Health Sector Profits Contributed To Jeb Bush’s Post-Gubernatorial Wealth
Republican presidential hopeful Jeb Bush's tax filings show his net worth soared after he left the office of Florida governor in 2007. The New York Times reports that this financial boost included his earnings as a paid director to Tenet Healthcare, a hospital company which supported the health law.
The New York Times' First Draft:
Jeb Bush’s Wealth Soared When He Left Governor’s Office, Tax Returns Show
One of his endeavors included serving as a paid director to the hospital company Tenet Healthcare, which backed President Obama’s Affordable Care Act. The position invited questions for Mr. Bush, who as a candidate opposes the health care law. Mr. Bush profited handsomely from his Tenet shares. According to the newly released tax returns, Mr. Bush acquired $441,203 worth of stock in Tenet Healthcare in May 2011. The stock doubled in value by the time he sold it in October 2013, earning him a profit of $462,013 in just 29 months. Like other hospital stocks, Tenet rose sharply from October 2012 through March 2013, when President Obama’s re-election made it likely that the health care law would be carried out. (Eder, 6/30)
Bush Tax Returns Show Big Health Care Company Profits
Jeb Bush has raked in hundreds of thousands of dollars from health care company stocks since leaving office in 2007, according to tax returns released Tuesday. The former Florida governor, in a transparency effort meant to sharply distinguish himself from Democratic presidential front-runner Hillary Clinton, released 33 years of tax returns that showed an average effective tax rate of 36 percent. The returns, which span 1981 to 2013, indicate he’s had at least $29 million in income after he led the Sunshine State. (Pradhan, 6/30)