Index Investing News
Wednesday, May 21, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Senate wants Clarence Thomas gift list from Harlan Crow

by Index Investing News
April 25, 2023
in Property
Reading Time: 3 mins read
A A
0
Home Property
Share on FacebookShare on Twitter


Harlan Crow, chairman and chief executive officer of Crow Holdings LLC, sits for a photograph at the Old Parkland estate offices in Dallas, Texas, on Friday, Oct. 2, 2015.

Chris Goodney | Bloomberg | Getty Images

Sen. Ron Wyden, D-Ore., on Monday asked GOP megadonor Harlan Crow for a complete list of gifts to Supreme Court Justice Clarence Thomas and evidence that the billionaire real estate developer complied with federal tax law in connection with the long-undisclosed largesse to Thomas.

“This unprecedented arrangement between a wealthy benefactor and a Supreme Court justice raises serious concerns related to federal tax and ethics laws,” Wyden, who heads the Senate Finance Committee, wrote in a six-page letter to Crow.

Wyden’s letter was sent as Thomas and the Supreme Court itself face criticism following an April 6 report by ProPublica that the chairman of Crow Holdings for more than two decades has treated the conservative justice to luxurious trips worth at least hundreds of thousands of dollars.

ProPublica also reported on April 13 that a Crow company in 2014 purchased three properties in Savannah, Georgia, from Thomas and his family, including a home where the justice’s mother has lived rent-free for more than a decade.

The gifted trips to Thomas and his wife, Ginni, were to places such as Indonesia, New Zealand and Greece, with travel on Crow’s private jet and 162-foot superyacht Michaela Rose.

Thomas had not disclosed any of the gifts from Crow, or the property purchases by him, until they were revealed by ProPublica.

“The secrecy surrounding your dealings with Justice Thomas is simply unacceptable,” Wyden wrote in his letter to Crow.

“The American public deserves a full accounting of the full extent of your largesse towards Justice Thomas, including whether these gifts complied with all relevant federal tax and ethics laws,” he wrote.

Sen. Ron Wyden, D-Ore., speaks during a Senate Finance Committee nomination hearing on Feb. 23, 2021.

Greg Nash | Pool | Reuters

The letter asks for a list of all flights Thomas took on any of Crow’s jets, as well as details of those trips. Wyden requested similar details about the justice’s trips on the Michaela Rose and information about the Georgia property purchases.

He concluded by writing, “Please list any additional gifts or payments with a value in excess of $1,000 made to Justice Thomas or members of his family since he was sworn into the Supreme Court that
would not be captured by” the prior questions.

CNBC Politics

Read more of CNBC’s politics coverage:

Wyden’s letter noted that federal tax law requires the giver of a gift to pay any applicable tax.

“The IRS has long made clear the gift tax applies to the transferor of a gift, including in cases where
the transferor provides for the ‘use of property’ without expecting to receive something of at
least equal value in return,” Wyden wrote.

In addition to asking Crow for evidence related to the possibility of gift taxes being owed by the business, Wyden asked whether Crow claimed business deductions or depreciation for his plane and yacht related to the trips by Thomas.

Wyden is the ranking Senate Democrat on Congress’ Joint Committee on Taxation.

Associate Supreme Court Justice Clarence Thomas arrives for the swearing-in ceremony of Judge Neil Gorsuch as an associate Supreme Court justice in the Rose Garden of the White House in Washington, April 10, 2017.

Joshua Roberts | Reuters

In a statement provided to CNBC, Crow’s Office said, “We look forward to responding to Chairman Wyden’s letter in due course.”

Thomas did not immediately respond to a request for comment sent to the Supreme Court’s media affairs office.

Last week, Sen. Dick Durbin, the Illinois Democrat who is chairman of the Senate Judiciary Committee, invited Supreme Court Chief Justice John Roberts to testify about ethics reform of the high court.

Durbin’s letter to Roberts noted that “there has been a steady stream of revelations regarding Justices falling short of the ethical standards expected of other federal judges.”

Roberts has yet to reply to that invitation, Durbin noted over the weekend.



Source link

Tags: ClarenceCrowgiftHarlanListSenateThomas
ShareTweetShareShare
Previous Post

20 ‘Forever’ Blue Chip Stocks For Long-Term Investing

Next Post

Biden’s ‘Four More Years’ Sounds Like a Prison Term

Related Posts

Turnkey Consolation and Timeless Type Await at 823 Flagstaff Court docket, Ventura

Turnkey Consolation and Timeless Type Await at 823 Flagstaff Court docket, Ventura

by Index Investing News
May 21, 2025
0

In a coastal city the place attraction and class meet, alternatives like this hardly ever floor. Welcome to 823 Flagstaff...

HP Traders, Realm Purchase San Diego Workplace

HP Traders, Realm Purchase San Diego Workplace

by Index Investing News
May 20, 2025
0

1450 Frazee, now Axis 1450, options floorplates starting from 2,000 to twenty,000 sq. ft. Picture courtesy of HP Traders In...

Octave Holdings Enters Wisconsin – Industrial Property Government

Octave Holdings Enters Wisconsin – Industrial Property Government

by Index Investing News
May 21, 2025
0

West Allis Towne Centre underwent a beauty renovation in 2011. Picture courtesy of Octave Holdings and Investments Octave Holdings and...

Right here’s What You’ll Actually Pay in Retirement

Right here’s What You’ll Actually Pay in Retirement

by Index Investing News
May 20, 2025
0

Taxes in retirement have been referred to as a “silent wealth killer” for these pursuing FIRE—however does the info inform...

Simply Listed | 635 Masters Approach

Simply Listed | 635 Masters Approach

by Index Investing News
May 20, 2025
0

MAGICAL IN THE MASTERS3 Beds | 3 Baths Expertise easy Florida dwelling on this meticulously maintained house, that includes an...

Next Post
Biden’s ‘Four More Years’ Sounds Like a Prison Term

Biden’s ‘Four More Years’ Sounds Like a Prison Term

JC Flowers, Reliance Retail Ventures among 48 bidders for Future Retail

JC Flowers, Reliance Retail Ventures among 48 bidders for Future Retail

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Dividend Aristocrats In Focus: Johnson & Johnson

Dividend Aristocrats In Focus: Johnson & Johnson

September 23, 2022
Tyler Winklevoss criticizes the Fed’s crackdown on Clients Financial institution

Tyler Winklevoss criticizes the Fed’s crackdown on Clients Financial institution

August 11, 2024
KKR exploring funding in Thames Water share plan, Sky Information experiences By Reuters

KKR exploring funding in Thames Water share plan, Sky Information experiences By Reuters

November 2, 2024
Will Toncoin Value Crash Under  Shake Telegram’s Income Streams?

Will Toncoin Value Crash Under $5 Shake Telegram’s Income Streams?

August 31, 2024
Russia-Ukraine war: List of key events, day 581 | Russia-Ukraine war News

Russia-Ukraine war: List of key events, day 581 | Russia-Ukraine war News

September 27, 2023
Country Garden faces liquidation petition in new blow to China property sector By Reuters

Country Garden faces liquidation petition in new blow to China property sector By Reuters

February 28, 2024
Globes readers select Atlas Make investments as favourite 2025 startup

Globes readers select Atlas Make investments as favourite 2025 startup

April 21, 2025
How Costa Rica drafted Latin America’s first ever anti-hate strategy — Global Issues

How Costa Rica drafted Latin America’s first ever anti-hate strategy — Global Issues

October 1, 2023
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In