We all know the rally cry, everyone must pay "their fair share" in taxes.
Cynical Chellie Pingree also spoke on the matter when supporting legislation that was supposed to crack down on tax haven loop-holes, “I am proud to say this bill also cracks down on tax loopholes that allow hedge fund managers to avoid paying income tax on much of their salaries, and the bill makes sure that multinational corporations don’t avoid paying taxes by shifting their profits to offshore tax havens.”
This all sounds positive until you realize that these are laws that Cynical Chellie Pingree will never have to abide by.
Earlier this summer, it was exposed that Cynical Chellie's hedge fund managing billionaire husband held offshore accounts.
The Free Beacon Covered it here:
"According to information leaked to the International Consortium of Investigative Journalists, Sussman is a director of Simply Radiant Ltd., a company based in the British Virgin Islands.
Sussman’s firm, Paloma Partners, is a Simply Radiant shareholder, as are Paloma subsidiaries Golden Mountain Partners and Sunrise Partners, ICIJ data show. Paul Wolansky, a former managing director at the Paloma Partners, is listed as a Simply Radiant director.
An individual named Harry S. Campbell is also listed as a director. He was previously a director of Cathay Investment Fund Ltd., in which Paloma is a major shareholder.
It was not immediately clear what exactly Simply Radiant is or does. Paloma did not respond to requests for additional information on the company."
The Bangor Daily News covered it here:
On to politics, where Republicans are raising red flags about a leak of information that implicates Donald Sussman, a Democratic mega donor and former husband of U.S. Rep. Chellie Pingree, a Democrat who represents Maine’s 1st District, for directing a shell company in the British Virgin Islands that is used to shield his assets...
Why does it matter?
Because Sussman is one of the top donors to Democratic causes, including millions of dollars to organizations that support Hillary Clinton’s run for president. The conflict here is that Clinton and other Democrats have long been brutally critical of companies that use offshore accounts and companies in ways that they claim harm the U.S. economy and potentially deprive the federal government of tax revenues.
Sussman is also a board member for the Center for American Progress, a group that has been critical of corporations and individuals that have been previously implicated in the leaks to the International Consortium of Investigative Journalists."
So Cynical Chellie Pingree wants to crackdown on offshore tax havens?
Perhaps she needs to start by looking at her own accounts, even the ones in the Virgin Islands.
We hate to say it, but this hypocrisy hardly surprises us anymore.