Family bank good for Giannoulias' taxes, bad for his campaign

The Chicago Tribune reports:

U.S. Senate candidate Alexi Giannoulias tells voters he was gone from his troubled family bank by late 2005, but that's not what he told the Internal Revenue Service.

Giannoulias was able to take a $2.7 million tax deduction last year because he reported working hundreds of hours at Broadway Bank in 2006.

Giannoulias says there's no contradiction, and in fact there is no suggestion the Democratic state treasurer took a tax break he didn't deserve. Rather, the issue highlights the fine line Giannoulias walks on the campaign trail in explaining exactly what he did at Broadway and when he did it.

Alexi Giannoulias: fighter for the little guy!