Unlike John Fogerty, Tilden Hagan is a Senator’s son, and, shockingly, things have worked out pretty well for him. By sheer coincidence, after his mom voted for the 2009 stimulus package, a company Tilden Hagan co-owned with his future brother-in-law was awarded a taxpayer-funded contract to install solar panels. The company overseeing the project, JDC Manufacturing, was, by sheer coincidence, owned by Tilden’s dad. The deal appears to have violated JDC’s own conflict-of-interest policy. Oh well.
An incumbent senator voted for a massive taxpayer stimulus that just happened to benefit businesses owned by that senator’s immediate family members. That same senator later recommended someone to lead a government agency that is currently stonewalling journalist requests to obtain documents related to that stimulus funding. Some would call that cronyism. Either way, it looks pretty bad for Senate Kay Hagan (D., N.C.).
Hagan has come under fire in recent weeks amid reports that businesses owned by her husband, son, and son-in-law directly benefited from the federal stimulus package Hagan voted for in 2009. The Carolina Journal has been all over the story, but encountered a roadblock recently while trying to obtain documents related to the stimulus award from the U.S. Department of Agriculture:
North Carolina Republicans are asking the Senate Ethics Committee to investigate Sen. Kay Hagan (D., N.C.), who has come under fire after revelations that her husband’s company, JDC Manufacturing, received nearly $400,000 in tax credits as part of the controversial 2009 stimulus package, which Hagan supported.
As of 2012, Sen. Kay Hagan (D., N.C.) was the ninth-wealthiest member of the Senate, with an estimated net worth of $24 million. Much of that is tied to her husband, Chip, who is a partner at a Greensboro law firm and holds investments in a number of businesses. One of those businesses is JDC Manufacturing, which he co-owns with his two brothers.
THE POLITICO reports that JDC Manufacturing received almost $400,000 in federal grants and tax credits for green energy projects as part of the 2009 stimulus package: