{UAH} TIM WALZ DOES NOT OWN A GOD DAMN THING

Gov. Tim Walz doesn't own a single stock

 

Dan Primack

 

Investors are sure to differ on the economic policies and record of Tim Walz, the Minnesota governor whom Kamala Harris yesterday picked as her running mate.

 

But here's something on which everyone can agree: Walz isn't going to be talking his portfolio.

 

State of play: Walz doesn't own a single stock, according to financial disclosures and confirmed by a spokesperson. Same goes for his wife Gwen, per tax filings.

 

His disclosures, bo th from his final year in Congress and his time as Minnesota governor, also show no mutual funds, bonds, private equities, or other securities.

No book deals or speaking fees or crypto or racehorse interests.

Not even real estate. The couple sold their Mankato, Minnesota, home after moving into the governor's mansion, for below the $315k asking price).

Zoom in: Their only investment assets appear to be via pensions, including teacher pensions.

 

The big picture: This lack of investment is highly unusual for elected officials. Particularly high-profile ones vying for federal office.

 

It's also reflected in some of what Walz did while in Congress, such as introducing the STOCK Act, which was aimed at curbing insider trading by congresspeople and other federal government employees.

The STOCK Act was signed into law by former President Obama in 2012, with Walz by his side, although its effectiveness is questionable.

Walz as governor signed a 1% tax surcharge on capital gains and other annual net investment income over $1 million. He's also chair of the Minnesota's board of investments, which manages state pension funds.

Go deeper: For more on Walz's background, check out this piece by Axios Twin Cities reporter Torey Van Oot.

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