May 24th, 2008
12:07 AM ET
14 years ago

Cindy McCain releases 2006 tax returns


[cnn-photo-caption image= caption="Mrs. McCain released her 2006 tax returns Friday."]
WASHINGTON (CNN) - Cindy McCain released part of her 2006 tax returns Friday. The filings show she earned a total income of $6 million, and paid more than $1.7 million in taxes. She also claimed deductions of close to $570,000.

Her husband John McCain's presidential campaign said she had received an extension on her 2007 tax returns, and planned to release those as well. Her husband, presumptive Republican nominee John McCain, made his own returns public last month.

Under a prenuptial agreement, the couple keeps their tax returns and assets completely separate. Cindy McCain is heiress to a liquor fortune.

A campaign spokesman said she still had concerns about the privacy of her children - the reason she had given earlier for not releasing the records - she did not want the lingering questions continue to be a distraction from other issues.

The campaign dismissed questions over its decision to release the documents late on the Friday of Memorial Day weekend. "The campaign makes determinations when the make things public," spokesman Tucker Bounds told CNN. "This is something that came together today. We feel very good about that fact that people are able to get the information that they had asked for."

A campaign aide says that Cindy McCain made the decision recently, but this was the first time the campaign had had a chance to release the documents.

He added that the moves will exceed those of Teresa Heinz Kerry, also an heiress, when her husband John Kerry was the Democratic presidential nominee in 2004. Heinz Kerry made one year of returns public, but withheld some portions of the filing, and did not release the information until the final months of the campaign.

Filed under: John McCain
soundoff (227 Responses)
  1. Ben from Redwood City, CA

    To those who think she paid a lot in taxes because just because 1.7 million is a large number – most people making under 100k a year pay more. She paid less than 1/3. This is why we need a flat tax system. If everyone, regardless of income paid say 15 – 20%, that
    would be fair and the government would be taking in plenty of money.
    All of that said, I'm sure there are many people far wealthier than her who pay even less than 28% of their income in taxes. We need tax reform!

    May 23, 2008 05:36 pm at 5:36 pm |
  2. Bill

    You all are such experts on what she earned or should have earned. You should work for the IRS as auditors. She really doesn't owe anyone the disclosure she has made. Some of you see a scam behind every tree. Must be a terribly unhappy, empty way to go through life.

    May 23, 2008 05:38 pm at 5:38 pm |
  3. James, SC

    Yup! This is real transparency alright. Aren’t the American voters tired of being called idiots? Anyone swallowing this nonsense is truly stupid. What happened to years 2000 ~ 2005 taxes? I love this straight talk express going around the curves.

    May 23, 2008 05:40 pm at 5:40 pm |
  4. Another thinking voter, NY

    A liquor heiress, what next?

    May 23, 2008 05:40 pm at 5:40 pm |
  5. Ron-CA

    You moan and groan when McCain doesn't report something and then you whine like a baby when he does. Can't have it both ways. By the way where is Obama's medical history???

    May 23, 2008 05:42 pm at 5:42 pm |
  6. Ed

    So Sen. Obama is the least wealthy candidate. The Clintons and McCains are multi-millionares yet Sen. Obama is considered the Elitist. Give me a break

    May 23, 2008 05:43 pm at 5:43 pm |
  7. TheTruthHurts

    2006 doesn't matter. We need the returns for when he started running for president. However, I do appreciate this initial effort. I personally don't care other than I hate hypocracy and if we can rule that out, it will be a good thing.

    May 23, 2008 05:50 pm at 5:50 pm |
  8. Marcus B

    She is the President of one of the largest beer distribution companies in the US and she expects us to believe she made 6 million dollars???? How dumb do the McCain's think the American people are? I think those medical records that John McCain released are doctored and these tax returns of Cindy's are not only a year and almost 2 months late, they're a joke!!!

    May 23, 2008 05:50 pm at 5:50 pm |
  9. mya

    I don't care about Cindy McCain's tax returns, just don't care (i don't care about her either!!)

    May 23, 2008 05:51 pm at 5:51 pm |
  10. Franky

    I'm not gonna lie guys but I pretty much don't care how much they make, to tell you the truth. If they are ballers and make money, all I'm going to say to them is....."So, business is good, huh?" You see, I'm not critical of them if they have money, I mean, it is their money...

    Plus, I think my boy Honest Abe sums it up when he says this......"Nearly all men can stand adversity, but if you want to test a man's character, give him power"......

    Just be who you are........

    May 23, 2008 05:51 pm at 5:51 pm |
  11. pavel

    Yes We can

    but McCan't

    May 23, 2008 05:51 pm at 5:51 pm |
  12. Terry in Fl

    So what? We all know she's rich. Why do some of you busy body trouble makers just HAVE to see how much she has exactly? because you got nothing better to do than try and tear down anyone but your golden boy who is going to be destroyed come November. IF he even makes it till November.

    May 23, 2008 05:52 pm at 5:52 pm |
  13. kr

    Who Cares!!!!!

    Hillary 08

    May 23, 2008 05:54 pm at 5:54 pm |
  14. Liars

    Wow! How ridiculous! We know this is a lie. She made much more than 6 and we also know that it isn't all from the Liquor business.
    Lies, Lies and more Lies! When will we ever have a candidate who is genuine ? Oh, We do!! Thank the good Lord we have Barack Obama!

    May 23, 2008 05:54 pm at 5:54 pm |
  15. Mark, B'ham., Al.

    Cindy McCain must not have the shifty lawyers and accountants that John Kerry's wife does. Heinz made 5 million dollars in '04 and paid just 175 thousand dollars in taxes. Cindy made 6 million dollars and 1.7 million dollars in taxes. I guess elitest democrats can raise Americans' taxes since their lawyers and accontants can find all the loopholes their party has put in the tax system over the decades to let them keep more of their money.

    May 23, 2008 05:55 pm at 5:55 pm |
  16. Ralph V. AZ

    What they should be releasing is her criminal record for getting busted stealing drugs.

    I thing that would be a little more interesting!

    May 23, 2008 05:56 pm at 5:56 pm |
  17. Les Newell

    Everyone can have money..there is money everywhere. It is only when you are willing to have it, does he appear. There are some that are better than others acquiring it. She got the same way we all can. Why put down her, that only puts yourself down and money will never flow your way because you are not happy for her. It is called The Universal Law and the Law of Attraction. I applaud her for having the ability to bring weath to herself. Change your thought and you will change you life.

    May 23, 2008 05:56 pm at 5:56 pm |
  18. Liza

    Are we really at all surprised? We all knew she was loaded. Who cares?

    May 23, 2008 05:59 pm at 5:59 pm |
  19. Ratgurl

    Cindy is a rich heiress to a beer fortune. What more is there to know?

    May 23, 2008 06:04 pm at 6:04 pm |
  20. Viet Nam Vet

    Why is so much money spent for a job that only pays $400,000?
    Sports pays better by far. Or retire as a CEO that screws up the country- -Ken Lay (another Bush crony) He didn't even have to go to Jail (God Pardoned him)LOL

    May 23, 2008 06:04 pm at 6:04 pm |
  21. Chidi

    She can pay for her husband campaign

    May 23, 2008 06:04 pm at 6:04 pm |
  22. supporter

    To all the Clinton supporters:
    We should all send in donations of even a small amount to McCain to show the Obama Clinton supporters haters that they need us in the fall.

    Clinton or McCain = NObama with the all hate supporters

    May 23, 2008 06:05 pm at 6:05 pm |
  23. I heart OBAMA

    WOW - it must be nice to be a heiress - I mean you get special treatment and extensions and everything.

    May 23, 2008 06:08 pm at 6:08 pm |
  24. Money sure buys some things . . .

    I agree with those who say that Cindy McCain dresses much better than Michele Obama, but has anyone considered the fact that Cindy's budget for clothing is probably astronomical.

    May 23, 2008 06:08 pm at 6:08 pm |
  25. Ellie

    Let's get this straight: Mccain & his wife are millions, The Clintons are millions. Yet Obama is supposed to be considered an elitist. Please. Wake up America!

    May 23, 2008 06:08 pm at 6:08 pm |
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