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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A new Investor’s Business Daily/TechnoMetrica Market Intelligence poll shows Hillary Clinton and Donald Trump each earning 41% support. On the one hand, the poll has been skewing in Trump's favor this year, relative to other polls. But on the other, data guru Nate Silver called the IBD/TIPP poll the most accurate in 2012.
"Sen. Bernie Sanders, a loyal soldier for Hillary Clinton since he conceded the Democratic presidential nomination in July, plans to push liberal legislation with like-minded senators with or without Clinton’s support if she is elected— and to aggressively oppose appointments that do not pass muster with the party’s left wing." Sanders and other similarly inclined senators are already "plotting legislation" on climate change, prison reform, the minimum wage, and tuition-free college.
"The political organization of Virginia Gov. Terry McAuliffe, an influential Democrat with longstanding ties to Bill and Hillary Clinton, gave nearly $500,000 to the election campaign of the wife of an official at the Federal Bureau of Investigation who later helped oversee the investigation into Mrs. Clinton’s email use."
Baseball great Curt Schilling says he still needs to clear a challenge to Sen. Elizabeth Warren with his wife, but in the meantime, he's found something to occupy him: the former hurler is going to host a daily online radio show on Breitbart.com. "The show marks Schilling’s return to media six months after ESPN fired him for sharing an anti-transgender Facebook post."
The New Yorker has endorsed Hillary Clinton, saying that "barring some astonishment," she will become the next president. Calling Clinton "distinctly capable," the magazine excoriates Donald Trump as a candidate who "favors conspiracy theory and fantasy, deriving his knowledge from the darker recesses of the Internet and 'the shows.'" Additionally, the historical nature of the possibility of "send[ing] a woman to the White House" is not lost on the editors, who note the possibility more than once in the endorsement.