* Mountain out of a molehill…
A small investment firm launched by GOP gubernatorial candidate Bruce Rauner was involuntarily dissolved by Secretary of State Jesse White last month because of what Rauner’s campaign characterized as an “inadvertent” paperwork snafu on the candidate’s part.
Gov. Pat Quinn’s campaign immediately jumped on the disclosure as proof that Rauner is “again cheating on his taxes” and is unfit to run state government, which he has said he wants to operate like a business.
Oh, please. It’s a fee. It’s not a tax.
* This is more serious, but pretty darned old. From the union-backed Illinois Freedom PAC press release…
Another Failure of a Rauner Company to Pay Illinois Taxes Discovered
Rauner’s former company, GTCR, failed to pay nearly $13,000 in taxes in 2005
Chicago, IL – Multimillionaire GOP gubernatorial candidate Bruce Rauner’s company, GTCR, failed to pay nearly $13,000 in unemployment taxes in 2005, which resulted in the State of Illinois placing a lien on the business. Rauner was a principal at GTCR from 1981 to 2012.
The news comes a day after a Chicago Sun Times report on a “clear failure” by Rauner’s current company, R8, to pay the state’s business license fee.
Ironically, Rauner released a campaign document yesterday decrying special interests that do not pay their fair share in taxes.
“It’s the height of irony for Rauner to complain about taxes when his companies have failed to pay them,” said Neal Waltmire, Communications Director for Illinois Freedom PAC. “It’s further proof that Illinois’ middle class can’t trust Bruce Rauner.”
* And from the Quinn campaign regarding Rauner’s push to reform EDGE tax credits and other government incentives to business…
DECLARES WAR ON CORPORATE WELFARE AFTER PROFITS ALREADY MADE FROM CORPORATE WELFARE
Bruce Rauner’s pamphlet also addresses the issue of corporate welfare. News reports show that Griffin and his billionaire pals have directly benefited from corporate welfare.
Not only has Billionaire Bruce’s funder-in-chief Ken Griffin directly benefited from hundreds of millions of dollars in TARP bailout money, Rauner himself, through the GTCR vulture capitalist house he helped to found and build, received millions of dollars in largesse from taxpayers.
* GTCR health benefits company APS Healthcare, which also is the subject of a current fraud lawsuit, has received more than $1.3 million in tax credits/rebates/grants/loans from New York since 2008. Read more here.
* The GTCR outsourcing company Zenta got $8.5 million incentive package from North Carolina in 2010. Read the story here.
* The GTCR electronic payment processor National Processing Company got $4.2 million from the Kentucky Business Investment Program in 2007 and 2010. Read about it here and here.
* The GTCR company CuraScript Pharmacy received a $1.868 million Qualified Target Industry Refund in Florida in 2003. Later that year, GTCR sells the company to Express Scripts. Read more here and here.
* GTCR medical device company Devicor received a $1.48 million Job Creation Tax Credit in Ohio in 2010 and $130,000 in other assistance in 2011 and 2012. Read more here and here.
* And speaking of that union PAC…
A union-backed political group that spent more than $3.4 million bashing GOP gubernatorial hopeful Bruce Rauner during the Republican primary is back for a second swing at him, having replenished its war chest with hundreds of thousands of dollars in recent days.
Illinois Freedom PAC, whose heavy spending was almost enough to knock Mr. Rauner out in the March 20 primary, has raised a little more than $700,000 this month, with the bulk from two unions: $325,000 from an affiliate of the Illinois Federation of Teachers, and $330,000 from the American Federation of State, County and Municipal Employees. Another $50,000 has come from the national Democratic Governors Association.
The donation represents only about a quarter of the $2.5 million in new funding the Rauner campaign received on June 11 from Chicago finance mogul Ken Griffin, but it is still a nice chuck of cash that will keep Mr. Quinn and/or his issues on TV without having to dip into his own cash pile.