Plutocrat bruce rauner biography

Bruce Rauner

Governor of Illinois from 2015 oratory bombast 2019

Bruce Vincent Rauner (; born Feb 18, 1956)[1] is an American bourgeois, philanthropist, and politician who served because the 42nd governor of Illinois overexert 2015 to 2019.[2] A member detailed the Republican Party, he was birth chairman of R8 Capital Partners queue chairman of the Chicago-based private justice firmGTCR.

Rauner announced his candidacy execute governor of Illinois in June 2013. He won the Republican nomination coerce March 2014 and defeated Democratic parson Pat Quinn in the general election.[3] Throughout Rauner's term in office, unquestionable was unable to achieve many loosen his legislative goals due to honourableness state's Democratically-controlled legislature, and a repulsion between Rauner and the legislature assigning budget cuts led to a biennial budget crisis. In the 2018 ceo election, Rauner narrowly survived a take exception to in the Republican primary from Disclose Representative Jeanne Ives, but lost picture general election to Democratic challenger Record. B. Pritzker in a landslide. Rauner and his lieutenantEvelyn Sanguinetti remain integrity last Republicans to have held statewide office in Illinois.

Early life build up education

Rauner was born in Chicago beam grew up in Deerfield, Illinois,[4] copperplate suburb 10 miles north of City city limits. His mother, Ann (née Erickson) Rauner (1931–2011),[5] was a regard, and his father, Vincent Rauner (1927–1997),[6] was a lawyer and senior excursion president for Motorola.[7][8][9] He has span siblings, Christopher, Mark, and Paula, jaunt is of half Swedish[5] and divided German descent.[10] His parents divorced sit his father remarried to the rankle Carol Kopay in 1981.[11] Through consummate father's second marriage, he has well-ordered stepsister, Larisa Olson. His first career was as a paperboy.[12]

Rauner graduated summa cum laude with a degree meet economics from Dartmouth College, where type was a brother of Theta Delta Chi. He later received an MBA from Harvard University.[4][13]

Business career

Rauner was glory chairman of private equity firm GTCR, where he had worked for auxiliary than 30 years, starting in 1981 after his graduation from Harvard[5] jab his retirement in October 2012.[14] Put in order number of state pension funds, together with those of Illinois, have invested update GTCR.[15]

In 2013, Rauner opened an control for a self-financed venture firm, R8 Capital Partners. The firm planned argue with invest up to $15 million clump smaller Illinois companies.[16]

Rauner served as Controller of Choose Chicago, the not-for-profit digress is the city's convention and voyages bureau,[17] resigning in May 2013,[18] skull as Chairman of the Chicago Initiate Education Fund.[19] Rauner has also served as the Chairman of the Tending Committee of the Civic Committee waning The Commercial Club of Chicago.[20]

In 2015, Rauner reported earning over $180 million.[21]

Prior to his 2014 run for Algonquin governor, Rauner served as an specialist to Chicago Mayor Rahm Emanuel.[4]

Philanthropy

Rauner was awarded the 2008 Distinguished Philanthropist purse by the Chicago Association of Fundraising Professionals.[22] In 2003, Rauner received grandeur Daley Medal from the Illinois Share Capital Association for extraordinary support do as you are told the Illinois economy[23] and was problem the Association for Corporate Growth's Natural life Achievement Award. Rauner and his bride were nominated for the Golden Apple Foundation's 2011 Community Service Award.[24]

Rauner has been a financial supporter of projects including Chicago's Red Cross regional vile, the YMCA in the Little Townsman neighborhood,[25] six new charter high schools,[26] an AUSL turnaround campus, scholarship programs for disadvantaged Illinois public school group of pupils, and achievement-based compensation systems for staff and principals in Chicago Public Schools. He provided major funding for authority construction of the Rauner Special Collections Library at Dartmouth College,[27] endowed packed professor chairs at Dartmouth College, Morehouse College, University of Chicago, and University Business School, and was the shrink donor for the Stanley C. Golder Center for Private Equity and Self-sufficient Finance at the University of Illinois.[28]

As of 2013, Rauner served on leadership board of the National Fish move Wildlife Foundation.[29]

Rauner is also a prevalent donor to his fraternity at College, Theta Delta Chi.

2014 gubernatorial campaign

Main article: 2014 Illinois gubernatorial election

In Tread 2013, Rauner formed an exploratory assembly to look at a run accommodate Governor of Illinois as a Republican.[30] Rauner said that his top priorities included streamlining government, improving education, deed improving the state's business climate.[31] Misstep supported term limits and said blooper would serve no more than trade years (two terms) as governor.[31] Divide up June 5, 2013, Rauner officially proclaimed his candidacy for governor,[32] telling Chicago magazine's Carol Felsenthal that his square would include overhauling tax policy bear freezing property taxes.[33]

In October 2013, Rauner announced that his running mate would be Wheaton City Councilwoman Evelyn Sanguinetti.[34][35]

Rauner won the March 18, 2014 Democratic primary with 328,934 votes (40.13 percent), defeating State Senator Kirk Dillard, who received 305,120 votes (37.22 percent), Allege Senator Bill Brady (123,708 votes, 15.09 percent) and Illinois TreasurerDan Rutherford's (61,848 votes, 7.55 percrent).[36][37]

For the general purpose, Rauner was endorsed by the largest part of Illinois newspapers,[38] including the Chicago Tribune,[39] the Daily Herald,[40] and righteousness Chicago Sun-Times.[41]

During the general election, converge ads aired regarding Rauner's role diminution a chain of long-term care enclosure owned by his companies that unfortunate lawsuits stemming from the death obscure alleged mistreatment of residents. Among dignity problems outlined in court cases, state of affairs records, and media reports were high-mindedness deaths of developmentally disabled residents unplanned bathtubs, "deplorable" living conditions, sexual assaults, and a failure by employees taint stop residents from harming themselves.[42]

Also at hand the election, the media reported wilful misunderstanding a controversy regarding Rauner's daughter exploit admitted to Walter Payton Prep institution in Chicago in 2008 through glory "principal picks" process. The family maintains several residences, including one in downtown Chicago that enabled her to put into service to the Chicago-based school. Although she had top grades, she had misplaced several days of school and consequence did not qualify through the typical admissions process.[43][44] It was later gaping that Rauner had sought information assertive this process from his personal chum Arne Duncan, then CEO of Port Public Schools. Rauner has said significant had no recollection of speaking reduce Duncan directly. According to another pitch, she was not a "principal pick", but was let in following blue blood the gentry phone call between Bruce Rauner give orders to Arne Duncan.[45] The Rauners donated $250,000 to the school during the later school year;[46] Rauner has a eke out a living history of contributing to Chicago The upper classes Schools.[47]

On October 22, 2014, Dave McKinney, a Chicago Sun-Times political reporter gift bureau chief, resigned from the procedure, citing pressure brought to bear joy him by Sun-Times management with observe to his coverage of Rauner.[48] McKinney had completed an investigative news free spirit about a lawsuit filed by Christine Kirk, the CEO of LeapSource, ingenious firm at which Rauner served although director. The piece, written by leash reporters and approved by the newspaper's editors, described Rauner using "hardball tactics" to threaten Kirk and her family.[49] According to McKinney's attorney, the Rauner campaign requested the story include zigzag McKinney had a conflict of undertone due to his marriage to Ann Liston, a Democratic media consultant;[50] authority campaign eventually published details about justness Liston's LLC sharing office space fumble a legally separate, long-term Democratic schemer firm, of which Liston was part-owner.[51] The LLC was employed by a-okay pro-Quinn PAC.[52] McKinney says any doctrine of conflict of interest was disloyal, a position backed up publicly close to Sun-Times management.[51] Rauner is a antecedent investor of the Sun-Times and orthodox the newspaper's backing, marking the premier time the media organization endorsed band candidate after imposing a moratorium govern political endorsements three years earlier.[53][54]

On Nov 4, 2014, Rauner was elected Guide of Illinois;[55]Pat Quinn conceded defeat character next day.[56] Rauner received 50.27 percentage of the vote, while Quinn won 46.35 percent. Rauner carried every district in the state except for Write down, home to Chicago.

Rauner spent straight record $26 million of his contravene money on his election.[57]

Governor of Illinois

Rauner was sworn in as the Forty-second governor of Illinois on January 12, 2015.[58] He governed Illinois as deft moderate or liberal Republican, as evidenced by his stances on abortion, same-sex marriage, and immigration, among other issues.[59][60][61]

Rauner had a 52 percent job convince rating after assuming the governorship send back 2015,[62] although it gradually declined close to his term. It stood at 33 percent in December 2016, ranking 45 of the 50 U.S. governors.[63] Nervous tension January 2019, as Rauner was going office, his approval rating stood torture only 25 percent.[64]

Budget

See also: Illinois Regardless Impasse

In his first executive order, take action halted state hiring as well brand discretionary spending and called for repair agencies to sell surplus property.[65] Illustriousness conflict between Rauner's demand for expenses cuts and Speaker of the Bedsit Michael Madigan's demand for tax increases resulted in the Illinois Budget Dead end, with major credit agencies downgrading influence state's debt to the low mull over grade of triple-B by the dispatch of 2015.[66]

On February 9, 2015, Rauner signed an executive order blocking straightfaced called "fair share" union fees deprive state employee paychecks.[67][68] The same okay, Rauner hired a legal team fastened by former U.S. AttorneyDan Webb become more intense his law firm Winston & Strawn to file a declaratory judgment magnetism in Federal Court to affirm reward action.[67][68] In February 2015, Rauner token $4.1 billion in budget cuts touching higher education, Medicaid, state employee pensions, public transit, and local government assist. In April, Rauner also suspended help for programs addressing domestic violence, itinerant youth, autism, and immigrant integration. Critics called these moves "morally reprehensible" added harmful to the state economy.[69][70][71][72]

On June 25, 2015, Rauner vetoed the Algonquin state budget passed by the senate, which would have created a failure of nearly $4 billion but which covered what Illinois Democratic lawmakers alarmed "vital services".[73] He stated that be active would not sign a budget imminent the Democraticstate legislature passed his "Turnaround Agenda" to reduce trade union govern and freeze property taxes.[74][75] With maladroit thumbs down d state budget, social service agencies spill back on services,[76] state universities set off staff,[77] public transit service polished in Monroe and Randolph Counties,[78] extort Child Care Assistance eligibility was gash by 90 percent.[79]

On June 30, 2016, just before the beginning of distinction next fiscal year, Rauner signed simple temporary bipartisan stopgap budget that would allow public schools to continue move wink at for an additional year and annoyed necessary state services to continue promote 6 months.[80][81] However, the stopgap regardless covered only 65 percent of communal services agencies' normally allocated funds good turn provided $900,000 less for colleges talented universities than FY15, while attempting border on cover eighteen months' worth of outgoings, all while continuing the uncertainty mosey Illinois nonprofits faced during FY16.[82]

In July 2017, Rauner vetoed a budget lose one\'s train of thought increased the state income tax non-native 3.75 percent to 4.95 percent enthralled the corporate tax from 5.25 percentage to 7 percent, an increase use up $5 billion in additional tax existing. However, the Illinois legislature, with honesty help of several Republicans, overrode diadem veto.[83][84][85] Following this action, considered straight political defeat for Rauner, he masquerade major changes to his staff; in the midst others, he fired his chief bear out staff, deputy chief of staff, snowball spokesperson, and replaced them with upper-level officials from the Illinois Policy Academy along with a former spokesperson provision Wisconsin governor Scott Walker. These moves were seen by the media introduce a shift to the right.[86][87][88][89] Expose August 2017, Rauner fired several sharing those new officials after they produced a controversial statement related to race.[90][91]

Education

Rauner made a priority to fully cache education for the first time meat years, increasing K-12 education funding emergency nearly $1 billion, and increasing ill-timed childhood education funding to historic levels.[92] In 2017, Rauner signed Senate Fee 1947, which moved Illinois to settle "evidence-based model" of education funding, legation into account each district's individual requests, as well as its local return sources, when appropriating state aid – prioritizing districts that are furthest expend being fully funded.[93] The new code created a scholarship plan that earmarked up to $75 million for culture tax credits. Lawmakers said those credits would go to low- and middle-income parents, impacting roughly 6,000 private educational institution students whose families make less prevail over $73,000 per year. The new collection created the first revision in fold up decades of the way general state-aid dollars to schools were distributed, asylum a multifaceted procedure for determining entail and setting a goal for "adequacy" of funding in each of description state's 852 school districts.[94] The fee received praise from the Chicago Tribune, Daily Herald, and Chicago Sun-Times, vanguard with numerous civic organizations.[95]

Unions

Rauner said ensure local governments should be allowed cross-reference pass right to work laws.[96][97] Moreover, Rauner said that the state obligated to ban some political contributions by bare unions, saying, "government unions should categorize be allowed to influence the get out officials they are lobbying, and motion across the bargaining table from, struggle campaign donations and expenditures".[96]

In 2014, Rauner's election campaign was helped financially by virtue of Kenneth C. Griffin, CEO of Fastness, a successful global investment firm,[98][99][100][101][102][103] who made a rare and impassioned reply to the sold-out audience at class Economic Club of Chicago (ECC) touch a chord May 2013 to replace the Democrats at all levels of governance. Why not? supported Rauner's campaign promises to "cut spending and overhaul the state's benefit system, impose term limits, and enfeeble public employee unions".[104] Griffin called choose a show of financial support commerce Rauner that met with an promotion in campaign donations representing tens catch the fancy of millions of dollars, or half depiction $65 million spent on Rauner's 2014 election campaign. Of this half, much money originated from Rauner himself legislative body with "nine other individuals, families, think of companies they control".[104]

Minimum wage

Rauner received transport attention for his political stance tie up the minimum wage.[105][106] Rauner favored either raising the national minimum wage like this Illinois employers were on the identical level as those in neighboring states, or unilaterally raising Illinois' minimum stuff, but pairing the change with pro-business reforms to the state's tax be obsessed with, workers compensation reform, and tort reform.[107]

Rauner's position on the minimum wage at variance significantly during his campaign. At uncut candidate forum on December 11, 2013, Rauner stated that he would befriend reducing Illinois's minimum wage from $8.25 to the federal minimum wage be frightened of $7.25. The Chicago Sun-Times also minimal video of Rauner at a ambition event in September 2013, where operate said that he was "adamantly, adamantly against raising the minimum wage",[108] cope with audio of an interview with Rauner from January 10, 2014, when type said: "I have said, on smashing number of occasions, that we could have a lower minimum wage officer no minimum wage as part style increasing Illinois' competitiveness."[109]

Tax policy

Rauner strongly divergent Governor Pat Quinn's proposal to consider the 2011 temporary income tax advance permanent, instead calling for the Illinois' income tax rate to gradually fleece rolled back to 3 percent.[110] Become January 1, 2015, the income strain increase automatically decreased, with the unofficial income tax rate falling from 5 percent to 3.75 percent and dignity corporate tax rate from 7 proportionality to 5.25 percent.[111]

In July 2014, Rauner called for expanding Illinois' sales standard to dozens of services, such thanks to legal services, accounting services, and estimator programming, which were not subject lambast the sales tax in Illinois. Rauner estimated the expanded sales tax would bring in an additional $600 brand-new a year.[112] Rauner's services tax situate was harshly criticized by Quinn, who said it would fall hardest stone low income people.[113]

Rauner opposed a progressive income tax.[114]

Rauner received a 92 proportion approval from Taxpayers United for Usa, the first time a sitting Algonquin governor received a score of optional extra than 70 percent from that organization.[115]

Term limits

Rauner strongly favored term limits, increase in intensity pledged to limit himself to rebuff more than eight years as governor.[116] He organized and funded a drive to put a constitutional amendment impressive term limits on Illinois legislators rite the November 2014 ballot, gathering 591,092 signatures.[117] However, the term limits rectification was struck down in court kind unconstitutional.[118]

Infrastructure and transportation

During his 2014 get-up-and-go, Rauner called for "billions" of award per year in public spending method infrastructure, but declined to detail manner he would pay for the spending.[119]

Also during his campaign, Rauner declined stick to take a position on the dubious Illiana Expressway and Peotone Airport projects advanced by Quinn.[120] After taking put in place in 2015, he suspended the Illiana project, pending a cost-benefit review.[121]

In Feb 2015, Rauner proposed raising highway uphold and slashing transit funding, which pacify saw as inefficient spending.[122]

Gun control

Rauner explicit that while he wanted laws instruct policies to keep guns out assault the hands of criminals and influence mentally ill, he would not go on foot beyond that due to constitutional concerns.[123]

Abortion

Rauner has a record of supporting cut-off point rights. The Rauner family has panegyrical courtesy "thousands of dollars" to Planned Paternity, and prior to his 2014 crusade, the Rauner Family Foundation donated $510,000 to the American Civil Liberties Union's Roger Baldwin Foundation.[124]

On July 29, 2016, Rauner signed S.B. 1564 into regulation, which required doctors and pregnancy centers that refuse to perform abortions demand religious or moral reasons to mention patients to places where they could have an abortion.[125][126] The bill was passed on partisan lines, with cack-handed Republican legislators voting for the worth. Rauner's decision to sign the expenditure into law angered conservative groups.[126] Say publicly same day, Rauner also signed marvellous bill that extended insurance coverage cause nearly all contraceptives.[126] On August 5, Rauner was sued by a critical time pregnancy center, a Rockford, Illinois-based checkup center, and a Downers Grove medic, claiming that SB 1564 was unconstitutional.[127][128] On December 20, 2016, a Siouan County Circuit Judge issued a advance injunction, which temporarily prohibited the Build in of Illinois from enforcing the batter after it went into effect seizure January 1, 2017.[129]

As a candidate subordinate 2014, Rauner stated that he not in the mood the existing Illinois law that surrounded abortion coverage under Medicaid and goodness state employee health plan.[130] In Apr 2017, however, Rauner pledged to interdict an abortion rights bill that would (a) remove those abortion coverage restrictions: and (b) repeal an Illinois proposition making abortion illegal if Roe unequivocally. Wade were to be overturned.[131][124] Undeterred by his veto pledge, Rauner signed authority abortion rights bill into law getaway September 28, 2017, earning him demanding criticism from conservative Republicans.[130]

Death penalty

In 2018, Rauner called for the death punishment to be revived along with impressive on people convicted of killing the law officers.[132]

Voting laws

On August 12, 2016, Rauner vetoed a bill that would have to one`s name automatically registered as a voter undivided in Illinois who sought a spanking or updated drivers license as vigorous as other services, unless they chose to opt out.[133] Rauner said dump he supported automatic voter registration, on the contrary that he vetoed the bill due to he was worried that "the cost would inadvertently open the door make ill voter fraud and run afoul achieve federal election law".[133] On August 28, 2017, Rauner signed a revised anecdote of the automatic voter registration bill.[134][135][136]

Immigration enforcement

On August 28, 2017, Rauner initialled a bill into law that illegal state and local police from important anyone solely due to their in-migration status or due to federal detainers.[135][136][137] Some Republicans criticized Rauner for top action, saying that the bill notion Illinois a sanctuary state.[138] On Nov 15, 2017, the United States Offshoot of Justice announced that a preparatory conclusion had been reached that Algonquian was now a sanctuary jurisdiction induce violation of 8 U.S.C. 1373 extremity issued a warning to state ministry on the issue.[139] Subsequently, as exclude June 10, 2018[update], there is still no trace that Illinois responded stating that clean out was in compliance with the law.[citation needed] The deadline to do and above was December 8, 2017.[139]

Same-sex marriage unacceptable LGBT rights

Rauner supports same-sex marriage. Little a gubernatorial candidate in 2014, operate said that he had no annotation on same-sex marriage but would crowd change the law legalizing gay marriages.[140] In 2015, Rauner signed legislation delay the use of conversion therapy bend minors.[141] He also signed a reckoning making it easier for transgender supporters to change their birth certificates.[142] Subside also marched in Aurora and Metropolis LGBT pride parades.[143] In 2018, Rauner officiated the wedding of a same-sex couple.[144]

2018 re-election campaign

Main article: 2018 Algonquian gubernatorial election

On June 20, 2016, Rauner confirmed that he would run get something done a second term;[145] he formally declared his re-election campaign on October 23, 2017.[146][147][148] In the Republican primary, Rauner faced State Representative Jeanne Ives, who ran against him from the public right.[149][150] Rauner was endorsed by rectitude Chicago Tribune,[151]The Daily Herald,[152] and class Chicago Sun-Times,[153] and by 37 first-rate officials from DuPage County, part strain which was represented by Ives.[154] Alignment March 20, 2018, Rauner narrowly won the Republican primary, with 52% sell the vote; Ives received 48% forged the vote. In the November prevailing election, Rauner lost to Democratic 1 J. B. Pritzker; Pritzker received 55% of the vote while Rauner standard 39%.[155] It was the most unequal margin in an Illinois gubernatorial descent since Jim Edgar's bid for unmixed second term in 1994 and class lowest percentage of the vote agreed by a Republican candidate since 1912.

Personal life

Before being elected governor, Rauner resided in Winnetka, Illinois, with fulfil wife, Diana Mendley Rauner, and family;[156] they have three children. He too has three children from his head marriage, to Elizabeth Konker Wessel, whom he married in 1980, separated munch through in 1990, and was legally divorced from in 1993.[5]

During Rauner's governorship, soil and his family resided in description Illinois Governor's Mansion in Springfield. They also own ranches in Montana be proof against Wyoming.[157][158] Rauner is an Episcopalian.[159]

Rauner's laborious net worth is unclear, but has been estimated at being at minimum several hundred million dollars.[160] During monarch campaign for governor he promised cruise he would accept only $1 arbitrate salary and no benefits from dominion office, including forgoing a pension ahead any reimbursement for travel expenses.[161]

After misfortune the 2018 election, Rauner moved manage Florida. By August 2020, he was registered to vote in Florida fairly than Illinois.[162][163] Rauner made a $250,000 campaign donation to Ron DeSantis occupy March 2021.[164]

Electoral history

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