Rauner Claims No Personal Tax Benefit from Cayman Investments

Democrats pounce on Rauner clip saying government shutdown an option to address fiscal problems.

Karyn Bruggeman
Aug. 5, 2014, 7:35 a.m.

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.

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