JEFFERSON CITY, Mo. — Businesses affiliated with the husband of Missouri Sen. Claire McCaskill have received almost $40 million in federal subsidies for low-income housing developments during her first five years in office, but McCaskill's campaign said Tuesday that none of that money made it into the family's personal bank accounts.

McCaskill's Republican challenger, Rep. Todd Akin, says the federal payments should be a cause for concern among voters. He's attempting to portray the Democratic senator's family as a prime beneficiary of government largesse.

"There is a conflict of interest and a breach of trust with the citizens of our state," Akin said in an interview with The Associated Press.

McCaskill denied that.

"The accusation is terribly unfair and distorted," she told the AP on Tuesday. "They are trying to make it appear that somehow my votes enabled my husband to make money – and that's just not true."

There is no evidence that McCaskill personally routed federal money to her husband's businesses. She voted for some – and against other – bills that funded the federal housing and agriculture departments, which in turn provide subsidies to businesses with federal contracts to provide low-income housing.

The AP reviewed five years' worth of federal personal financial disclosure statements filed by McCaskill, which list more than 300 "affordable housing" businesses in which her husband, Joseph Shepard, had at least a partial ownership during the time she has been in office. At least one-third of those businesses also appear to be listed as recipients of federal payments in an online government database that tracks spending.

The firms affiliated with Shepard appear to have received about $39 million from the U.S. Department of Agriculture's Rural Housing Service or the Department of Housing and Urban Development between 2007 – when McCaskill took office – and the end of 2011. According to McCaskill's financial reports, Shepard earned an income of between about $400,000 and $2.6 million from those businesses in the years in which they received government payments. Some of those businesses also rent non-subsidized housing units.

McCaskill said "just a fraction of that income dealt with subsidized housing" and that her husband had only "a passive, minor investment role in" in many of the projects. Later Tuesday, her campaign said the federal subsidies went into a special property account for the low-income units, which under federal regulations can only be used for operations, maintenance and improvements to the housing developments – not redirected as personal profits.

McCaskill's campaign offered a variety of reasons why the federal payments pose no conflict of interest, including the fact that McCaskill opposed some of the funding bills and that those she supported also included appropriations for a wide variety of government programs.

McCaskill said the vast majority of the housing subsidy contracts were initiated long before she became a senator, although Shepard invested in some of them after she was elected and others were renewed during her term in office. The subsidies cover the gap between the rent paid by the tenant and the value of the housing unit as determined by the federal government. Were Congress to not fund the subsidies, the federal government would be defaulting on its obligations, McCaskill said.

"If you really boil this down, it is a small fractional interest in a number of housing projects that had ongoing contracts with the federal government that appropriations bills funded," McCaskill said. "This isn't like I had some role in some discretionary decision."

Akin said McCaskill could have abstained from voting on bills that funded agencies involved in low-income housing developments.

But McCaskill then could have been open to accusations that she shunned her congressional duties – an assertion she has made against Akin for missing numerous House votes during his Senate campaign.

"She has to vote for or against appropriation bills – that's what the citizens of Missouri hire her to do," said George Connor, head of the political science department at Missouri State University. But he added: "It seems to me that she has influence over federal policy that has directly benefited her husband."

"There certainly is a legitimate perception of a conflict of interest, but that's not the same thing as saying there is one," Connor said.

McCaskill's campaign said her position is no different than that of lawmakers who are farmers and vote for agriculture bills that include farm aid, or lawmakers who have family members in the military and vote for bills authorizing defense spending. Her campaign suggested it was a greater conflict for Akin to have supported a federal spending earmark for a highway near his suburban St. Louis home – though Akin's family received no money to construct it.

McCaskill ranks as one of the wealthiest members in Congress, largely because of her husband's business success, which was already well-established when she married Shepard in 2002. Her political opponents have long sought to make an issue of their finances.

In the 2004 gubernatorial primary, Democratic Gov. Bob Holden aired an ad accusing Shepard of running dangerous nursing homes that helped finance McCaskill's campaign. In the 2006 Senate race, Republican Sen. Jim Talent ran an ad accusing Shepard and McCaskill of using an insurance company based in the Bahamas as a tax shelter, which they denied. Last week, Akin began running an ad criticizing about $1 million in housing subsidies financed through the 2009 stimulus act that went to businesses affiliated with Shepard.

Although Akin is just now ramping up his assertions of a conflict of interest, Republican operatives had long planned that as part of their campaign theme against McCaskill. A consulting firm run by former Missouri Republican Party executive director John Hancock built a file on McCaskill's finances that has been shared in part with the state GOP. Hancock had been a campaign adviser to Republican Senate candidate John Brunner, who finished second to Akin in the Aug. 7 primary.

Akin has campaigned as an opponent of what he describes as an expansive federal government. He said the federal payments to businesses in which McCaskill's husband has an ownership stake shows McCaskill has "a personal interest in big government – something that benefits herself and her husband."

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  • Gov. Jan Brewer (R-Ariz.)

    "Well, I thought his comments were a little bit outrageous," she <a href="http://www.kjzz.org/content/1208/gov-brewer-akin-comments-little-bit-outrageous-doesnt-call-candidate-drop-out-race" target="_hplink">told KJZZ's Mark Brodie</a>. "I'm not in a position to [decide] whether it's right for the party to pull funding, I mean, those people there raise the money, they get to spend it however they wish."

  • Mitt Romney

    "As I said yesterday, Todd Akin's comments were offensive and wrong and he should very seriously consider what course would be in the best interest of our country," said Romney in a statement. "Today, his fellow Missourians urged him to step aside, and I think he should accept their counsel and exit the Senate race." Earlier, from an <a href="http://www.nationalreview.com/corner/314452/romney-akins-inexcusable-comment-robert-costa" target="_hplink">interview with the National Review</a>: <blockquote>"Congressman's Akin comments on rape are insulting, inexcusable, and, frankly, wrong," Romney said. "Like millions of other Americans, we found them to be offensive."</blockquote>

  • Gov. Chris Christie (R-N.J.)

    "He should be ashamed of himself to be talking about it in that way," Christie said. "It's stunning to me that somebody who's offering themselves for high office like that would have those kind of thoughts and use that kind of language."

  • Gov. Scott Walker (R-Wis.)

    From <a href="http://mountpleasant.patch.com/articles/gov-scott-walker-says-missouri-senate-candidate-todd-akin-should-get-out" target="_hplink">Patch</a>: <blockquote>Gov. Scott Walker said Tuesday that Republican Missouri Senate candidate Todd Akin should drop out of the race after Akin made controversial comments about rape and pregnancy. "Yes, he should step down. Those comments were ignorant at best and outrageous," Walker said during a ribbon-cutting ceremony in Sturtevant.</blockquote>

  • Gov. Bob McDonnell (R-Va.)

    "He's got to seriously decide what's in the best interest of the party, what's in the best interest of the state of Missouri, and frankly, at this point, given that flat wrong statement, whether he can win," McDonnell <a href="http://www.huffingtonpost.com/2012/08/21/bob-mcdonnell-todd-akin_n_1818906.html?1345568504" target="_hplink">told The Huffington Post</a>. "I think there was a belief a month ago, when it was just he and [incumbent Sen. Claire] McCaskill head to head after he got the nomination, that it would be a hard-fought competitive race, with Romney at the top of the ticket and up double digits, that this would be a race that would be winnable for the Republicans," McDonnell said. "To say things that seemed to be so flat wrong and out of touch with both science and the people, I think it makes it very difficult at this point for him to win."

  • NRSC Chair Sen. John Cornyn (R-Texas)

  • Sen. Claire McCaskill (D-Mo.)

    "It is beyond comprehension that someone can be so ignorant about the emotional and physical trauma brought on by rape ... The ideas that Todd Akin has expressed about the serious crime of rape and the impact on its victims are offensive."

  • Mitt Romney/Paul Ryan Campaign

    "Gov. Romney and Congressman (Paul) Ryan disagree with Mr. Akin's statement, and a Romney-Ryan administration would not oppose abortion in instances of rape," Romney spokeswoman Amanda Henneberg said. "Congressman's Akin comments on rape are insulting, inexcusable, and, frankly, wrong," <a href="http://www.nationalreview.com/corner/314452/romney-akins-inexcusable-comment-robert-costa" target="_hplink">Romney said</a>. "Like millions of other Americans, we found them to be offensive."

  • Sen. Minority Leader Mitch McConnell (R-Ky.)

    "What he said is just flat wrong in addition to being wildly offensive to any victim of sexual abuse. Although Representative Akin has apologized, I believe he should take time with his family to consider whether this statement will prevent him from effectively representing our party in this critical election," said McConnell, according to the <a href="http://www.latimes.com/news/politics/la-pn-mcconnell-suggests-todd-akin-consider-his-options-20120820,0,5243455.story" target="_hplink"><em>Los Angeles Times</em></a>.

  • Minority Leader Nancy Pelosi (D-Calif.)

  • Sen. Lisa Murkowski (R-Alaska)

  • Elizabeth Warren

  • Sen. Scott Brown (R-Mass.)

    "As a husband and father of two young women, I found <a href="http://livewire.talkingpointsmemo.com/entry/scott-brown-calls-for-todd-akin-to-drop" target="_hplink">Todd Akin's comments</a> about women and rape outrageous, inappropriate and wrong. There is no place in our public discourse for this type of offensive thinking. Not only should he apologize, but I believe Rep. Akin's statement was so far out of bounds that he should resign the nomination for US Senate in Missouri."

  • Rep. Steve King (R-Iowa)

    "Whether he has mispoken or whether he has a position that we would have trouble agreeing on, I don't know that. I do know him and I do know his family, and I'm impressed with what they've accomplished. So that's the best I can do with what little bit I know," <a href="http://www.youtube.com/watch?v=LDsQkjnQx5Y&feature=youtu.be" target="_hplink">said King</a>. And later: "I just haven't heard of that being a circumstance that's been brought to me in any personal way," he <a href="http://www.kmeg14.com/story/19324372/rep-steve-king-on-the-campaign-trail" target="_hplink">told KMEG</a>. "I'd be open to hearing discussion about that subject matter."

  • Sen. Kelly Ayotte (R-N.H.)

  • Rep. Chris Van Hollen (D-Md.)

    "I have to agree with those, including Republicans, who have said he should give up his race for Senate," said Van Hollen on <a href="http://video.msnbc.msn.com/newsnation/48728017/#48728017" target="_hplink">NewsNation with Tamron Hall</a>.

  • Rep. Connie Mack (R-Fla.)

    "Like Joe Biden's comments last week, I find Todd Akin's comments made Sunday to be just as outrageous and offensive. Such insulting and offensive remarks from Joe Biden and Todd Akin have no place in our political discourse," said Mack in a <a href="http://miamiherald.typepad.com/nakedpolitics/2012/08/connie-mack-cosponsor-of-forcible-rape-bill-links-akins-legitimate-rape-with-bidens-chains-.html" target="_hplink">press release</a>.

  • Sen. Ron Johnson (R-Wis.)

  • Cindy McCain

  • Former Sen. Jim Talent (R-Mo.)

    Talent, who once held the Senate seat Akin is running for, declined to endorse Akin on Monday. "It's a decision he has to make," Talent said when asked whether Akin should step aside, according to the <a href="http://www.latimes.com/news/politics/la-pn-todd-akin-stay-in-senate-race-20120820,0,2849040.story" target="_hplink"><em>Los Angeles Times</em></a>. "I can't agree with anything [Akin] said," Talent later clarified.

  • Rep. Debbie Wasserman Schultz (D-Fla.)

    "Now, Akin's choice of words isn't the real issue here. The <a href="http://www.politico.com/blogs/burns-haberman/2012/08/dnc-email-ties-romney-to-todd-akin-132522.html" target="_hplink">real issue</a> is a Republican party -- led by Mitt Romney and Paul Ryan -- whose policies on women and their health are dangerously wrong. I'm outraged at the Republicans trying to take women back to the dark ages -- if you agree, join me in taking a stand for women. Really, it's deeply concerning that Republicans continue to support legislation that is, quite literally, dangerous for women. Mitt Romney famously says he would "get rid of" federal funding for Planned Parenthood if he had the chance. His running mate, Paul Ryan, was one of more than 200 Republican cosponsors of a piece of legislation that would have narrowed the definition of rape. Can you imagine -- the same Republican House that refuses to pass a jobs bill jumped at the opportunity to make life harder for victims of rape? And what do Romney and Ryan think of Akin's latest statement? They've been trying to distance themselves from it -- but Congressman Ryan has already partnered with Akin on a whole host of issues that restrict women's ability to make their own health care decisions."

  • Sarah Steelman, Akin's Former Primary Opponent

  • Meghan McCain

  • Terry O'Neill, President Of The National Organization For Women

    "That kind of rhetoric re-traumatizes sexual assault victims. ... That kind of talk, I believe, is intended to shame women," she told the <a href="http://www.huffingtonpost.com/2012/08/20/todd-akin-rape-comments_n_1810362.html?1345468189" target="_hplink">Associated Press radio</a>, characterizing the remarks as "flat-out astonishing."

  • Mike Murphy, GOP Consultant

  • Michelle Malkin, Conservative Columnist

  • Joe Scarborough, Host Of MSNBC's "Morning Joe"

    "There is a rule," <a href="http://www.mediaite.com/tv/scarborough-reacts-to-akins-rape-remark-conservatives-neglecting-to-choose-the-most-electable-candidate/" target="_hplink">he [Scarborough] continued</a>, "that we conservatives have followed for a long time, and it's the 'Bill Buckley Rule.' You elect the most electable conservative. The person who is the most conservative and who is the most electable is the one you put on the ticket. That's the part of the equation that we're losing over the last three years. And it's making Harry Reid the majority leader."

  • Bryan Fischer, Conservative Radio Host

  • Tom Perriello, President Of Center For American Progress Action Fund

  • Petition By The Democratic Congressional Campaign Committee

    <blockquote><a href="http://dccc.org/pages/denounce-todd-akin?source=2012.08.20_kw_all" target="_hplink">Sign your name to call</a> on Speaker John Boehner to remove Rep. Todd Akin from the House Science and Technology Committee. Republican Congressman Todd Akin told a Missouri news station: "First of all, from what I understand from doctors [pregnancy from rape] is really rare... If it's a legitimate rape, the female body has ways to try to shut that whole thing down." Someone who believes nonsense like this has no part overseeing science policy. Tell Speaker Boehner to immediately remove Rep. Akin from the House Science and Technology Committee.</blockquote>

  • Susan B. Anthony List

    <blockquote>"Congressman Akin, a longtime pro-life leader, has said he had misspoken, and no one is arguing that rape is anything but a despicable, horrible crime. "Abortion supporters like Sen. Claire McCaskill are trying to use this issue as a smokescreen to hide from their radical, pro-abortion records that are out of step with the majority of Missourians and the American people. On the issues of taxpayer funding of elective abortion in Obamacare, protection of unborn girls being targeted in the womb solely because of their gender, and whether children capable of feeling pain in the womb should be protected, President Obama and Senator McCaskill have been on the wrong side, showing that they favor abortion on-demand, for any reason, up to the moment of birth, subsidized by the taxpayers. "If President Obama and Senator McCaskill care to focus on extreme positions, it is time for self reflection. It is time to answer the question why this president has recently rejected bans on gender selection and late term abortions. "Todd Akin, on the other hand, has a record of voting to protect human life. His opponent does not. Congressman Akin has been an excellent partner in the fight for the unborn."</blockquote>

  • Tea Party Express

    <a href="http://www.teapartyexpress.org/5205/tea-party-express-urges-rep-akin-to-step-down" target="_hplink">Tea Party Express</a>, the nation's largest tea party political action committee, is urging Congressman Todd Akin to resign his candidacy for the U.S. Senate. Tea Party Express Chairman Amy Kremer said, "Congressman Akin's comments this weekend are not just unfortunate and inappropriate, but they are distracting from our main goal of defeating Claire McCaskill and taking the Senate gavel out of the hands of Harry Reid. At a time when our national debt is approaching $16 trillion, job growth is stagnate, and the Senate has failed to pass a budget in over 3 years, we need a candidate that is ready to help lead the charge for conservative solutions. "One of the lessons we learned in 2010 is that we need candidates who are not only conservative, but are capable of putting together a strong campaign against liberal opponents. Akin's frequent 'Bidenisms' are distracting from the important issues at hand. "It is critical that we defeat Senator Claire McCaskill in November, but it will be too difficult to achieve that with Todd Akin as the conservative alternative. He should step down and give conservatives a chance at taking back the Senate in November," Kremer concluded.