LIVE session coverage...
SUBSCRIBE to Capitol Fax      Advertise Here      Mobile Version     Exclusive Subscriber Content     Updated Posts    Contact
CapitolFax.com
To subscribe to Capitol Fax, click here.
Question of the day

Monday, Nov 30, 2009

* Treasurer and Democratic US Senate hopeful Alexi Giannoulias released his tax returns last week

The first-term treasurer has been criticized by Democratic Senate opponent David Hoffman for large Broadway Bank payouts to him and his family.

In all, there were $70 million in payouts in 2007 and 2008. Giannoulias’ campaign said the payouts were was triggered by the 2006 death of Giannoulias’ father, Alexis, who founded Broadway Bank. His will called for estate and income taxes to be paid for with dividend payments from the sale of Broadway shares, the campaign said.

Alexi Giannoulias’ portion of those payouts totaled $2.5 million — $1 million of which he has said went to pay income taxes. The campaign has noted that Alexi Giannoulias didn’t have a say in whether to sell the shares because he divested himself of his voting shares when he was elected treasurer.

GOP gubernatorial candidate Bob Schillerstrom says he won’t release his returns

“I feel strongly about full disclosure in government, but I do not believe posting my personal tax returns, or the tax returns of the other candidates for governor, would further the public interest in any tangible way. I have yet to hear anyone make a compelling argument how this would benefit voters,” he replied to an Associated Press questionnaire.

Bill Brady released his returns the last time he ran for governor, but won’t this time. Green Party gubernatorial candidate Rich Whitney also refuses…

“It’s time to stop looking at trendy gimmicks as a pathway to clean government, and time to look at the real public policies needed to establish it,” Whitney said.

* The Question: Do you think it’s important for candidates to release their tax returns? Explain.

- Posted by Rich Miller        


26 Comments
  1. - Skeptical Cynic - Monday, Nov 30, 09 @ 10:51 am:

    You asked this same question a month ago or so.


  2. - Just Observing - Monday, Nov 30, 09 @ 10:53 am:

    No… Rich Whitney said it best. I think all that is important is that candidates (or maybe upon being elected) disclose potential conflicts of interest. So, if a public official maintains ownership interest in, let’s say a construction firm, then steps can be taken to help ensure that the public official cannot direct contracts toward the firm.


  3. - David Ormsby - Monday, Nov 30, 09 @ 10:54 am:

    Yes.

    The release is a confidence-building between a candidate and the voters. Voters routinely harbor suspicions regarding the potential clash between politicians’ official duties and their personal financial interests.

    Refusing to release the returns, in light of its established practice, fuels suspicions in voters’ minds–legitimate or not–they have something to hide.

    It’s boneheaded, politically, to dodge the disclosure and wrap the refusal in weasel words.


  4. - John Bambenek - Monday, Nov 30, 09 @ 11:01 am:

    David-

    I find it amusing you’re agreeing with Adam Andrzejewski on a matter of policy ;)


  5. - Little Egypt - Monday, Nov 30, 09 @ 11:03 am:

    Yes. What are they afraid of? Perhaps that we, the voters, are not quite as naive as they hope. If they don’t want to fully disclose their finances, then don’t run for office. This isn’t the 1800’s and they better get used to a nagging press and the questions that will follow. Be able to run with the big dogs or stay on the porch and out of the campaign.


  6. - OneMan - Monday, Nov 30, 09 @ 11:12 am:

    It’s not a bad idea, I was rather entertained when I went to the Thompson center to look at Quinn’s and an aid watched me and took notes the entire time I was looking at the returns.

    He spelled my name really wrong btw on his notes.

    So if you are going to do it don’t be a tool about it, otherwise don’t bother.


  7. - ahoy - Monday, Nov 30, 09 @ 11:15 am:

    No, I think this flies in the face of privacy and has no public good. AS a voter I don’t need to know how much people make.


  8. - Rich Miller - Monday, Nov 30, 09 @ 11:19 am:

    ===You asked this same question a month ago or so.===

    Nope. I asked whether it should be required a month or so ago.


  9. - VanillaMan - Monday, Nov 30, 09 @ 11:26 am:

    I think it is important, but not compulsory. It is a campaign tactic that could end some personal issues, but in many cases, does not.

    Overall, I don’t recommend it unless the move fits the candidate’s image, or compliments it. If a candidate wishes to sell themselves as a regular fellow - releasing personal tax information is OK. If a candidate wishes to trump the importance of transparency - same thing.

    But in Giannoulais’ case, these things really don’t end the negative consequences of political opposition abusing his Broadway Bank ties. He is damned if he does - or does not. By releasing them, he runs the risk of pandering to the questions surrounding his financial past, and if he does not, he risks questions surrounding his Broadway Bank ties, anyway.

    Conclusion: it is a political tactic.


  10. - Louis G. Atsaves - Monday, Nov 30, 09 @ 11:28 am:

    No. There are other documents that can be filed disclosing potential conflicts of interest, including those current office holders and certain state employees need to file.


  11. - wordslinger - Monday, Nov 30, 09 @ 11:36 am:

    Mildly important, but not a necessarily a deal-breaker. A candidate who does gets more points for openness.

    I think, for the most part, you don’t need to see someone’s tax returns to get a sense if they’re susceptible to corruption. It’s not like anyone’s been going out of their way to hide that recently.


  12. - zatoichi - Monday, Nov 30, 09 @ 11:47 am:

    I fall on both sides of this while leaning to release the info. Releasing tax info has become a basic assumption of somehow showing honesty and a clean financial/conflict of interest. The privacy issue drifts into a ‘why do I need to know that’ area. A basic assumption is you have to have personal money because if you don’t, you probably do not have the contacts to run a major campaign. While I cannot think of a significant candidate who got dinged by something on their tax forms, I am also assuming if you got a trouble area, you need some new tax reps. The issue will come out anyhow. However people have come to expect it so if you do not want to do it, why you running? Refusing to release the tax forms strikes a Helmsley attitude of ‘taxes are for the little people’. If you want to be a public servant, you need to think real hard on how public you want to be.


  13. - DuPage Dan - Monday, Nov 30, 09 @ 1:01 pm:

    I think it is more important to know where a candidate is getting money - disclosure of campaign donations in real time.


  14. - Yellow Dog Democrat - Monday, Nov 30, 09 @ 1:24 pm:

    I think interviews with the wait staff in restaurants they frequent would be much more telling.

    Character is how you act when no one is looking.


  15. - MrJM - Monday, Nov 30, 09 @ 1:44 pm:

    Yes. Bob Schillerstrom is not just a GOP gubernatorial candidate he’s also Chairman of the DuPage County Board.

    Voters deserve to see if his returns show that he’s enriched himself at the taxpayer’s expense.

    (Ain’t it funny how the law ‘n’ order Republicans say, “If you’ve done nothing wrong, you’ve got nothing to hide” right up until it’s them doing the hiding.)

    – MrJM
    http://twitter.com/misterjayem


  16. - The Prophet - Monday, Nov 30, 09 @ 1:56 pm:

    Unless I missed something, this morning’s AP article in the Chicago Sun-Times managed to comment on all of the GOP gubernatorial candidates and their campaign stance regarding publicly revealing their income tax returns except for the GOP gubernatorial candidate Dan Proft? I may be a bit cynical and suspicious but I wonder if this was a deliberate slight on the Sun-Times part toward Proft or if his name was just inadvertantly overlooked? Incidentally, based on the AP article in other newspapers, Proft said that he was more than willing to show his income tax returns.
    I like Proft as a GOP candidate so maybe I am being a bit too thin-skinned on what seems to be an example of “ignore somebody and they will eventually go away”. If I am wrong or if I am overlooking something, I will apologize in advance for my error and my suspicious nature when it comes to politics. And yes, I feel that if an individual has nothing to hide and wants to run for public office, than the candidate’s belief in “transparency” for the voter and it’s practice is extremely important.


  17. - Thomas Westgard - Monday, Nov 30, 09 @ 2:44 pm:

    I think it’s important for candidates to release their tax forms. We have an extensive problem with corruption in this state, and we need to guard against misuse of public office for private gain. One piece of that puzzle is knowing where the officeholder stands to gain. And a tax form is the gold standard for the consequences of fraudulently misstating one’s assets.

    I also note what’s missing here - not only are they refusing to release a total disclosure, but they are refusing ANY disclosure. They could extensively redact the document as a middle ground. Another alternative would be to withhold the tax forms but provide an extensive and detailed written plan on transparency in government, accompanied by an affidavit regarding what they do and don’t own.

    There are many options to act as a proactive leader on the issue, rather than the lazy and cowardly course of simply saying no. So since they are not doing that, it leaves me thinking that these candidates are lying now and planning to steal later.


  18. - Downstate Commissioner - Monday, Nov 30, 09 @ 2:50 pm:

    Nah, not necessary. First of all, only the election junkies or scandal-monger press bother to go through them; second of all, everybody knows that all politicians are crooks anyway with accountants, so what’s the difference?
    (Before some thin-skinned idiot jumps to defend his candidate, I am a local elected official, which makes me a politician, which makes me a crook- simple logic. If you’re in politics, you live with the brand…true or not)


  19. - Downstate Commissioner - Monday, Nov 30, 09 @ 2:54 pm:

    Mr. Westgard, ALL candidates have to fill out and sign a financial disclosure statement and file with the election board; a copy of the receipt HAS to be filed with nominating papers: they can’t “refuse ANY disclosure.”


  20. - Hoffman hammering - Monday, Nov 30, 09 @ 3:12 pm:

    Here’s the Hoffman campaign hammering Alexi for saying that the $2.5 million he received from Broadway Bank was “minimal”: http://www.hoffmanforillinois.com/blog/details/minimal_amount


  21. - Nihilate - Monday, Nov 30, 09 @ 4:11 pm:

    I agree that thee tax returns dont need to be released. however, there should be something that lets voters know the candidate has paid theeir taxes correctly prior to running.


  22. - Ghost - Monday, Nov 30, 09 @ 4:16 pm:

    I pretty much follow Words sentiments….

    But I would add they should have to disclose who cuts/styles their hair; and all sermons from any religious services conducted at any church/temple they have attended for the last 5 years.

    Oh and whether they support the Sox or the Cubs should be disclosed as part of the petition filing process.


  23. - Rich Miller - Monday, Nov 30, 09 @ 4:21 pm:

    ===Oh and whether they support the Sox or the Cubs should be disclosed as part of the petition filing process. ===

    Now, that’s an important disclosure.


  24. - Anonymous - Monday, Nov 30, 09 @ 4:55 pm:

    ===
    …disclosure of campaign donations in real time.
    ===

    I think Gidwitz did that fairly effectively during his Gov race. Did anyone else? I kind of liked that.


  25. - Louis Howe - Monday, Nov 30, 09 @ 8:20 pm:

    Yes….disclosing the last 3 years tax returns would give voters insight into the source of the candidate income and the extent used to avoid paying taxes. It’s really a no brainer. Public office requires public discloser of income.


  26. - Anonymous - Tuesday, Dec 1, 09 @ 9:09 am:

    Oh, good. You saw that last post that someone had made and deleted it. Odd.


Sorry, comments for this post are now closed.


* *** UPDATED x3 *** Quick stopgap budget roundup
* *** UPDATED x1 - Video *** Comptroller Munger to "reassess" lawmaker pay delay
* Silver: Trump is gonna get trounced in Illinois
* K-12 preliminary analysis
* What's in the BIMP?
* More heroin/Fentanyl deaths than traffic fatalities
* BGA takes a look at an anti-union group
* What's at stake today
* Question of the day
* SUBSCRIBERS ONLY - Supplement to today’s edition
* *** LIVE *** Session Coverage
* SUBSCRIBERS ONLY - Today's edition of Capitol Fax (use all CAPS in password)
* Yesterday's blog posts

Support CapitolFax.com
Visit our advertisers...

...............

...............

...............

...............

...............


Search This Blog...

Search the 98th General Assembly By Bill Number
(example: HB0001)

Search the 98th General Assembly By Keyword

  
* No red OnePlus 3 for you
* Facebook to Shut Down 'Paper' News Creation and Curation App
* Second HTC Nexus device, “Marlin,” has specs leaked
* Rumors say 64GB iPhone 7 off the table
* Apple may acquire Tidal
* Apple might buy Jay Z’s Tidal music app
* Spotify frames Apple as anti-competitive in app update fracas

* Davidson fractures foot in anticipated return to Majors
* Anderson displays development, all-around game
* Shuck N thrive: No. 9 hitter lifts White Sox over Twins
* Could Burdi make big leagues months after Draft?
* Davidson back in big leagues with White Sox
* For first time since big trade, Shields delivers
* No longer the future, Matt Davidson is finally present

...............


Main Menu
Home
Illinois
YouTube
Pundit rankings
Obama
Subscriber Content
Durbin
Burris
Blagojevich Trial
Advertising
Updated Posts
Polls

Archives
June 2016
May 2016
April 2016
March 2016
February 2016
January 2016
December 2015
November 2015
October 2015
September 2015
August 2015
July 2015
June 2015
May 2015
April 2015
March 2015
February 2015
January 2015
December 2014
November 2014
October 2014
September 2014
August 2014
July 2014
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
May 2013
April 2013
March 2013
February 2013
January 2013
December 2012
November 2012
October 2012
September 2012
August 2012
July 2012
June 2012
May 2012
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005
April 2005
March 2005
February 2005
January 2005
December 2004
November 2004
October 2004

Blog*Spot Archives
November 2005
October 2005
September 2005
August 2005
July 2005
June 2005
May 2005

Syndication

RSS Feed 2.0
Comments RSS 2.0
WordPress

Loading


* The Latest: Rauner signs stopgap budget deal - .....
* Brown: Rauner, legislators wise to slow down on.....
* Rauner signs stopgap budget deal - Fox 32 Chicago..
* The Latest: Rauner signs stopgap budget deal - .....
* The Latest: Rauner signs stopgap budget deal - .....
* Rauner signs temporary budget deal - nwitimes.com..
* Illinois lawmakers, governor OK stopgap spendin.....
* Illinois lawmakers, governor OK stopgap spendin.....
* The Latest: Rauner signs stopgap budget deal - .....
* The Latest: Rauner signs stopgap budget deal - .....


* Attention turns to court in Illinois remap ballot question
* Judge declares mistrial in murder trial after witness shot
* Illinois jury awards 12-year-old $53M in birth injury case
* Attorneys due in court over Illinois redistricting lawsuit
* Judge hopes to name Van Dyke special prosecutor by August
* Gun shop raffling AR-15 rifle to benefit Orlando victims
* The latest: Illinois lawmakers begin advancing budget deal
* The latest: Illinois House approves 1st parts of budget deal
* Dynegy plans to shutter 1 unit at Baldwin plant by October
* Illinois governor, lawmakers nearing budget deal

* Rauner attends State Museum reopening ceremony, thanks staff
* Lawmakers approve stopgap spending deal, Rauner signs it
* State spending deal OK'd, Rauner signs it
* Illinois House and Senate OK stopgap spending deal
* Recap: Thursday's budget votes at the Illinois Capitol
* Illinois House OKs stopgap spending deal, sends to Senate
* Illinois lawmakers begin voting on stopgap spending deal
* House committee approves some budget bills; members in meetings to hear details
* Follow live: Budget negotiations at the Illinois Capitol
* Follow live: Budget votes at the Illinois Capitol

* Why we should be excited about Obama library architects pick
* Illinois bonds gain as state moves to temporarily halt budget impasse
* Indianapolis shows another side with new Cultural Trail
* Steve Yahn, Crain's first editor, dies at 69
* Pentagon ends ban on transgender troops in military


* First store opens at Englewood Square, soon home to Whole Foods
* More than 1,000 without power after ComEd vault fire
* Woman shot, seriously wounded in Chatham
* Cubs have been great, though 2005 White Sox were even better
* Brown: Rauner, legislators wise to slow down on the victory laps
* Police: Robbers targeting people inside Loop restaurants
* Collins: Arrieta ‘near top of the list’ to start All-Star game
* Mosquitoes test positive for West Nile virus in Highland Park
* Sneed: Ditka reaffirms support for Trump, rips GOPers who don’t
* Smokers, businesses unhappy as age to buy tobacco rises to 21


* Conviction vacated, new trial granted for Adnan Syed of 'Serial'
* Judge blocks Indiana genetic abnormality abortion law
* Syria's refugee children have lost all hope
* Durbin sees 'appearance of impropriety' as Obama associates pursue for-profit university deal
* Young couple convicted in Bali suitcase murder break up
* Kris Bryant's HR vaults Cubs to 2-0 lead in 4th
* Judge still mulling who to appoint to prosecute cop in Laquan McDonald killing
* Vernon Hills man charged with sexually assaulting teen he met on Facebook
* Judge threatens city of Chicago over failure to turn over documents
* Mayor Emanuel says Chicago schools will open on time this fall


* Rauner attends State Museum reopening ceremony, thanks staff
* Lawmakers approve stopgap spending deal, Rauner signs it
* Ann McFeatters: Clinton won't pick risky Warren as running mate
* State spending deal OK'd, Rauner signs it
* Illinois House and Senate OK stopgap spending deal
* Our View: Stopgap was necessary, but not cause for celebration
* Recap: Thursday's budget votes at the Illinois Capitol
* Illinois House OKs stopgap spending deal, sends to Senate
* Illinois lawmakers begin voting on stopgap spending deal
* House committee approves some budget bills; members in meetings to hear details


* NEW: Stopgap spending bill passed, signed
* PODCAST: Sports Talk 06-30-16
* Updated: Hershey rejects kiss from chocolate competitor
* UPDATED: Illinois OKs stopgap spending deal, governor will sign
* Street closures listing
* Meet Peoria Public Schools' new student board members
* 06-30-16 Penny for Your Thoughts
* 06-30-16 Jim Turpin with Linda Moorhouse on Ice Cream and Independence @TheVirginia
* BEAT THE HEAT
* UPDATED: Boil order in effect in Pesotum


* Bad break for debuting Davidson as Sox beat Twins 6-5
* Partial budget passes; schools, social services to be funded
* Former Rolling Meadows teacher pleads not guilty to assault charges
* Judge Judith Brawka is retiring after 25 years on bench
* Second Oak Brook family sues Butler District 53 in cheating scandal

* House lawmakers overcome hurdle on key tra...
* Rodney Davis talks funding with Bloomingto...
* The agency that fought Illiana gets a new ...
* Rep. Dold takes educational cruise down Ch...
* Lawmakers decry high turnover rate of VA h...
* CBD Oil, and politics
* Simon considering state Senate bid
* Killer Congressman Tom MacArthur trying to...
* Shutdown? State may not notice
* Rep. Bob Dold

* Durbin sees 'appearance of impropriety' as......
* Durbin: Obama pal's ties to for-profit uni......
* Obama administration ties to University of......
* Dick Durbin admits he ordered the FBI to p......

* Talk of the County - Chicago Tribune...
* Talk of the County: Stricter enforcement n......

* Labor needs to undercut President Obama’s TPP at the Democratic Convention
* Positive Loitering Friday Night, 6pm-7pm
* "Pokiology" Coming To Wilson Avenue
* UPDATE X1: State legislature agrees on stop gap measure to keep schools open, services for vulnerable and seniors available
* UPDATE X2: State legislature agrees on stopgap measure to keep schools open, services for vulnerable and seniors available
* House agrees on stop gap measure to keep schools open, services for vulnerable and seniors available
* Karl on Brexit.
* In 2013 , my brother wrote some more about “our friend,” Lamar.
* Thorner/O'Neil: Brexit's Fine Line Between Committing and Correcting
* Giovanetti: Trade is Good and Normal


* Emergency Management Officials, National Weather Service Encourage Winter Preparedness - November is Winter Weather Preparedness Month in Illinois
* Keep Your Family Safe This Winter - November through February are leading months for carbon monoxide related incidents
* Governor Takes Bill Action
* Illinois Department of Labor Director Hugo Chaviano Awards Governor’s Award for Contributions in Health and Safety to the Illinois Refining Division of Marathon Petroleum Company LP
* State Regulator Elected Treasurer of Interstate Medical Licensure Compact




Hosted by MCS -- CapitolFax.com Privacy Policy -- SUBSCRIBE to Capitol Fax -- Advertise Here -- Mobile Version -- Contact Rich Miller