ILLINOIS | IL-gov

Rauner Attacks Pritzker on Finances

The attack opened up Rauner’s own vulnerability on the issue of tax evasion.

Dec. 6, 2017, 11:09 a.m.

Gov. Bruce Rauner (R) went after billionaire J.B. Pritzker (D) for his finances on Tuesday, “suggesting that the only way the billionaire could have reported just $16 million in income last year was if he was a lousy investor or a sneaky tax dodger — or both.”

“The Rauner campaign released a statement on Tuesday morning, accusing the Pritzker family of a ‘history of off-shore holdings and avoiding taxes.’ At issue is the lack of information about Pritzker’s trusts.

“In response, the Pritzker campaign eventually denied the tax evasion allegations,” saying “the trusts involve ‘other people, businesses, etc and it would be improper to reveal this info because he is running for governor.’” (Chicago Sun-Times)

OFFSHORE ACCOUNTS. Even as Rauner attacked Pritzker for offshore assets, he admitted “that some of his own fortune could be socked away there as well. … Rauner had his own troubles explaining his tax bill in 2014, after his returns revealed that most of the millions he’d made in the years leading up to his candidacy had been taxed at 15 percent, less than half the top federal rate for the wealthy” by employing a tax avoidance strategy. “Rauner’s economic disclosure forms when he first ran for governor revealed that he was an investor in several of” the private equity form “GTCR’s investment pools registered in the Cayman Islands.

“Asked Tuesday about his current holdings in offshore investments, Rauner dismissed the question as ‘spin.’” (Chicago Tribune)

BISS BITES. While Rauner and Pritzker sparred over their finances, state Sen. Daniel Biss’ (D) campaign called the candidates “two sides of the same shiny gold coin,” adding that “success in business doesn’t equate to success in government.” (Capitol Fax)

What We're Following See More »
NO INDICTMENTS SINCE JANUARY
Mueller's Team Down to 10 Lawyers
1 days ago
THE LATEST

"Mueller’s team, once filled with 17 lawyers, will soon be down to 10. The special counsel’s office confirmed in recent days that Zainab Ahmad’s detail has ended, and Andrew Weissmann will soon be leaving for the private sector. No one has been charged by the special counsel since longtime Trump adviser Roger Stone was indicted in January for allegedly lying to Congress."

Source:
HE PLANNED TO LEAVE MID-MARCH
Rosenstein Not Leaving DOJ Yet
2 days ago
THE LATEST
MANAFORT STEERED HIM WORK IN UKRAINE
Prosecutors Weighing Whether to Charge Greg Craig
3 days ago
THE LATEST

A long-running federal investigation into former Obama White House counsel Gregory Craig "is reaching a critical stage, presenting the Justice Department with a decision about whether to charge a prominent Democrat as part of a more aggressive crackdown on illegal foreign lobbying." Federal prosecutors in New York have transferred the case to Washington. ... The investigation centers on whether Mr. Craig should have disclosed work he did in 2012 — while he was a partner at Skadden, Arps, Slate, Meagher & Flom — on behalf of the Russia-aligned government of Viktor F. Yanukovych, then the president of Ukraine. The work was steered to Mr. Craig by Paul Manafort."

Source:
AUTHORIZED TO UNLOCK PHONES
Feds Raided Broidy's Offices Last Year
3 days ago
THE LATEST

"Federal authorities raided the office of Republican fundraiser Elliott Broidy last summer, seeking records related to his dealings with foreign officials and Trump administration associates, according to a sealed search warrant obtained by ProPublica. Agents were authorized to use the megadonor’s hands and face to unlock any phones that required fingerprint or facial scans."

Source:
REPUBLICANS SAID VOTE WAS A WASTE OF TIME
House Approves Resolution to Release Mueller Report, 420-0
1 weeks ago
THE DETAILS

"The House on Thursday overwhelmingly passed a resolution calling on the Justice Department to make special counsel Robert Mueller’s findings and full report public and available to Congress. The 420-0 vote came after a fiery debate on the House floor, during which some Democratic lawmakers were admonished for their criticisms of President Donald Trump. Republicans said the resolution was unnecessary and a waste of time, but ultimately joined Democrats to approve it. Four Republicans — Reps. Justin Amash of Michigan, Matt Gaetz of Florida, Paul Gosar of Arizona, and Thomas Massie of Kentucky — voted 'present.'"

Source:
×
×

Welcome to National Journal!

You are currently accessing National Journal from IP access. Please login to access this feature. If you have any questions, please contact your Dedicated Advisor.

Login