Statehouse
5:31 pm
Mon December 16, 2013

Gov Candidate Brady Releases Income Information

Sen. Bill Brady, R-Bloomington
Credit Brian Mackey/WUIS

State Senator Bill Brady will no longer have to defend himself against criticism he didn't pay enough in taxes.  The candidate for governor released his tax returns Monday.

When the mortgage crisis hit, Sen. Bill Brady's real estate development business took a hit.  So much so that in 2008 and 2009 he owed the federal government no income tax.

Brady defended that four years ago, when he was Republican's nominee for governor:

"I want to make sure I abide by the law. Overpaying is as fraudulent as underpaying under the IRS code."  Even so, Democrats' nominee, Gov. Pat Quinn tried to use it to paint Brady as an out of touch millionaire.

That won't work if there's a Brady/Quinn rematch in the next election.Brady's latest tax returns show he paid just over $37,000 in taxes last year.

It's expected the field of gubernatorial hopefuls will try to paint someone else as out-of-touch this time around: Bruce Rauner. Rauner, a Republican, released his tax returns last month -- showing investment and interest income of $53 million.

Sen. Kirk Dillard of Hinsdale and Treasurer Dan Rutherford are also running for the GOP nomination for governor, and Quinn's running against fellow Democrat Tio Hardiman.