ILLINOIS | IL-gov

Rauner Attacks Pritzker on Finances

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

Danielle Bernstein
Add to Briefcase
See more stories about...
Danielle Bernstein
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 »
“VAULT 7”
Additional Charges Added in Wikileaks Case
16 minutes ago
THE LATEST

"Federal prosecutors have charged a former software engineer at the center of a huge C.I.A. breach with stealing classified information, theft of government property and lying to the F.B.I. The engineer, Joshua A. Schulte, 29, of New York, had been the main suspect in one of the worst losses of classified documents in the spy agency’s history. Government investigators suspect that he provided WikiLeaks, the anti-secrecy organization, with a stolen archive of documents detailing the C.I.A.’s hacking operations, but they had not initially charged him in that crime."

Source:
BUT HE ASKS FOR $200 BILLION MORE IN TARIFFS
Senate Defies Trump on ZTE
16 minutes ago
THE LATEST

"The Senate voted Monday to reimpose the U.S. ban on Chinese telecom giant ZTE, in a rebuke to President Donald Trump and his efforts to keep the company in business. The provision targeting ZTE was part of the National Defense Authorization Act, a must-pass defense spending bill that cleared the Senate by a vote of 85-10. It must now be reconciled with the House version of the measure, which takes a narrower approach to ZTE." Separately, Trump is directing U.S Trade Representative Robert Lighthizer to identify $200 billion more in tariffs on Chinese products.

Source:
OFFERED TO SELL DIRT ON CLINTON FOR $2 MILLION
Roger Stone Says He Forgot About Meeting with Russian
19 hours ago
THE LATEST

"Two longtime associates of President Donald Trump are now acknowledging a previously undisclosed contact in May 2016 with a Russian who they say offered dirt on Hillary Clinton. Roger Stone and Michael Caputo say they forgot to tell investigators about their contact with a Russian national who goes by the name Henry Greenberg — even though they say Greenberg offered to sell incriminating information to the Trump campaign for $2 million."

Source:
MCCONNELL WANTS A TREATY
Senators Want to Rubber Stamp Any North Korean Deal
6 days ago
THE LATEST

"As Trump signed a joint statement with Kim Jong Un that offered few details on how the North Korean leader would make good on his vow to denuclearize, Republicans on Capitol Hill said Tuesday that they want and expect the White House to submit any final agreement for their approval." Senate Majority Leader Mitch McConnell called for any agreement to be in the form of a treaty.

Source:
UNLESS NEGOTIATIONS GO BADLY
Trump To Halt “War Games” On Korean Peninsula
6 days ago
THE LATEST

President Trump announced that the United States will suspend "war games" with South Korea, which are "inappropriate" given his meeting with North Korean leader Kim-Jong Un. "We will be stopping the war games which will save us a tremendous amount of money," said Trump, "unless and until we see the future negotiation is not going along like it should." The military exercises "carried out each year by the US and South Korean militaries have been consistently cited by Pyongyang as a US rehearsal for war, and a reason it needs to build a nuclear arsenal."

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