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Friday, Aug 15, 2014 - Posted by Rich Miller

* I’ve had one of the best State Fair experiences ever. And let’s hope (probably beyond hope) it doesn’t rain tonight because I really want to see these guys

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Tax returns still an issue for Rauner

Friday, Aug 15, 2014 - Posted by Rich Miller

* Sun-Times

Bruce Rauner remained defiant in insisting he’s released enough on his taxes and wouldn’t commit to making public his full tax schedules for inspection before the Nov. 4 election.

“We will release our tax returns when they’re prepared and filed on Oct. 15 and at that point we will have released four years of our tax returns. We outlined and detailed our tax rate. My tax rate is the same as Pat Quinn’s,” Rauner said to a packed scrum of reporters after riding into the fairgrounds on his Harley.

Rauner ducked when asked if he would release his full schedules, talking over reporters and repeating that he’d release his 2013 tax documents in October. Rauner has asked for an extension and that is the due date. Gov. Pat Quinn and other Democrats on Wednesday repeatedly called on Rauner, a multi-millionaire with hundreds of investments, to release the full details of his finances for public inspection. While candidates are not required to do so, it has become the new norm to release full tax schedules and it was something that Mitt Romney eventually did in the 2012 presidential election. His tax documents were some 700 pages.

* Watch the exchange


* But not every Republican agreed with Rauner. Charles Thomas

Earlier at the state county chairman’s meeting, other Republicans differed on how much Rauner or any candidate should reveal of his or her personal finances.

“I think that basically candidates need to be a transparent as possible,” said Paul Schimpf, R-Attorney General candidate.

“I think you have to see where your money is and I think people need to be upfront about that,” said Judy Baar Topinka, R- Illinois comptroller.

* From the DGA…

“If Bruce Rauner doesn’t want to trust the people of Illinois with information about his finances, the people of Illinois shouldn’t trust Bruce Rauner. He has hidden his policies from them. He has hidden his foreign investments from them. He has hidden the details of how he built his corporate empire at the expense of workers, seniors and communities.

“Releasing tax information is a low bar of disclosure for a public official, not a ‘diversion’ as Rauner says it is. It’s an easy test of whether he is worthy of the public’s trust. Bruce Rauner has failed that most basic test and he shouldn’t be trusted.”

* And the Quinn campaign released a photo comparing Romney’s disclosed tax returns to Rauner’s…

More here.

  49 Comments      


Quinn touts big unemployment news on Rauner’s day

Friday, Aug 15, 2014 - Posted by Rich Miller

* Gov. Pat Quinn announced some positive economic news yesterday during the State Fair’s Republican Day

The state Department of Employment Security says Illinois unemployment fell in July to 6.8 percent. It was the fifth straight monthly decrease in the state’s jobless rate.

The new employment numbers included, finally, a gain in manufacturing — though total jobs there remain lower than a year ago.

It prompted Governor Pat Quinn to try to rewrite what has been the established narrative about the State’s troubled economy as he seeks another 4-year lease in the Executive Mansion.

“Unemployment’s fallen from 9.2% last year to 6.8%. It’s the steepest decline since the 1980s. Last month employers created 11,200 jobs,” Quinn said.

* Greg Hinz

And even better, the decline now is being propelled not by people leaving the job force but by the creation of new jobs, with 11,200 positions added just in July. […]

The preliminary seasonally adjusted unemployment rate dropped from 7.1 percent in June to 6.8 percent in July, according to the Illinois Department of Employment Security. The state rate is still somewhat above the national figure of 6.2 percent, but the 0.6 difference is just a fraction of what it was a year ago.

Since July 2013, the Illinois rate has dropped an enormous 2.4 percentage points, from 9.2 percent to 6.7 percent, according to the federal data released by the state. That’s the biggest year-over-year decline since 1984, putting the unemployment rate just above the 6.8 percent level of August 2008. […]

According to the figures, derived from a different survey than the unemployment data, the state added 11,200 private sector jobs in the past month, and 35,600 over the past 12 months.

The July gains were widespread across various sectors, with professional and business services up 5,900, manufacturers adding 3,900 positions and construction 1,900 slots. Leisure and hospitality dropped 3,800 in the month.

According to the governor’s office, this is the lowest unemployment rate in six years. And you’d have to go back to 1984 to see such a sharp drop in the rate.

* The Rauner campaign response

“Celebrating today’s job numbers is like cheering a touchdown when you’re down 35 points with two minutes left,” said Mike Schrimpf, a campaign spokesman.

“Our state is still down thousands of jobs since the beginning of the year, we still have one of the worst unemployment rates in the entire country and thousands of Illinoisans have given up looking for work. On top of higher taxes, this means too many families continue to suffer under Pat Quinn. Thankfully, Pat Quinn’s time is almost up and his term in office can’t end soon enough for the working people of Illinois.”

* Related…

* VIDEO: Quinn announces state unemployment rate drops

* Illinois’ tax burden? Not so bad, according to new report

  42 Comments      


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