Chappaqua, N.Y.,
Bill and Hillary Clinton last week sold millions of dollars worth of stock held for them in a blind trust, out of concern that their financial affairs could become a political liability for Hillary. The stocks included shares of pharmaceutical, oil, and defense contractors, as well as Wal-Mart. Many of the companies involved are frequent targets of Democratic activists. Advisors to Hillary Clinton, a top contender for the Democratic presidential nomination, say that no federal regulations required them to liquidate the trust, valued at $5 million to $25 million, but that Mrs. Clinton wanted to avoid any suggestion that her Senate votes could favorably affect her stock portfolio. Financial experts say the couple will now likely take a big hit in capital gains taxes.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Create an account with the same email registered to your subscription to unlock access.
