News

Dems: Show Us Your Taxes, Rauner

Dems: Show Us Your Taxes, Rauner

Democratic lawmakers are calling on Bruce Rauner to release his full tax returns.

The Chicago Tribune reported that most of the millions that Rauner has earned in recent years was taxed at 15 percent — less than half the top rate charged to the wealthiest Americans at the federal level. By reporting little business income on his returns, Rauner did not pay any taxes towards Social Security or Medicare in 2010 or 2011.

To State Rep. Barbara Flynn Currie (D-Chicago), that’s a loophole that should be closed. “Something’s wrong with that picture,” Currie said, “and I think he owes it to us, as we think about taxes in the country, to make sure we know how it was that he was able to duck out on responsibilities that the rest of us share.”

Currie and State Sen. Michael Hastings (D-Orland Hills) want Rauner to release more detailed information on the taxes he paid from 2010 to 2012. The Rauner campaign says Rauner has not released his most recent tax return after filing an extension.

Gov. Pat Quinn called the reports on Rauner’s taxes “extremely disturbing” at a bill signing Wednesday, but didn’t elaborate on which strategies he found troubling.

 

Recent Headlines

5 hours ago in Local

Commission: Budget Impasse May Mean Accreditation Troubles

Updated
college-campus

A higher-education accrediting agency says the state budget impasse could have "significant" consequences for the public colleges and universities in Illinois.

5 hours ago in Local

“Four Tops” Meet This Week

Updated
state_capitol_3

Rauner promises, but won't specify, compromises

10 hours ago in Local

A Hand Up for Minority Business

local_news_generic

ADME program

11 hours ago in Local

Memorial, St John’s Owed $76M

medical

State budget impasse is to blame

11 hours ago in Local

Opposition Mounts against Dunkin

ken dunkin

Republicans would welcome him