Home News Wednesday Afternoon News, August 29th

Wednesday Afternoon News, August 29th

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Hubbell Releases 2017 Tax Returns

DES MOINES, Iowa (AP) – Iowa Democratic candidate for governor Fred Hubbell says he and his wife earned $3 million in 2017 and gave $1.3 million to charity.
Hubbell’s campaign released details of his 2017 income and giving in announcing Wednesday that he would only release one year of his tax returns. The campaign said his 2017 returns would be made available to reporters Thursday and, if elected, he’ll release them annually.
Republican Gov. Kim Reynolds has released 10 years of returns online, showing 2017 income of $163,000 and $17,000 donated to charity. She has made Hubbell’s wealth a campaign issue, suggesting he’s out of touch.
Hubbell’s campaign said that federal adjusted gross income for him and his wife Charlotte was just over $3 million. They gave $817,000 to charities, leaving a taxable income of $1.6 million. Their foundation donated an additional $458,650.
Hubbell served as a corporate director in 2017 and reported income from investments and other holdings. His family wealth dates to the 1800s.

 

 

Man Charged With Murder In Northern Iowa

LUVERNE, Iowa (AP) – A 60-year-old man has been accused of killing a man who died at a northern Iowa home.
The Kossuth (kuh-SOOTH’) County Sheriff’s Office said in a news release Wednesday that Jeffrey Winters, of Livermore, is charged with first-degree murder. Online court records don’t list the name of an attorney who could comment for him. He’s being held on $2 million bail.
He’s suspected of killing 54-year-old Randy Page, who authorities say died before deputies reached the LuVerne home Monday evening. His wife had called to report that he was on the garage floor and unresponsive.
A criminal complaint says four 9mm bullet casings were found near the body, but no gun was found.
An autopsy was ordered.

 

 

Eastern Iowa Banker Pleads Guilty To Hampering Bank Audit

CEDAR RAPIDS, Iowa (AP) – An eastern Iowa banker has pleaded guilty to hampering a bank examination. Prosecutors say 38-year-old Martin Smith entered the plea Monday in U.S. District Court in Cedar Rapids. Prosecutors say Smith admitted backdating a refinancing loan to obstruct an investigation by the Federal Deposit Insurance Corporation. Smith was a vice president at Center Point Bank & Trust.