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.


* Rove spending over a million dollars in two races
* Question of the day
* Quinn administration accuses Rep. of "political stunt" that would violate state and federal laws
* Today's number: 54 percent
* Rauner files "emergency appeal"
* Uber ramps up the pressure with new radio ad
* *** UPDATED x2 - Quinn calls for investigation by county, state, feds - Felonies? *** Playing hardball... with guns
* Quinn updates new TV ad to add Rauner "Not every job should be in America" quote
* Uh-oh
* SUBSCRIBERS ONLY - Supplement to today’s edition
* 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

          
        * T-Mobile lures Sprint customers with unlimited LTE offer
        * Galaxy Note 4 to feature new ‘side touch’ for easier selfies
        * Putting Vine's new importing and editing tools to the test
        * Whodunnit? How the Lumia 630 became a crime film star
        * Sony Xperia Z3 keeps gaining certifications in Asia
        * New Moto X+1 renders leaked, confirming some earlier suspicions
        * Microsoft to unveil Windows 9 and WP9 on September 30?

        * Meizu MX4 Scores 52,811 On AnTuTu Benchmark
        * BlackBerry Blend Rumored For iOS, Android, Windows Tablets
        * Multi Language Support Update For Google Voice Search Rolls Out
        * Samsung Unveils 3-in-1 Micro USB Cable For $40
        * Google Play Store Already Flooded With Swing Copters Clones
        * Netflix’s Hack Day Leads to Three Very Awesome Ideas
        * iMessage Reportedly Being Used Heavily By Spammers

        * White Sox deal Beckham to Angels
        * White Sox deal Beckham to Angels
        * Danks leads White Sox into Bronx for weekend visit
        * White Sox trade Gordon Beckham to Angels
        * White Sox 2014 Draft plan starting to bear fruit
        * Reading Room: Rick Hahn speaks vaguely about September
        * Avisail finds power stroke in loss to Orioles


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

        Archives
        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


        * State gives $3.5M for Winnebago County road wor.....
        * Agency cuts jobs at center of Quinn hiring disp.....
        * Transportation Department cuts positions, creat.....
        * State gives $3.5M for Winnebago County road work..
        * Agency cuts jobs at center of Quinn hiring dispute..
        * The Media: Cherry Picking News Stories and Fail.....
        * Springboks great issues ice challenge to ABs..


        * Agency cuts jobs at center of Quinn hiring dispute
        * Illinois gets $300M in Bank of America settlement
        * Economy slowing down in rural parts of 10 states
        * Sewer blast launches manhole covers; 1 injury
        * Term-limit backers seek state Supreme Court ruling
        * Unemployment falls again in all Ill. metro areas
        * Hostess closing bakery that created the Twinkie
        * AG: Hotline available for settlement mortgage help
        * Illinois student dies after basketball practice
        * Hostess closing bakery that created the Twinkie

        * State Rep. Poe faces 3-week stem cell procedure in Texas
        * IDOT cuts positions following questions on hiring
        * Authorities investigating powdery substance at Illinois State Library
        * Powdery substance mailed to Illinois State Library deemed non-hazardous
        * Term-limit backers seek Supreme Court intervention
        * Illinois' share of Bank of America settlement: $300M
        * Appeals court says term limits can't be on ballot
        * Marijuana town hall attracts hundreds in Chicago
        * Governor candidates commit to 3 traditional debates, none in Springfield
        * Manar, others tout school funding reform bill

        * American drops more first-class cabins in favor of business seats
        * Romney and Ryan reuniting at Chicago appearance
        * Chipotle approaches record stock price of $700
        * Illinois term-limit backers seek Supreme Court intervention
        * Flights for foodies? United's gonna try


        * Under the gun in petition challenges: Mihalopoulos
        * Feds try to tie convicted drug dealer to cop slaying
        * Boy fatally shot after running off because he couldn’t have cupcake: mom
        * Man in Harvey hostage case was on home-monitoring on parole
        * Jackie Robinson fans erupt in cheers: ‘These boys have rejuvenated us all’
        * Father of ‘Homer Simpson’ voice-actor, dead at 99
        * Father of ‘Homer Simpson’ voice-actor
        * Teen dies after being crushed by concrete walls at closed contruction company in Alsip
        * Surge in tax revenue fuels increase in transit agency budgets
        * 9-year-old boy was fatally shot after running off when he couldn't have cupcake, mom says


        * Parents visit block where boy, 9, was slain: 'Where he took his last breath'
        * Boy, 16, wounded in West Side shooting
        * Defense attorney indicted on perjury, obstruction charges
        * Man found guilty of assaulting woman at Waukegan party
        * Tollway giving back $2.2 million
        * Rauner, Quinn tag each other as 'phony' on term limits
        * Chicagoans head to Ferguson to join protests
        * Bail denied for Wisconsin man charged in 2002 double shooting
        * 2 women held on $500K each in slaying of party promoter
        * Aurora man wants murder case sent back to juvenile court


        * Illinois Takes First Step Toward Drafting Greenhouse Gas Plan
        * Congress Reevaluating Militarization Of Local Police
        * Local Members Of Congress Condemn ISIS' Actions
        * Ground Broken On Tenth Street Rail Corridor
        * IDOT Cuts Positions Following Hiring Questions
        * Green Party Candidates Won't Appear On Ballot
        * Could Illinois Guard Be Called In To Ferguson?
        * Chatham Schools Supt. Talks Growth & Planning
        * Watchdog Applauds Investigation of Electric Supplier
        * Springfield Supt. Previews Coming School Year


        * State Rep. Poe faces 3-week stem cell procedure in Texas
        * IDOT cuts positions following questions on hiring
        * Authorities investigating powdery substance at Illinois State Library
        * Term-limit backers seek Supreme Court intervention
        * Illinois' share of Bank of America settlement: $300M
        * Bernard Schoenburg: Possible Ward 10 aldermanic candidates emerge as Griffin considers future
        * Illinois Attorney General Lisa Madigan: Cybercrime inevitable, so protect yourself
        * Eugene Robinson: The ones left behind
        * George Will: Fed up with cupcake cops
        * Appeals court says term limits can't be on ballot


        * Owner of suitcase found; no charges likely
        * Jail, placard decisions on hold
        * Sewer blast launches manhole covers; 1 injury
        * Man, son critically injured in motorcycle crash
        * Summer arrives — a few weeks late
        * Cody Bozarth | Journal-Courier County, state officials get glimpse of Illinois River facilities
        * Architects offer Eastlawn options
        * Attorney denies state’s accusations over loan
        * Westville board OKs 4-year pact with union
        * Police reports


        * Sky could be dangerous in playoffs
        * Best chance for some Bears to make lasting impressions
        * Hersey hoping to stay on top
        * Returning talent has Wheeling feeling confident
        * St. Viator anticipates winning blend

        * Roskam: Fighting human trafficking in the ...
        * Nadler, Roskam Introduce Bipartisan Resolu...
        * Rep. Nadler, Roskam Introduce Resolution C...
        * Rep. Roskam In Letter to Kerry: Stop Runni...
        * Reinvigorating The Antibiotics Pipeline - ...
        * What's next for Peter Roskam? - Chicago Su...
        * Facebook, Peoria Area Chamber of Commerce ...
        * Telling Nancy Pelosi to do research is sex...
        * Inactive Congress Discussed - Alton Daily ...
        * Schakowsky blasts Marino for 'sexist' atta...

        * Durbin: Students should be allowed to refi......
        * Durbin: Students should be allowed to refi......
        * Officials announce start of Springfield ra......
        * Officials announce start of Springfield ra......
        * Officials announce start of Springfield ra......

        * Pat Quinn Could be Drag on Illinois Democrats...

        * New 9th Ward Candidate for Alderman
        * Obama Weighs Broader Move On Legal Immigration
        * Holder Brings His Civil Rights Push To Ferguson
        * Protest Outside Of Paul Ryan Book Promotion Event In Chicago
        * Activists Protest At Paul Ryan, Mitt Romney Chicago Event
        * Judge: Justice Dept Must Provide List Of Documents
        * Kinzinger, Congressmen Take ALS Ice Bucket Challenge But Voted To Defund Research
        * I support Carlos Rosa for 35th Ward Alderman.
        * NBC’s Ward Room. Mark Anderson. Chicago is ready for progressive reform.
        * Schneider Hosts Gun Violence Prevention, Mental Health Discussion


        * ICYMI: Term limits amendment — and citizens — lose
        * IDOT Teams Up with “Walking Dead” Star to Drive Down Fatalities in Illinois - Innovative New Labor Day Ad Campaign to Target Young Males; Law Enforcement to Crack Down on Drunk, Unbelted Drivers
        * IDOT Takes Major Steps to Strengthen Personnel Practices - Corrective Actions Aim to Improve Accountability, Restore Public Confidence
        * Governor Quinn Signs Law to Assist Victims of Human Trafficking - Law Establishes Fund to Provide Services for Victims of Human Trafficking
        * Governor Quinn Signs Law to Protect Survivors of Domestic Violence - “Diane’s Law” Expands Monitoring of Domestic Abusers Released on Bail




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