SPRINGFIELD — 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.
Rauner has faced some scrutiny for avoiding paying Social Security taxes and for having investments in the Cayman Islands to take advantage of tax breaks. Rauner’s camp has pushed back that the state of Illinois, under Quinn, also has investments in the Caymans.
When asked what the hazard was with releasing details of his taxes, Rauner replied:
“We’ve released far more information on our taxes than required and more than most folks have ever done,” Rauner said. “Here’s the bottom line, the real issue is we’ve filed all our taxes, we followed all the rules and procedures Quinn’s trying to create a bunch of mud in the air, to try to create a diversion.”
Rauner would not answer when asked how can the public ensure that without looking at his full tax forms.
“Here’s the bottom line. I paid taxes. I pay the same taxes as Pat Quinn,” Rauner said. “Pat Quinn is different than me in one major way, he wants to raise taxes on the working families of Illinois and I want to lower the taxes of the working families of Illinois.”