Republican Congresswoman Sue Kelly has launched a new radio ad charging her Democratic opponent John Hall with owning Phillip Morris, Pfizer Pharmaceutical, and General Electric stocks as part of his retirement mutual fund holdings.
Last week the Kelly campaign bashed Hall for having a mutual fund that contains stock in Schlumberger, an oil company fined for polluting a South Carolina River.
In response, Hall said he cashed in the fund switching to bank certificates of deposit when he learned what was in it.
“His excuse that he didn’t know and doesn’t know doesn’t pass the smell test,” said Kelly’s campaign spokesman Jay Townsend. “Hall filed and personally signed the financial disclosure report which detailed his investments. He knew enough about his investments to note that he’d earned both dividends and capital gains.”
Kelly’s 2005 financial disclosure statement shows she ranked 31 among the 435 members of the House of Representatives in terms of net worth. The report declares she owns between $15,000 and $50,000 in Exxon Mobil stock; between $15,000 and $50,000 in General Electric stock.
To hear the new Kelly radio ad, click here.