 2019 10:41:00 PM CST February 16, 2019 in News
OXFORD, MISS. - The Missouri Tigers fell short in Saturday's game against Mississippi, losing 75-65. The Tigers made the... More >>
3 hours ago Saturday, February 16 2019 Feb 16, 2019 Saturday, February 16, 2019 10:03:00 PM CST February 16, 2019 in Sports
COLUMBIA - City plow crews are continuing to clear snow covered streets as they prepare for more winter weather overnight.... More >>
4 hours ago Saturday, February 16 2019 Feb 16, 2019 Saturday, February 16, 2019 9:08:00 PM CST February 16, 2019 in News
STURGEON - A judge ordered the city of Sturgeon to reinstate Greg Halderman as its police chief, according to court... More >>
8 hours ago Saturday, February 16 2019 Feb 16, 2019 Saturday, February 16, 2019 5:05:00 PM CST February 16, 2019 in News
COLUMBIA - One person is dead after a pair of crashes Saturday afternoon. Jordan E. Hoyt, 37, died after... More >>
9 hours ago Saturday, February 16 2019 Feb 16, 2019 Saturday, February 16, 2019 4:29:00 PM CST February 16, 2019 in News
JEFFERSON CITY - Gov. Mike Parson and First Lady Teresa opened up the grounds of the Governor's Mansion on Saturday... More >>
9 hours ago Saturday, February 16 2019 Feb 16, 2019 Saturday, February 16, 2019 4:13:00 PM CST February 16, 2019 in News
COLUMBIA – Money raised at the 14 th annual Rootin’ Tootin’ Chili Cookoff on Saturday afternoon will benefit the Columbia... More >>
10 hours ago Saturday, February 16 2019 Feb 16, 2019 Saturday, February 16, 2019 3:42:00 PM CST February 16, 2019 in News
COLUMBIA - Even with slick sidewalks and snowy roads, runners still showed up for Mizzou's Rockin' Against Multiple Sclerosis 5K... More >>
11 hours ago Saturday, February 16 2019 Feb 16, 2019 Saturday, February 16, 2019 2:54:00 PM CST February 16, 2019 in News
(CNN) -- Sixty-three more people have been infected with salmonella linked to raw turkey products in an outbreak that began... More >>
13 hours ago Saturday, February 16 2019 Feb 16, 2019 Saturday, February 16, 2019 12:27:00 PM CST February 16, 2019 in News
VATICAN CITY (AP) — Pope Francis has defrocked former U.S. Cardinal Theodore McCarrick after Vatican officials found him guilty of... More >>
18 hours ago Saturday, February 16 2019 Feb 16, 2019 Saturday, February 16, 2019 7:25:00 AM CST February 16, 2019 in News
SARCOXIE, Mo. (AP) — The Jasper County prosecutor on Thursday charged a 23-year-old English teacher at Sarcoxie High School with... More >>
1 day ago Friday, February 15 2019 Feb 15, 2019 Friday, February 15, 2019 9:56:18 PM CST February 15, 2019 in News
COLUMBIA - Battle High School's Girls Wrestling team will make history by competing in the first high school girls state... More >>
1 day ago Friday, February 15 2019 Feb 15, 2019 Friday, February 15, 2019 8:56:00 PM CST February 15, 2019 in News
COLUMBIA - The first snow system has come to an end and two more are on the way in less... More >>
1 day ago Friday, February 15 2019 Feb 15, 2019 Friday, February 15, 2019 8:25:00 PM CST February 15, 2019 in Weather
COLUMBIA - Despite the treacherous conditions, some people have no choice but to drive in weather like Friday's. "My... More >>
1 day ago Friday, February 15 2019 Feb 15, 2019 Friday, February 15, 2019 6:48:00 PM CST February 15, 2019 in News
COLUMBIA — The Humane Society of Missouri rescued 21 dogs and 21 cats from a property in western Missouri Friday.... More >>
1 day ago Friday, February 15 2019 Feb 15, 2019 Friday, February 15, 2019 5:42:00 PM CST February 15, 2019 in News
KANSAS CITY, Mo. (AP) — Another winter blast hit Missouri Friday, causing multiple accidents, closing schools and leaving highway experts... More >>
1 day ago Friday, February 15 2019 Feb 15, 2019 Friday, February 15, 2019 4:03:00 PM CST February 15, 2019 in Top Stories
CALLAWAY COUNTY - A traffic stop for following too close led to troopers seizing oxycodone, THC wax, shatter, a product... More >>
1 day ago Friday, February 15 2019 Feb 15, 2019 Friday, February 15, 2019 3:04:00 PM CST February 15, 2019 in News
JEFFERSON CITY — Ameren Missouri said several thousand jobs will be created as part of an effort to upgrade its... More >>
1 day ago Friday, February 15 2019 Feb 15, 2019 Friday, February 15, 2019 1:49:00 PM CST February 15, 2019 in Top Stories
Columbia, MO
Broken Clouds 28°
2am 30°
3am 30°
4am 30°
5am 30°