Moseley Braun defends tax returns
Carol Moseley Braun is defending her tax returns. The candidate for Chicago mayor publicly released the first two pages of her federal income taxes from the previous two years Tuesday. The returns showed she lost more money than she took in and hadn't paid any federal taxes. Moseley Braun says the small organic foods business she's been managing since she was a U.S. senator is doing OK.
"We did fine. I struggled. I didn't fire anybody. I didn't lay people off. I did the best I could and I made that little business work and it's still working," she said.
Braun's returns show she reported a taxable income of less than $16,000 in 2009.
Other major candidates for mayor have also released their financial records. Rahm Emanuel and Gery Chico made millions in recent years while Miguel Del Valle has mostly been living off his salary from his position as Chicago City Clerk.