Per a new report by Politico, “JDC Manufacturing, a company co-owned by the Democratic senator’s husband, Chip, received nearly $390,000 in federal grants for energy projects and tax credits created by the 2009 stimulus law, according to public records and information provided by the company”.
While Hagan deferred questions to staff members, some of the details may raise an eyebrow or two in her very competitive Senate race against Republican opponent, statehouse Speaker Thom Tillis.
Financial disclosure statements show that the Hagans’ income from JDC Manufacturing increased from less than $201 in 2008 to nearly $134,000 in 2013. Company representatives said higher rental income account for the uptick, not the stimulus-funded projects that were completed during that span.
In statement to POLITICO, the Hagan campaign said the senator did not help her husband win the federal funding and disputed any suggestion they have profited off the law.
Clearly the Hagan’s “profited,” the better question may be how exactly and was it unethical?