Bombshell: Democratic House Member Gets Caught Holding Over $30 Million In Tax-Free Cayman Islands Through His Nonprofit

Credits: NBC

Recently unveiled financial records revealed that a House Democrat overseeing the lead opposing income inequality has racked up $30 million in a tax-free international shelter to back his nonprofit group. 

The Democratic Rep. from New York, Daniel Goldman, established the charitable organization back in 2012. 

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The Richard W. Goldman Foundation, which has been providing charity on account of needy people for more or less ten years, has reported having over $30 million in investments maintained at the Cayman Island, which is well known for sheltering financially well-off individuals and businesses who look for relief from heavy taxes. 

The financial director of the Goldman Foundation, Daniel Goldman is enlisted in the financial records filed with the Securities and Exchange Commission. 

His position gave him the power to decide how and where the foundation’s acquisitions or investments should be handled.  

Last week, Democratic Rep. Goldman published a statement that supported President Joe Biden’s strategy to put a hike on taxes for those Americans who are financially well-off and those businesses that are also financially doing well, as a crucial part of the country’s yearly budget. 

Democratic Rep. Daniel Goldman Stated:

“At a time of record wealth inequality, the wealthiest among us must help to provide more access for others to pursue the American dream that they have benefited so much from. I’m proud to cosponsor the Billionaire Minimum Income Tax as a long-overdue piece of legislation that will level the playing field, incentivize investment in the economy, and expand opportunities for underserved communities.”

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