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How Kamala Harris Made Her Millions - YouTube
Channel: CNBC
[1]
Democrats running for president
have no shortage
[4]
of cash.
[6]
Senator Kamala Harris and
her husband top just
[9]
about all of them.
[10]
The senator from California
and her husband,
[13]
lawyer Douglas Emhoff,
reported about $1.9
[16]
million in adjusted gross
income last year.
[19]
Their income more than
doubles the next highest
[22]
earning candidate in the
2020 primary field.
[26]
So how did they
come by their cash?
[31]
Harris wasn't always
this rich.
[33]
She made six figure salaries
during her years as
[36]
attorney general,
[37]
first for San Francisco and
then the state of
[39]
California.
[41]
Then her household income
skyrocketed in 2014 when
[45]
she married Emhoff and
they first filed their
[47]
taxes jointly.
[49]
They reported $1.2
[51]
million in adjusted gross
income that year.
[53]
The couple has stacked up
wealth along the way.
[57]
Harris listed assets
worth between $2.5
[59]
million and $5.8
[61]
million on a 2018
Senate financial
[63]
disclosure form.
[65]
They also had
between $2.8
[68]
million and $3.6
[69]
million in liabilities.
[71]
That's tied up in mortgages,
home equity lines of
[74]
credit and a
commercial loan.
[76]
And Emhoff rakes in
millions as an intellectual
[79]
property lawyer
in California.
[81]
He made a whopping $1.5
[83]
million last year alone.
[86]
More cash is starting to
flow into Harris's pocket too
[90]
She reported about $157,000
in earnings from the
[93]
Senate last year.
[94]
That's a hike from what
she made as California
[96]
attorney general in 2016.
[99]
But that's not where she
makes her big bucks.
[102]
Harris reported about $320,000
in net income from
[106]
her memoir 'The
truth we Hold.'
[107]
It was released in January
2019, as Harris geared
[110]
up for her
presidential campaign.
[113]
Since she won her Senate
seat in 2016, Harris has
[117]
been seen as a
strong presidential candidate.
[119]
But she struggled for a
breakthrough into the top
[121]
tier of the
Democratic field.
[123]
That was until the
first 2020 presidential debate
[125]
where she confronted former
Vice President Biden
[128]
about his record on race.
[129]
But I also believe, and it
is personal, and I was
[132]
actually very, it
was hurtful,
[134]
To hear you talk about
the reputations of two
[138]
United States senators
who built their
[140]
reputations and career on
the segregation of race
[145]
in this country.
[146]
And it was not only
that, but, you also worked
[150]
with them to
oppose bussing.
[153]
And you know there was
a little girl in
[156]
California, who was part of
the second class to
[159]
integrate her
public schools.
[161]
as she was bussed
to school every day.
[166]
And that little
girl was me.
[169]
Harris isn't the only Democrat
at the front of the
[171]
pack making big money.
[173]
Senator Elizabeth Warren and
her husband Bruce
[175]
Mann made nearly
$850,000 in 2018.
[179]
Senator Bernie Sanders and
his wife Jane made
[182]
$560,000 in 2018 after raking
in more than a
[186]
million bucks in 2016
and 2017 each.
[190]
Biden hasn't unveiled his tax
returns yet, but he
[193]
reportedly made millions after
leaving the White
[196]
House in 2017.
[198]
Still Harris and Emhoff's 2018
haul is easily the
[201]
highest of all the
candidates who have released
[203]
their taxes.
[205]
That could put Harris in
an awkward spot as she
[207]
vies to take on
President Donald Trump.
[209]
There's a lot of talk
in this primary about new
[212]
government benefits such
as student loan
[214]
cancellation, free college, health
care and more.
[218]
Do you think that
Democrats have a responsibility
[221]
to explain how they will
pay for every proposal
[224]
they make along
those lines?
[225]
Well let me tell you
something, I hear that
[227]
question.
[228]
but where was that
question when the Republicans
[232]
and Donald Trump passed
a tax bill
[233]
that benefits the top 1
[235]
percent and the biggest
corporations in this country?
[238]
When we reached out to
the Harris campaign, a
[240]
spokesman said she is
committed to lifting up
[243]
average Americans.
[244]
He said her agenda is
meant to address their needs
[247]
and improve their lives.
[248]
Harris opposed the 2017 GOP
tax law which cut
[252]
rates for most Americans but
slashed taxes on the
[254]
wealthiest.
[256]
She wants to reverse those
cuts and give up to
[258]
$6,000 a year in tax
credits to working and
[262]
middle-class Americans
instead.
[265]
She also marched with
striking McDonald's workers
[267]
in Las Vegas, who pushed
for higher wages and
[270]
changes to
harassment policy.
[272]
But the fact remains,
Harris is still technically
[275]
a millionaire.
[277]
And we'll see if that
affects her image as a
[279]
champion for the working
class as the 2020
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