* An interesting question…
Republican Bruce Rauner will not say whether he believes it’s fair that as a wealthy businessman, he was able to avoid paying Social Security and Medicare taxes in 2010 and 2011.
The candidate for Illinois governor was asked Friday about a Chicago Tribune report last week. It showed business income-loss tax rules allowed Rauner to pay no Social Security or Medicare taxes in those years despite income of $55 million.
Rauner told reporters in Springfield that “we’ve paid full taxes as appropriate.” Asked whether the exemption is fair to all wage-earners, he said: “We can talk about how we should reform our tax code.” He says that discussion is forthcoming.
All discussions are “forthcoming” with him. It’s his own version of Speaker Madigan’s “It’s under review.” Then again, Madigan usually makes a decision after reviewing stuff.
Whatever the case, changing the state’s tax code would have zero to do with whether he had to pay those two federal taxes. Good question, better dodge.
Republican gubernatorial candidate Bruce Rauner said Friday he’s not ready to make changes to his pension reform plan in the wake of last week’s decision by the Illinois Supreme Court on retiree health insurance premiums.
Speaking after addressing an American Legion convention in Springfield, Rauner said the state’s high court has yet to weigh in on the broader issue of pension reforms approved by the General Assembly last year.
“We should see what the court decides ultimately when they do and we can address things then,” Rauner said. “I believe the right long-term answer is to protect the pensions and not change historical pensions, but for future work to have a different structure that is more of a defined contribution plan.” […]
Asked if he might alter his plan to that only newly hired workers would be put into a 401(k), Rauner said, “We’ll be outlining our detailed plans in the future.”
There it is again.