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.


TrackBack URI

Sorry, comments for this post are now closed.


* Lawyers want expedited pension ruling
* Briefing schedule, threats issued
* A look at another aspect of the Rauner proposal: Property taxes
* Quinn opens new front in campaign: Assault weapons
* Cross turns thumbs down on Rauner service tax
* Define "regularly"
* Internal Maywood politics caused shift in NRI grant money
* *** UPDATED x1 *** Rate Rauner's new TV ad
* 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

          
        * Considering the HTC One Remix at Verizon? Check out our review
        * Mobile Action Raises $800K For Its App Discovery And Optimization Service
        * Foursquare Checks Out of the Check-in Game, Reveals New Logo
        * Verizon introduces HTC One Remix (Mini 2)
        * Vysk QS1 Is An Otterbox For The Privacy Freak
        * HTC One E8 gallery: “Electric Crimson” in photos
        * Microsoft Admits to Killing the Surface Mini

        * Facebook Helps Mum Reunite With Son 28 Years Later
        * Shoutcast relaunches with new hosted streaming service
        * This Game Generates the Infinity of Space With an Algorithm
        * VSN Mobil Reveals V.360° Camera
        * Foursquare Boasts Of New Look, Logo
        * New web app aims to bring Synapsify’s text ranking to the masses
        * Skype for Amazon Fire Phone Announced

        * White Sox trade candidate profile: Gordon Beckham
        * Does Rick Hahn have what it takes?
        * Adam Eaton still getting on base despite injured finger
        * Quintana aims for continued success vs. Royals
        * Top White Sox pick Rodon makes pro debut
        * White Sox gain on pair of reviews vs. Royals
        * White Sox bested by Chen, Royals' big frame


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

        Archives
        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


        * Christie once dissed Colorado's quality of life.....
        * Ya gotta pay your dues — or do you? - Muscatine.....
        * Quinn aide: Court rulings don't jeopardize fede.....
        * Breaking Down "Ban The Box" - WSIL TV..
        * Tom Kacich: Jakobsson steering clear of 103rd r.....
        * School districts work to comply with new law re.....
        * Emails raise questions of politics in 2010 program..
        * Rauner Shows His Love For Ride-Sharing Companies..


        * Illinois man retried, found not guilty in slaying
        * State lawmaker: Concealed carry law 'complicated'
        * Illinois patients to docs: 'What about marijuana?'
        * U of I trustees consider increasing arena budget
        * Duran Duran accuses fan club of contract breach
        * Emails raise questions of politics in 2010 program
        * Loves Park veteran wants to keep giving away flags
        * Ohio base ranked highly by Air Force newspaper
        * Several car break-ins reported in St. Louis area
        * Heart condition may have caused player's death

        * GOP group targets Democratic supermajority in Illinois
        * Emails raise questions of politics in Quinn's anti-violence program
        * Illinois Manufacturers' Association backs Rauner for governor
        * Illinois patients to docs: 'What about marijuana?'
        * State appeals court upholds FutureGen power agreement
        * Lawmakers delay probe of Quinn's anti-violence program
        * Concealed carry rules tough on out-of-state residents
        * Rauner calls for changes to state's tax policy
        * Quinn aide: Court rulings don’t jeopardize federal health-care subsidies
        * Lawyers will push to speed up pension reform ruling

        * Rules aimed at curbing oil train fires
        * Boeing beats estimates, raises forecast
        * Boeing raises forecast but reports 'worrying' charge
        * Big gender gap in small-business loans, report says
        * AvantCredit wins $75 million slug of equity; now employs 350


        * Facebook page helps musicians recover stolen equipment
        * Reputed mobster allegedly tossed woman down stairs 3 times: affidavit
        * 1 dead, 6 injured in shootings across city
        * Charges filed in April shooting death of Simeon football player
        * Track coach at Simeon faces sexual assault charges involving students
        * Mayor Emanuel visits slain girl’s mom for 2nd time Tuesday night
        * One lane reopens after fatal accident on Bishop Ford Freeway
        * Northbound lanes reopen after fatal accident on Bishop Ford Freeway
        * Police question person of interest in shooting death of 11-year-old
        * One dead after tire hits car on Bishop Ford Freeway; northbound lanes closed at 130th Street


        * Woman arrested for prostitution, drugs at Downers Grove hotel
        * Judge: Daley can present medical evidence behind closed doors
        * Judge: Daley can present medical evidence behind closed doors
        * New rules proposed for railroad oil shipments
        * Harvey cop charged with domestic battery in Will County
        * Simeon coach charged in sexual assault of teens
        * CPS acknowledges budget issues, blames state funding, pensions
        * 1 dead in accident on Bishop Ford Freeway
        * Girls, 15 and 17, among 6 shot overnight
        * Niles trustees give OK for gun shop to be near schools


        * "The Civil War" Becomes A Downtown Musical
        * Republican Attorney General Candidate: Pension Changes Unconstitutional
        * Winners of WBEZ’s Student Stories
        * Court OKs FutureGen Financing Plan
        * Trucker Questions: Are Police Above Illinois' Traffic Laws?
        * Trucker Asks: Are Police Above The Law?
        * Listen to State Week - July 11, 2014
        * With GED, Illinois Bundles Job Training
        * WUIS Archive: Alan Dixon Was Gracious In Defeat
        * Fire Closes State Building Today


        * Emails raise questions of politics in Quinn's anti-violence program
        * Illinois patients to docs: 'What about marijuana?'
        * State appeals court upholds FutureGen power agreement
        * Concealed carry rules tough on out-of-state residents
        * Quinn aide: Court rulings don’t jeopardize federal health-care subsidies
        * Lawyers will push to speed up pension reform ruling
        * Cutbacks in annual pension increases unconstitutional, Schimpf says
        * Quinn: Landfill's PCB approval may be withdrawn
        * To fight crime, Chicago tries wiping away arrests
        * Quinn signs $1B plan for road repair in Illinois


        * Kristopher Treat
        * College coop home to flock
        * Chat about to start
        * Chat now with MJ!
        * Sunny, temps near 78 degrees this afternoon
        * Hood to lead State Farm Center renovation
        * My Amish Home: More summer just like this, please
        * Several car break-ins reported in St. Louis area
        * Memorial honoring injured vets underway in D.C.
        * Flight bans show skittishness over trouble spots


        * Kitten's debut album is synth heaven
        * Energized Lady A brings new up-tempo songs to Aurora show
        * Elgin charter school group to appeal U-46 rejection
        * Naperville rehab facility faces lawsuit over firing employee on leave
        * Duran Duran suing Glenview-based fan club company

        * House passes Lipinski bill for Herbie John...
        * Renaming of Mount Greenwood post office in...
        * Rep. Lipinski's Bill Improving Internation...
        * Rep. Lipinski Announces $206428 Grant for ...
        * Rep. Lipinski's Bill Renaming Mount Greenw...
        * Immigration reform rally - WGNtv.com
        * Lipinski Congratulates the Third District'...
        * Quick News - The Herald-News
        * Lipinski: We can never say 'thank you' eno...
        * Luis Gutierrez to La Raza: Get Amnesty to ...

        * U.S. Sen. Dick Durbin calls on Vladimir Pu......
        * U.S. Sen. Dick Durbin calls on Vladimir Pu......
        * U.S. Sen. Dick Durbin calls on Vladimir Pu......
        * U.S. Sen. Dick Durbin calls on Vladimir Pu......
        * U.S. Sen. Dick Durbin calls on Vladimir Pu......

        * Dole, vets groups renew push for disabilit......
        * Letter: Three Blind Mice: Durbin, Kirk and......

        * Kickback scheme gets North Chicago school board member 10 years in prison
        * Schimpf forms Second Amendment advisory council
        * Five shot and killed in Chicago, 45 shot, injured over weekend
        * Gutierrez calls on Hispanics to punish those who fail to support amnesty
        * Ten minute drawing. I’m so Chicago… #RKR
        * Senior watch: Mid-career teachers facing financial crunch. Veteran teachers are being forced out.
        * As Summer Vacation Proceeds…
        * Beachwood Photo Booth: Clark Stop
        * Where's Weyermuller? At "Update" Dinner with Michael Reagan
        * Majority Leader McCarthy: House Will Secure Border And Reunite Families


        * Governor Quinn Signs $1.1 Billion Capital Construction Bill - Shovel Ready Projects Will Create Thousands of Jobs and Drive Economic Growth
        * Governor Quinn Signs Legislation to Strengthen Ethics Provisions in County Government - Law Helps Increase Accountability for Public Officials in Illinois’ Collar Counties
        * Governor Quinn Signs Legislation to Help Ease Pain for Adults and Children with Seizures - New Law Adds Seizures to List of Debilitating Medical Conditions Under the Compassionate Use of Medical Cannabis Act
        * Governor Quinn Signs Legislation to Help Ensure Fair Hiring Practices Across Illinois - New Law Prevents Criminal Background Checks Until After an Applicant is Deemed Qualified for a Job
        * Governor Quinn Unveils Mandela Road in Chicago - Portion of Cicero Avenue Now Named for Late World Leader




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