Despite the stigma associated with offshore investments, “experts on tax avoidance techniques interviewed by the Tribune say investments in places like the Caymans benefit some classes of investors but typically not individuals like” venture capitalist Bruce Rauner (R). “Those particular setups had no impact on my personal tax rate. None whatsoever,” Rauner told reporters Sunday.
“It is impossible to independently verify Rauner’s assertion, however, because the Republican has refused to publicly release key tax documents.” Rauner said he plans to release his 2013 returns in October. (Chicago Tribune)
GOVERNMENT SHUTDOWN. “Critics are pouncing on remarks”¦Rauner”¦made to supporters earlier this year that a government shutdown was an option to help the state deal with its financial troubles. Video of his comments picked up steam on Monday as the Illinois Federation of Teachers, which recently threw its support behind” Gov. Pat Quinn (D), “circulated the clip, posted to the union’s YouTube page, of Rauner addressing the Tazewell County Republican Party at its Lincoln Day dinner in March.” (CNN)
FRIENDS NOT FOES. Steve Kim, the former running mate of one of Rauner’s primary opponents, state treasurer Dan Rutherford (R), endorsed Rauner this week and appeared alongside him at an event in Chinatown geared toward Asian-American voters. (Chicago Tribune)
GO WEST, YOUNG MAN. The Tribune also profiled Rauner’s many property holdings in Montana and Wyoming. Raunder is scheduled to host campaign fundraiser at the former Tuesday night.