Republican for Illinois governor Darren Bailey releases tax returns — what to know

CHICAGO – Illinois voters shall be selecting between a billionaire and a millionaire for governor.

Republican candidate Darren Bailey has launched his tax returns. Some estimates point out the southern Illinois farmer is value $5 million.

In 2017, his gross adjusted revenue was simply over $1,700. The next yr, it jumped to $211,000 and in 2019, it dipped to $189,000 — greater than double the typical American family earnings.

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Professional Publica has reported Bailey acquired greater than $570,000 from the federal authorities throughout the pandemic in Paycheck Safety Program loans.

The Chicago Tribune discovered he acquired $280,000 from the U.S. Division of Agriculture.

Political Editor Mike Flannery says politicians’ tax returns sometimes inform us solely a part of the story.

“A spokesman says Bailey owns about 3,000 acres in southern Illinois, has a mortgage on that land. However there’s additionally a trucking firm that we all know, a transportation firm that they run. There’s an excavation firm as nicely. There’s clearly, the Bailey farms down there in southern Illinois, are a multi-million greenback operation. And what we get in these tax returns is a tiny glimpse of a tiny little bit of the cash that appears to be transferring in any given yr,” Flannery stated.

His challenger, Governor JB Pritzker, was born into one of many richest households in America. His estimated value stands at $3.6 billion.