Politifact: Biss hits Pritzker hits Kennedy on taxes
As Gov. Bruce Rauner has done since first becoming a candidate in 2013, Pritzker and Kennedy released their federal and state 1040 forms, which reveal only basic details of their their tax pictures. The meat of returns, especially for wealthy taxpayers like Pritzker, Kennedy and Rauner, lies in an array of schedules and attachments to those 1040s that illustrate how they made their money, managed their wealth, donated to charity and reduced their tax burdens by leveraging breaks often used by the wealthy. And neither Pritzker, Kennedy nor Rauner have been willing to share such telling information with voters.
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Lawrence Noble, senior director the D.C.-based Campaign Legal Center, said the current push in Washington for a sweeping federal overhaul, only underscores the shortcomings of the sort of limited tax disclosure practiced by Rauner, Pritzker and Kennedy.
"Where they have their investments, how much they have and how various pieces of legislation will affect them is important," said Noble, a former general counsel of the Federal Election Commission. "And one of the ways you can tell that is by their taxes and often it's the only way you can tell unless you’re just going to take their word for it."