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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Special counsel Robert Mueller "is now demanding documents from the department overseeing his investigation." A source tells ABC News that "Mueller's investigators are keen to obtain emails related to the firing of FBI Director James Comey and the earlier decision of Attorney General Jeff Sessions to recuse himself from the entire matter."
"President Donald Trump would not insist on including repeal of an Obama-era health insurance mandate in a bill intended to enact the biggest overhaul of the tax code since the 1980s, a senior White House aide said on Sunday. The version of tax legislation put forward by Senate Republican leaders would remove a requirement in former President Barack Obama’s signature healthcare law that taxes Americans who decline to buy health insurance."
"Members of Congress with histories of mistreating women should be extremely nervous. Major outlets, including CNN, are dedicating substantial newsroom resources to investigating sexual harassment allegations against numerous lawmakers. A Republican source told me he's gotten calls from well-known D.C. reporters who are gathering stories about sleazy members."
"Christopher Steele, the former British intelligence officer who wrote the explosive dossier alleging ties between Donald Trump and Russia," says in a new book by The Guardian's Luke Harding that "Trump's land and hotel deals with Russians needed to be examined. ... Steele did not go into further detail, Harding said, but seemed to be referring to a 2008 home sale to the Russian oligarch Dmitry Rybolovlev. Richard Dearlove, who headed the UK foreign-intelligence unit MI6 between 1999 and 2004, said in April that Trump borrowed money from Russia for his business during the 2008 financial crisis."