SUBSCRIBE to Capitol Fax      Advertise Here      Mobile Version     Exclusive Subscriber Content     Updated Posts    Contact
CapitolFax.com
To subscribe to Capitol Fax, click here.
Multiple Rauner oppo dumps

Thursday, Jun 26, 2014

* 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.

Examples include:

    * 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.

Discuss.

- Posted by Rich Miller        


15 Comments
  1. - abc123 - Thursday, Jun 26, 14 @ 10:28 am:

    This site has become a great example of why campaign finance reform can never work. It’s essentially an anti-Rauner platform, funded mostly by Dem incumbents. Repeal Citizens United and you’d just have more money flowing into sites like this through subscriptions, ads or whatever.


  2. - Chicago Cynic - Thursday, Jun 26, 14 @ 10:34 am:

    Oh please Quinnsters. Please learn the lessons from the boy who cried wolf. If your rhetoric is OTT nuclear on every little thing, nobody will notice when something is really important. It’s a freakin fee.

    Also, Quinn opponents, can you please learn how to stage these things so they don’t all get lost in one big dump.


  3. - walker - Thursday, Jun 26, 14 @ 10:35 am:

    On point, given Rauner’s statements.

    Is this why he said he wanted to “reform” corporate tax credits in his “Step 3″, not end them.

    Would Rauner agree these credits should not have been paid to his affiliated companies? Would he end using tax credits as a tool in competing with other states for company locations?

    Or is his “Step 3″ just hot air?


  4. - Chicago Cynic - Thursday, Jun 26, 14 @ 10:35 am:

    abc123, are you completely blind? This site is an equal opportunity offender. Just look at today and then take a breath.


  5. - DuPage - Thursday, Jun 26, 14 @ 10:41 am:

    The unions will go all out on this. Rauner already stated he thought “union bosses” were the problem. I expect if Rauner is elected, he will work to repeal the right of public employees to have representation, abolish prevailing wage, and make Illinois a right to work state.
    If the unions don’t fight back against a candidate like that, they are asleep at the switch.


  6. - Chris - Thursday, Jun 26, 14 @ 10:42 am:

    “abc123, are you completely blind?”

    At least exceptionally myopic and blinkered.

    All that “Dem incumbent” money has really worked well for Blago and Rahm around here, right? No negative coverage of them, as incumbents.


  7. - Oswego Willy - Thursday, Jun 26, 14 @ 10:45 am:

    - abc123 -,

    Give it a half hour, the Dems will scream that Rich is hammering at a Dem about something too..


  8. - OneMan - Thursday, Jun 26, 14 @ 10:50 am:

    abc123 –

    As one of the ‘Rauner’ defenders as it were, no this site isn’t anti-Rauner

    It does understandably and not surprisingly considering it’s subject matter attract a state employee or two to it’s comments section.

    Also I would argue not surprisingly that some of these folks are not going to be real Rauner fans. There are plenty of people who do not work for government who are also not Rauner fans.

    The thing I would suggest you notice is that there are not a whole lot of Pat Quinn fans here IMHO, the may think Quinn is a better pick than Rauner but there are not a whole lot of people who seem to have the attitude of “Thank The Supreme Being you may or may not believe in we might have another 4 years of Pat Quinn”

    Also as a member of the anyone but Quinn squad as it were, some of what they complain about in terms of Rauner is right on the money. But like some feel anyone is a better choice than Rauner, at this point some of us feel the same way about Quinn..


  9. - LincolnLounger - Thursday, Jun 26, 14 @ 10:57 am:

    Where are the great minds and high-priced talent of the Rauner campaign? Did they not do an opposition research project on their own candidate? Did they not anticipate this Quinn blowback? Just what the heck are they doing except re-packaging wax fruit and trying to convince us it’s fresh?

    I really do not understand, but I’m beginning to think that the Emperor and his court have no clothes.


  10. - Anon. - Thursday, Jun 26, 14 @ 11:05 am:

    Saying “Rauner took advantage of tax credits and grants and now claims to want to fix or end them” sure sounds bad, but when you think about it, it’s the exact equivalent of saying “Quinn participated in the state retirement system for decades and now claims he was put on earth to fix it.” If there is any difference, it is that Rauner would have to answer to his investors for not taking money that the states waved at his companies while Quinn wouldn’t have had to answer to anyone if he chose to work for free all these years.


  11. - A guy... - Thursday, Jun 26, 14 @ 11:12 am:

    It’s Thursday. Just another day. More of the same. I wouldn’t say this is an “anti-Rauner” site. It’s a neutral (enough) site with a lot of anti-Rauner sentiment. Big Whoop. There are more than a “couple” state employees here, so that’s a little disingenuous. For the most part, with few exceptions, the loyal opposition are treated with decency. It’s definitely not a Pro-Quinn site. Everyone’s laundry is fair game here. The key: don’t change clothes too often, you’ll get noticed.


  12. - truthteller - Thursday, Jun 26, 14 @ 11:45 am:

    It’s been so long,but let us remember that Illinois has produced many government reformers, Adlai E. Stevenson, Paul Douglas, Paul Simon,Ab Mikva.
    Does anyone seriously believe that Bruce Rauner is of their tradition? Is he going to try to curb the power of big business? Clean up our environment. Clamp down on utility companies which gouge consumers.
    Other than crushing unions which are the only voice for working people, Rauner would allow business, and I mean business, as usual.
    Workers and consumers, watch out!


  13. - Formerly Known As... - Thursday, Jun 26, 14 @ 12:20 pm:

    == nearly $13,000 ==

    Golly, that’s less than the $15,770 the NRI gave to the ghost prisoner re-entry program at the day care we read about yesterday.

    But yes, cue the outrage.


  14. - I am back - Thursday, Jun 26, 14 @ 2:12 pm:

    They (the Dems) don’t get it, and that’s why they will lose. If they are gonna throw knives, then at least throw sharp ones. It is as if the “Little Boy Who Cried Wolf” is running the Quinn Campaign. Sooner or later, somebody needs to take charge of the Quinnster’s campaign.
    Come on—-“again cheating on his taxes”. This is a pitiful attempt. The Quinn Guard need to call a team meeting this afternoon, and revamp strategies. Of course, this is just one man’s opinion.


  15. - bigdaddygeo - Thursday, Jun 26, 14 @ 2:55 pm:

    Rauner may get some traction on ‘ending corporate welfare’ from non Repubs but not enough to matter because everyone knows both Q and R are inconsistent.

    Let’s be honest, if private equity firms like GTCR were are evil as Quinn and Illinois Freedom PAC say, then, well, places like the Illinois Teachers Pension Plan should divest the ~ 11% of its assets in Private Equity. Quinn and the GA could pass legislation prohibiting pension plans from holding private equity.

    If Quinn doesn’t like special tax deals to companies like Sears or Merc, he should veto them. If he likes them, he should do more.


Sorry, comments for this post are now closed.


* Harris wants budget working group reinstated
* There are only two "sides" to pick from
* Because being governor apparently isn't enough work
* Yingling's second inartful Madigan dodge
* It's time to start taking this threat seriously
* "Personal economic coercion" harshly denounced
* Emanuel wants Rauner to publicly side with him on sanctuary cities issue
* 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

  
* Deal: Save $100 on the Asus Chromebook Flip, the laptop that turns into a tablet
* Mophie Launches Juice Pack Air Battery Case With Wireless Charging for iPhone 7 and 7 Plus
* Google Pixel Review: Android at its best, on mixed hardware
* Google Pixel XL Review: Successfully Succeeding the Nexus
* Google updates its search app, makes your personalized feed the main screen
* Instagram Will Soon Let Users Turn Comments Off Completely
* Uber Faces Negative Reactions After Update Introduces Background GPS Tracking

* Nationals shopping for big Sale?
* White Sox dismiss concerns about Sale
* White Sox contribute 3 items to Play Ball auction
* Nationals shopping for big Sale?
* For Hahn and White Sox, patience a virtue
* Interest swirls around Sale, but price is high
* Quintana commits to World Baseball Classic

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


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

Archives
December 2016
November 2016
October 2016
September 2016
August 2016
July 2016
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


* Mendoza sworn in as Illinois comptroller - Sauk.....
* Rauner to sign energy bill in Pt. Byron - OurQu.....
* Long Time Political Observer Doubting Any Long .....
* Emanuel wants Rauner to publicly side with him .....
* With automatic voter registration bill dead, ma.....
* The Latest: Rauner urges Mendoza to fight lawma.....
* Rauner Urges New Comptroller to Fight Lawmaker .....


* New Cook County prosecutor promises to reshape office
* Arrest made after man on Chicago rail tracks disrupts trains
* Chicago newspaper suing city over Laquan McDonald emails
* Fraternity backs Indiana State chapter probation after death
* Spokesman offers few clues on Trump's pipeline stance
* EXCHANGE: First black woman is Illinois State Police colonel
* Wisconsin woman, 78, dies in wrong-way crash in Illinois
* Spokesman offers few clues on Trump's pipeline stance
* Oil industry urges Trump to approve Dakota Access pipeline
* Could Dakota Access pipeline move after permit is denied?

* Mendoza on state's financial crisis: 'We're going to get out of this'
* State employee's friends, coworkers rally after stroke
* Labor board formalizes AFSCME ruling; union will fight
* Mendoza sworn in as Illinois comptroller
* Another year of financial uncertainty looms for Illinois
* Lawmakers sue comptroller for not paying them
* Electronic road signs are dark near Effingham due to budget
* State lawmakers vote to spare 2 nuclear plants
* Legislature OKs Exelon subsidy plan, goes to Rauner
* Rauner: No more stopgap budgets without property tax freeze, term limits

* Here's where Illinois hospitals rank in patient safety survey
* Trump jabs Boeing on Air Force One deal
* Thoma Bravo to sell software firm for $2.8 billion
* These rising stars occupy all corners of the tech world
* DRW's Wilson faces industry ban in CFTC showdown


* Former Fed official Edward W. ‘Mike’ Kelley Jr. dead at 84
* Man charged with shooting victim during robbery in Little Village
* Trump: Cancel Boeing order for new Air Force One jets over costs
* Tuesday rolls around: Contest week of Beat the Champions
* Complete list of 2017 Grammy Award nominees
* Ask Doctor K: Preventing sleep apnea also helps your heart
* CTA resumes L service on Green, Pink lines; man was on tracks
* Beyonce, Adele, Chance the Rapper, Kanye up for Grammys
* ‘Chicago Fire’ cast ‘in awe’ as NBC hit reaches 100 episodes
* Crafting a new ‘The Nutcracker’ for the Joffrey Ballet


* Supreme Court sides with Samsung in $399 million patent dispute with Apple
* Bob Odenkirk spills tequila recalling Disco Demolition Night on 'Drunk History'
* Will the White Sox complete a Chris Sale trade this week?
* Citing cost overruns, Trump says Boeing's contract to build Air Force One should be canceled
* Joe McKnight shooting: Man who shot ex-NFL player charged with manslaughter
* Grammy nominations 2017: Chance the Rapper, Beyonce lead the way
* Groupon co-founder Eric Lefkofsky sells Glencoe mansion
* Posters of Hitler, swastikas found on University of Chicago campus
* Germany's Merkel calls for widespread ban on 'full veil' Islamic coverings
* 'Game of Thrones' actor Peter Vaughan dies at 93


The widget AQL4JYGHIY powered by Feed Informer does not exist.


* Our View: Time to tear down the YWCA building
* Our View: Time to tear down the YWCA building in downtown Springfield
* Kathleen Parker: Trump's demagogic illogic strikes again
* Mendoza on state's financial crisis: 'We're going to get out of this'
* State employee's friends, coworkers rally after stroke
* Labor board formalizes AFSCME ruling; union will fight
* Mendoza sworn in as Illinois comptroller
* Our View: Susana Mendoza, be a voice of reason for the state’s finances
* Lisa Madigan: Illinois needs to protect children from lead exposure
* Another year of financial uncertainty looms for Illinois


* Update: Missing elderly Herrin man found in Tennessee
* Sharply colder air on the move
* Warrant issued in Urbana homicide
* Bourbonnais manufacturer plans to close, lay off 86
* Factory orders up 2.7 percent in October
* Productivity up 3.1 percent in third quarter
* Trump: Cancel order for new Air Force One planes
* Grammy nominations: 9 for Beyonce, 8 each for Drake, Rihanna, Kanye
* Iraqi troops enter another IS-held neighborhood in Mosul
* Trade deficit widens in October from nearly 3-year low


* How DraftKings, FanDuel hope to woo the feds
* Grammy noms: 9 for Beyonce, 8 each for Drake, Rihanna, Kanye
* Captive Resoruces to move from Schaumburg to Itasca
* Musicians react to their Grammy nominations
* Oklahoma Supreme Court orders release of Joe Mixon video

* 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

* A dream not to be deferred - New York Dail......

* SEIU leaders say planned Monday strike by ......

* Trump fans celebrate: "It's the most wonderful time in 8 years"
* Rauner to sign Exelon bailout bill Wednesday
* From and Chougule: Right-to-Work Zones in Deep-Blue Illinois?
* Rauner vetoes $215M deal for Chicago Public Schools, citing broken agreement
* Akin: Downstate voters send clear message: Stop lawsuit abuse in Illinois
* Good Fences Make Good Neighbors
* Holiday Goodies Now Available At Baker & Nosh
* Exelon: Guilty Of Cronyism Across State Lines
* Durbin working on bill to grant legal status to DACA immigrants
* The kingdom of heaven.


* Rauner calls on Democratic legislators to withdraw lawsuit seeking paychecks
* Illinois Department of Labor Moves Registrations to Online Format - Another step in the Rauner Administration’s efforts to modernize government
* Illinois Student Assistance Commission Announces 2017-18 Illinois State Scholars - More Than 19,300 high school students recognized for outstanding academic achievement
* Get Your Flu Shot During National Influenza Vaccination Week And Stay Healthy For The Holidays
* Thanksgiving Holiday Travel Brings Lowest Fatality Rate In Six Years




      Hosted by MCS SUBSCRIBE to Capitol Fax Advertise Here Mobile Version Contact Rich Miller