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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President Obama has called for a "full review" of the hacking that took place during the 2016 election cycle, according to Obama counterterrorism and homeland security adviser Lisa Monaco. Intelligence officials say it is highly likely that Russia was behind the hacking. The results are not necessarily going to be made public, but will be shared with members of Congress.
Sen. Joe Manchin (D-WV) and Sherrod Brown (D-OH) are threatening to block the spending bill—and prevent the Senate from leaving town—"because it would not extend benefits for retired coal miners for a year or pay for their pension plans. The current version of the bill would extend health benefits for four months. ... Senate Majority Leader Mitch McConnell (R-KY) on Thursday afternoon moved to end debate on the continuing resolution to fund the government through April 28. But unless Senate Democrats relent, that vote cannot be held until Saturday at 1 a.m. at the earliest, one hour after the current funding measure expires."
The South Korean parliament voted on Friday morning to impeach President Park Geun-hye over charges of corruption, claiming she allowed undue influence to a close confidante of hers. Ms. Park is now suspended as president for 180 days. South Korea's Constitutional Court will hear the case and decide whether to uphold or overturn the impeachment.
Participants in the women's march on Washington the day after inauguration won't have access to the Lincoln Memorial. The National Park Service has "filed documents securing large swaths of the national mall and Pennsylvania Avenue, the Washington Monument and the Lincoln Memorial for the inauguration festivities. None of these spots will be open for protesters."