Tuesday, August 12, 2014

Illinois governor, opponent clash over investments

By SARA BURNETT August 11, 2014 8:17 AM 0 shares

Quinn, who releases his full returns each year, said wealthy people and corporations that use offshore investments are "not patriotic." …

"Bruce Rauner is not running for governor of the Cayman Islands," he said.

THE RESPONSE

Rauner's campaign said Quinn "should be ashamed of himself" for questioning his opponent's patriotism. Spokesman Mike Schrimpf also said Rauner — who reported making $53 million in 2012 — and his wife paid more than $25 million in taxes over the past three years.

But Rauner's campaign again declined to release further tax documentation, calling it a political stunt meant to distract from Quinn's own record. The campaign says Rauner filed for a six-month extension of his 2013 tax returns, and the return will be made public before the Nov. 4 election.

THE STATE PENSIONS

The Rauner campaign also accused Quinn of a double standard because his pension fund, as well as retirement funds for teachers and other state workers, are heavily invested overseas.

"Pat Quinn either needs to apologize to Bruce Rauner for lying about the facts or apologize to Illinois teachers and state workers for calling them unpatriotic," the campaign said. If Quinn won't apologize, it said, he should immediately move to divest all state investments from overseas companies and funds.

Quinn spokeswoman Brooke Anderson said state pension boards decide how to invest money and are independent entities. Quinn's future pension is fixed, she added.

"Governor Quinn's bank accounts are all located in Illinois, United States of America," Anderson said.

Read more by clicking on the following:  http://news.yahoo.com/illinois-governor-opponent-clash-over-investments-065435629--election.html

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