Politics

Damning Docs Show Kamala Appears to Have Violated Own Ethics Promise

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Vice President Kamala Harris appears to have violated a campaign ethics pledge by keeping assets in a tax-advantaged family trust.

Harris’ financial disclosure form reveals that she has been a trustee of the KDH/DCE family trust since October 2017.

The assets “are not reportable,” according to the form, so some of her holdings are kept from public view.

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These hidden assets are inconsistent with the pledge President Joe Biden and Harris made during their campaign to end the practice, according to Fox News.

In “The Biden Plan to Guarantee Government Works for the People,” the president promised to “eliminate the trust loophole in existing financial disclosure law.”

“This loophole has allowed many senior officials — including [former] President [Donald] Trump — to avoid disclosing significant financial interests,” the plan reads.

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“Biden will work with Congress to close this loophole; and will meanwhile require that any member of his Administration who is a beneficiary of a discretionary trust disclose all of its holdings.”

The vice president appears to neither adhere to the pledge nor report the assets within the trust.

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A family trust, also known as a living trust, is a legal document that allows married couples to maximize their federal tax exemption and are “ideal for people that own real estate in more than one state and an excellent method for asset protection,” according to California law firm Craton, Switzer & Tokar LLP.

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