Walker’s Billionaire “Divide and Conquer” Backer, Diane Hendricks, Isn’t Paying State Corporate Tax

http://wepartypatriots.com/wp/2012/05/16/walkers-billionaire-divide-and-conquer-backer-diane-hendricks-isnt-paying-state-corporate-taxes/


Diane Hendricks

It seems the billionaire Scott Walker-backer with whom the Governor shared his “divide and conquer” strategy toward unions can give $500,000 to her favorite anti-worker puppet despite not paying a cent in state corporate income tax between the years of 2005 and 2008, the most recent years with records to show.

Diane Hendricks, the owner of the Rock County ABC Supply, has outspent fellow billionaires Sheldon Adelson (Las Vegas casinos) and Richard DeVos (Amway) in the anti-recall cause to support Walker. Her main concern? Turning Wisconsin permanently into a “Red State” that adopts “Right-to-Work” philosophies.

According to the Institute for Wisconsin’s Future, who recently investigated Hendricks, her large company employs limitless lawyers and uses tax loopholes to show zero profit. From their findings:

Hendricks, whom Forbes magazine says is worth $2.8 billion, heads Beloit-based ABC Supply Company, which the magazine calls “the nation’s largest roofing, window and siding wholesale distributor” with annual sales approaching $5 billion.

FULL story at link.