Coal & GW: Now this should get interesting because our new gop Senate majority leader Mitch McConnell is from Kentucky, a major coal state & one of the richest senators by inheritance.
en.wikipedia.org
Personal wealth
Senator McConnell's net worth was between $9,839,049 to $44,587,000 in 2010, and he was ranked as the 11th wealthiest member of the U.S. Senate at the time. [72]
McConnell’s personal wealth grew seven-fold in ten years in large part due to gifts given to him and his wife in 2008 from his father-in-law, James S.C. Chao; these gifts were worth between $5 million and $25 million (Senate ethics forms require personal finance disclosures in ranges of amounts, rather than specific figures
In July 2014, it was reported that Chao's Foremost Shipping had 15 ships in its fleet, but construction was underway for an additional 8 capesize bulkers. [12] In August 2014, it was reported Foremost Shipping engaged in the business practice known in the merchant industry as flag of convenience to limit his U.S. tax liability by flagging its ships in Liberia instead of the U.S.. Foremost was singled out in the story because Chao's son-in-law Senator Mitch McConnell expressed disinterest in July for limiting a similar controversial business practice known as corporate inversion. [13] |
