Clinton Family Loan Mystery

By Jaketapper

Apr 5, 2008 11:19am

Those of us old enough to recall the 1990s can remember presidential half-brother and pardon recipient Roger Clinton, as well as presidential brothers-in-law Tony and Hugh Rodham — all of whom were caught up in the pardon-gate controversy.

None of them has been seen much (or at all) during Sen. Hillary Clinton’s presidential campaign, not without good reason. I don’t want to be too harsh, but let’s just say they all firmly seem to fall into the Bill Carter mold of presidential siblings.

The reason I bring them up is because according to Bill and Hillary’s just-released tax returns from 2000-2006, the Clintons paid interest on loans to family members every year from 2001-2006. (The Clintons applied for an extension on their 2007 filing.)

Who were these loans to and how much are they for? Were Roger, Tony and Hugh among the recipients?

Clinton campaign spokesman Jay Carson politely says that’s none of our bee’s wax.

"The Clintons made interest-free loans to some of their family members," Carson says. "The amount reported is imputed interest on those loans.  The IRS requires that an amount of interest be assigned to interest-free loans; it then taxes the loan giver as if he or she actually received that ‘imputed’ interest.   Thus, imputed interest is not actually paid by the loan recipient nor received by the loan giver.  The loans to family members are personal; the Clintons are going to respect their family members’ privacy."

Roger Clinton received a presidential pardon from his brother; Tony and Hugh were involved in that pardon controversy. Is it really none of the public’s business if Sen. Hillary Clinton and her husband "loaned" any of them money?

- jpt

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