Wisconsin Senate hopeful made $12 million gross

MADISON, Wis. (AP) — Tax documents show U.S. Senate hopeful Eric Hovde made more than $12 million over the last two years.

Hovde is locked in a four-way Republican primary for Wisconsin’s open seat. The state Democratic Party has challenged all four candidates to release their tax returns.

Hovde, who runs a hedge fund and real estate business and owns a number of banks around the country, released hundreds of pages of federal tax documents covering 2010 and 2011 on Friday.

They show Hovde’s gross income was $6.7 million in 2010 and $5.3 million in 2011. His accountant’s summary showed Hovde paid $1.4 million in taxes in 2010 and $315,901 in 2011.

Hovde faces Tommy Thompson, Mark Neumann and Jeff Fitzgerald in Tuesday’s election. The winner will face Democrat Tammy Baldwin in November.