image
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.


* Question of the day
* Editorial: "Don't fall for Exelon bailout"
* IDOT hiring monitor issues first report
* The Key to Lowering Workers’ Compensation Costs is Insurance Transparency and Oversight
* Under the bus he goes
* Learning the wrong lessons
* Rauner blasts "outrageous" lack of action
* *** 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

          
        * Vaio smartphone certified in Japan as retail packaging debuts
        * Gmail for iOS Updated With Quick Actions, Share Sheet and Attachment Viewer
        * Apple iPad Pro/Plus could take page from Surface Pro 3’s playbook, get full-sized USB 3.0
        * Gmail App Now Offers Reply And Archive From Notifications On iOS
        * Twitter testing out built-in browser in Android app
        * First look: Microsoft Office 2016 for Mac doesn't feel like an afterthought
        * FireChat's hashtags help festival-goers find the hottest spots at SXSW

        * Uber or Die: A Funny Video About the Teflon Company
        * Microsoft Releases Preview Build for Office for Mac 2016
        * Sprint Galaxy Note 4 Android 5.0 Lollipop Update Released
        * IGZO Display Rumors Rehashed For 12.9-Inch iPad Pro
        * How Removing an Authorized User Affects Their Credit Score
        * Gmail for iOS Gets Reply and Archive Actions from Notification Center
        * Sure, Let’s Slap a Selfie Shutter Button on That Portable Bluetooth Speaker

        * First impressions from the White Sox's first spring training game
        * Konerko humbled by Lifetime Achievement Award
        * Anderson focused on becoming top-notch shortstop
        * Putnam preparing for season with new perspective
        * Quintana comfortable, efficient in White Sox rotation
        * Alexei's 3 RBIs spark White Sox in spring opener
        * Hahn's plan to reshape White Sox slow to boil

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


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

        Archives
        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


        * As he seeks Wilson's runoff endorsement, Mayor .....
        * Democrats needle Rauner over staff salaries..
        * Learning the wrong lessons..
        * Children’s Group: Poverty Rates in Illinois Lik.....
        * Griffin: Rauner plan could cost suburbs 25% of .....
        * Sen. Stadelman Says Democrats Need to Take Lead.....
        * Rauner blasts “outrageous” lack of action..
        * Under the bus he goes..
        * Court monitor: IDOT should clean house on hirin.....
        * Normal City Council candidates address laborers..


        * Report: Illinois budget cuts would harm children in poverty
        * Couple offers $92M to Northwestern University medical school
        * $92M donation to go to Northwestern University med school
        * Senate panel passes ban on plastic beads polluting lakes
        * Park Ridge mayor dies at 57 after 'sudden illness'
        * At least 15 vehicles involved in wrecks on bridge
        * Lincoln carriage heading from South Bend to Washington, DC
        * Cornel West cancels speech at U of Illinois over Salaita
        * Illinois man gets 12 years for selling heroin
        * 1 killed in blaze at Rolling Meadows apartment building

        * Court monitor says IDOT should clean house on hiring rules
        * Senate President Cullerton: We're not stalling
        * Judge grants delay of medical marijuana permit in Kankakee
        * State's medical marijuana patients now number 1,600
        * Illinois hires firm to evaluate shuttered Eagle Creek Resort
        * Committee approves plan to plug some budget holes
        * Local men plead guilty to stealing millions from Illinois EPA
        * State superintendent warns of 'perfect storm' for school districts
        * Committee to consider plan for plugging budget holes
        * New state lawmaker Butler officially sworn in

        * Americans spent $58 billion to pamper, protect pets in 2014
        * A solar-powered lamp for everyone
        * How AbbVie beat out behemoth J&J to buy Pharmacyclics
        * An Open Table for groups debuts
        * Meet the gaffe warriors of the Democratic Party


          * Lawmaker: Expand state role on O'Hare noise
          * Mayor: 'Good Wife' wrong about Evanston politics
          * Man seriously wounded in shooting at Englewood neighborhood store
          * 2 questioned in attempted home invasion that left man dead
          * Northwestern's $92 million gift will go toward biomedical research
          * Skilling: More record cold, then maybe 55 by next week
          * Woman accused of Facebook chatting before crash that killed 3 kids
          * Ravinia Festival announces 2015 lineup
          * Nine of 10 sexual abuse claims dismissed in Milwaukee archdiocese bankruptcy
          * Shedd Aquarium welcomes new rescue dog


          * Lincoln Carriage Headed To DC
          * Bedrock 66 Live! Features Celtic And Psychedelic Rock
          * "Don't Get Used To This" Breezy Budget Hearing
          * Lawmaker Suggests Eliminating Tuition Waivers For University Employees' Children
          * Profitable Exelon Seeks Legislation To Save Unprofitable Nuclear Plants
          * Let's Talk Kids - "A Future President"
          * Sexting Laws Could Be Added to School Handbooks
          * McDonalds to phase out chicken raised with certain antibiotics
          * Illinois Hires Firm To Evaluate Shuttered Eagle Creek Resort
          * Combat Vets Recreate Lincoln's Hearse


          * Bernard Schoenburg: Butler will listen to many before taking tough votes
          * Rep. Mark Batinick: Illinois can find savings in workers' comp reforms
          * George Will: Stopping the IRS
          * Eugene Robinson: Boehner's sorry spectacle
          * Court monitor says IDOT should clean house on hiring rules
          * Senate President Cullerton: We're not stalling
          * Judge grants delay of medical marijuana permit in Kankakee
          * State's medical marijuana patients now number 1,600
          * Illinois hires firm to evaluate shuttered Eagle Creek Resort
          * Our Opinion: Conquering stress, burnout important for all


          * Hardin County Sectional postponed
          * Lindenwood student faces sex charges involving two fellow students
          * Park board will take formal vote on Dodds next week
          * #TBT: Women make 2008 Big Ten final
          * Weather closures and cancellations for March 5
          * Firefighters honor Hoffman on anniversary of his death
          * Coleman-Lands selected for Jordan game
          * Chicago's mid-century neon signs make preservation list
          * Shedd Aquarium welcomes new rescue dog
          * Belleville targets roadwork projects for 2015


          * Gire: Film society screens 'Two Days'
          * Images: Retro Gallery, 1965 Ice Storm
          * Dawn Patrol: Rolling Meadows fire kills 1; stabbing victim testifies
          * Peyton Manning back for 18th season, signs contract
          * AP source: Bills safety Searcy to test free agency

          * Roskam, House Benghazi panel rip Hillary C...
          * GEORGE WILL: Stopping the IRS from doing W...
          * Will: Stopping the IRS - AberdeenNews.com
          * New King Should Advocate Human Rights, Ref...
          * IRS continues to act in pattern of corrupt...
          * Roskam gives Netanyahu painting before con...
          * Opinion: U.S. Congress should be guided by...
          * George Will: Lawless IRS still stonewallin...
          * Reps. Hultgren, Roskam buck Boehner in DHS...
          * Israeli prime minister reminds Congress of...

          * Will: Rein In The IRS...
          * Congressional Democrats Introduce Bills to......
          * Stopping the IRS...
          * IRS Pattern of Corruption Continues...
          * Will: Stopping the IRS...

          * McConnell fast-tracks bill to slow approva......
          * Netanyahu’s speech had no real news — just......

          * Repairs On The Way For Clarendon Park Fieldhouse, More To Come
          * After Concealed Carry: ‘Constitutional Carry’ With No Permits Needed
          * WLS dumps more conservative talk show hosts - including Rush Limbaugh
          * Morning Minute: U.S. pending home sales hit 18-month high
          * Is SEIU’s President Tom Balanoff going to be bullied by Christine Boardman?
          * Morning Minute: Federal Reserve finds improving economic growth in early 2015
          * Rahm’s new TV ad. “You’re going to respect me!”
          * Chicago Rating Downgrade Triggers Swaps Terms, Outlook Remains Negative
          * TASC President Appointed to Governor Rauner’s Criminal Justice Reform Commission
          * Congressional bill offers asylum for homeschoolers


          * IEMA Urges People to Prepare for Severe Weather - Tornadoes, floods and severe storms can happen any time of year
          * IDHS helps more than 5,000 individuals with disabilities find jobs - Program offers necessary tools to earn a living wage and become more independent
          * 24th Anniversary Desert Storm Remembrance Ceremony
          * Illinois Department of Human Rights Announces 2015 Spring Training Schedule
          * Snow and Freezing Rain to Impact Travel in Illinois - IDOT Crews Prepared to Battle Winter Weather this Weekend




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