Kamala Harris is holding assets in a hidden trust

According to a new report from Fox News Vice President Kamala Harris is keeping some of her assets in a family trust that might violate a pledge made while on the campaign trail. 

The trust, which is known as a tax-advantaged trust, came up in a financial disclosure released on Monday which showed that Harris has been a trustee of the KDH/DCE family trust since 2017.

Both Harris and President Joe Biden made an ethics pledge while campaigning for the White House, seeming to hope to set themselves apart from then-President Donald Trump who made headlines by keeping his tax documents out of the public’s eye.

The trust in question, however, could be in violation of that pledge because the trust’s assets “are not reportable,” according to the filing reported by Fox News.

Harris’ trust is questionable because it hides the vice president’s holdings from the public, which could bring questions about an unknown number of conflicts of interest that the public is unaware of.

“The trust held by the Vice President and the Second Gentleman is a common estate planning vehicle and is fully consistent with the ethics pledge put in place by the Biden-Harris Administration,” Sabrina Singh, deputy press secretary for Vice President Harris told Fox News following the publication of this article.

“This trust does not hold any business interests or securities,” the press secretary went on, though she did not share an explanation for Harris’ potential violation of the pledge.

Both Harris and Biden made the pledge in question when they promised to work with Congress to “eliminate the trust loophole in existing financial disclosure law.” Biden went on to say he would “require that any member of his Administration who is a beneficiary of a discretionary trust disclose all of its holdings.”

 
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