Good afternoon. Here’s the latest news you need to know in Chicago. This is an approximately 5 minute read that will educate you on today’s biggest stories.
This afternoon will be mostly sunny with a high near 82 degrees. Tonight will be partly cloudy with a low near 63. Tomorrow will be mostly sunny with a high near 84.
Downstate Republican Darren Bailey’s tax returns show years of feasting – and starvation – on the farm
Tax returns released yesterday show Republican gubernatorial candidate Darren Bailey has suffered major financial ups and downs at his downstate farm over the past five years, including two years of net losses .
Those losses came during the pandemic, but Bailey’s highest-earning year of 2018 brought in more than $200,000 in adjusted gross income. That income is on top of hundreds of thousands of dollars in federal farm subsidies that Bailey and his wife have received since 2017.
Bailey’s campaign released five years of tax returns – reversing an earlier decision to keep them private. A day after winning the GOP primary, the downstate farmer told the Sun-Times that he would not release any of his comebacks. He was also asked if he was a millionaire.
“I have farmland,” Bailey said in June. “So yeah, I guess that’s a fair statement.”
But since then, Bailey has presented himself publicly as a working-class candidate, taking every opportunity to criticize the incumbent governor as being out of touch with the people’s financial problems.
Yesterday Bailey, also a state senator, released the first two pages of his tax returns for each year. In 2017, the Baileys reported adjusted gross income of $1,776 and no taxable income.
Their adjusted gross income jumped to $211,108 in 2018 – as Darren Bailey was elected to the House from Illinois and could count two incomes. Illinois state officials earned $67,836 in 2018. The Baileys listed their taxable income at $132,416.
In 2019, the Baileys reported adjusted gross income of $189,029. Of this amount, $111,599 was taxable.
For the next two years, the Baileys reported negative income on their tax returns. In 2020, when Bailey moved to the Illinois Senate, the couple reported a deficit of $164,961 and no taxable income. In 2021, the Baileys reported an adjusted gross income shortfall of $99,264 and no taxable income.
“Everything Darren Bailey owns is tied to the territory,” campaign spokesman Joe DeBose said of his candidate’s tax returns. “There’s a big difference between a man who built a family farm with his bare hands and a billionaire who inherited a trust fund.”
Bailey admitted to farming more than 12,000 acres of farmland in the southern part of the state, but his campaign would not disclose the Baileys’ actual acreage. A portion of Total Bailey Farms is in partnership with other landowners.
Our Tina Sfondeles and Dave McKinney of WBEZ break down what the feedback reveals here.
More news you need
- President Joe Biden said today an interim railroad labor deal has been reached, averting a strike that could have been devastating to the economy ahead of the crucial midterm elections. Locally, Metra was set to cancel some of its busiest lines this evening, but the deal means services will run without interruption.
- Although she lost significantly in the race for Illinois secretary of state, Anna Valencia said she plans to get off the mat and seek re-election as city clerk of Chicago. Our Fran Spielman recently spoke to Valencia ahead of the election – which Valencia say will be a challenge – here.
- In his review of the movie “Pearl,” our reviewer Richard Roeper writes that actor Mia Goth delivers an electrifying and chilling performance as the titular character in the fantastically twisted prequel to the horror hit “X.” Read Roeper’s full review here before the movie hits theaters tomorrow.
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Riot Fest essential sets: punk, hip-hop, rock, metal punctuate the annual music festival
Riot Fest is set to kick off tomorrow at Douglass Park and run through Sunday, bringing with it an eclectic lineup of big names and rising acts – and other fun attractions. It may be the only place you can show up, get married in an on-site wedding chapel if you wish, take a victory lap on a Ferris wheel and experience the best of punk, hip-hop, rock, metal and GWAR before sunset.
This year is no different with an assortment of talent ranging from The Original Misfits to Coolio – not to mention all the after-show twilights.
If you’re planning on heading to the festival, here are a few acts you won’t want to miss.
Besides the fact that grimy British duo Bob Vylan (born 2017) may have one of the best band names of all time, their amped-up rants like “We Live Here” are some of the biggest new tracks on the bandwagon. last decade. Tackling racism, police brutality, class warfare and other societal ills through face-to-face lyrics and electro-fueled punk fury, they carry the torch of Rage, Fever 333 and The Clash. (4:15 p.m. Friday, Rebel Stage)
Yeah yeah yeah
There was a time when a strong wave of New York indie rock dominated the music industry, led by bands like The Strokes and Yeah Yeah Yeahs. The latter was an artistic approach to garage rock spearheaded by the formidable Karen O, who became as much a cultural icon as her predecessor Debbie Harry, while tracks like “Gold Lion”, “Heads Will Roll” and “Maps” defined the time. And then the trio left in 2014. They’ve since reappeared and will release ‘Cool It Down’ this month, their first new album in nine years that shows they still have that X factor. (7:10 p.m. Sunday, Roots Stage)
Nine inch nails
In 2019, NIN was named by fans as the #1 act to ever perform at Riot Fest in an event-sanctioned poll, with many praising the industrial act’s 2017 ensemble. Frontman Trent Reznor has written some of the most ferociously danceable songs of our time (“Terrible Lie,” “March of the Pigs,” “The Perfect Drug”) and brought in some of the most capable musicians to grease the machine. . NIN shows are known for their high production value, and this weekend’s appearance will be worth the wait after the act had to postpone last year’s scheduled set due to COVID. Although they aren’t listed as offering a full album, NIN’s flagship EP “Broken” turns 30 a few days later, just to say. (8:15 p.m. Sunday, Riot Stage)
Selena Fragassi has the full list of must-see acts here.
From the press gallery
Your daily question☕
What’s a classic staple of a Chicago apartment or house?
Email us at [email protected] and we might feature your response in the next afternoon edition.
Yesterday we asked you: If someone is looking to “immerse themselves” in Chicago culture, like Darren Bailey, what neighborhood should they move to?
Here’s what some of you said…
“Rogers Park. It’s one of the most diverse neighborhoods in the whole country. Over 70 languages are spoken here. It feels like a real community, where we all try to take care of each other. —Alex Ives
Hyde Park. —Patty Roberts Rohm
“Dunning Park / Edison / Portage Park.” —George Bugasch
“Pilsen.” —Mela Mamaos
“Since Darren Bailey wants to criticize Chicago, why not live in some of the tougher neighborhoods like Englewood, Auburn Gresham and Greater Grand Crossing and see if he’s comfortable living there? What will be his plan then to curb the violence happening in Chicago as governor of Illinois? You criticize our wonderful city because you are a farmer who has never lived here. —Maurice Snell
“Literally the fastest way to immerse yourself in Chicago: go jump in the lake. —Alaina Harness
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