(Wis. AFL-CIO) – A new video has surfaced in which Gov. Walker tells billionaire businesswomen Diane Hendricks, owner of ABC Supply Company, that attacking collective bargaining rights for public employees is just the “first step” in his “divide and conquer” plot to bust unions.
Diane Hendricks recently gave Gov. Walker $500,000 dollars and is Gov. Walker’s single largest campaign contributor. What you may not know is that Hendricks’ company, ABC Supply, pays $0 in corporate state income taxes.
According to the report by Institute for Wisconsin’s Future, ABC Supply paid exactly $0.00 in state corporate income tax in 2005, 2006, 2007 and 2008, according to the state Department of Revenue. Tax data for more recent years were not available when the information was requested from the department.
Visit http://www.wisconsinsfuture.org/ to view the report Who Does Not Pay Taxes.
Forbes magazine calls ABC Supply “the nation’s largest roofing, window and siding wholesale distributor.” It is estimated that annual sales approach $5 billion. While ABC Supply may be a huge money-maker for Hendricks, the Wisconsin corporate income tax returns she files claim the company makes not a penny in taxable profit.
Why is it that Gov. Walker publicly states that he does not want to destroy private sector unions, but the truth only comes out when he is kissing and hugging a billionaire campaign donor?
What Gov. Walker did not anticipate is that the people of Wisconsin would unite against his “divide and conquer” strategy and mount one of the largest grassroots efforts to reclaim their state in recent memory.
Corporate giant Spectrum Brands Holdings will be getting a check for $4 million dollars from the taxpayers of Wisconsin in exchange for a promise not to shut down operations in Madison and to hire “up to 60 new workers.”
It’s the latest in Wisconsin Governor Scott Walkers campaign to create 250,000 jobs in the state by 2014.
Spectrum, the multinational parent company of Rayovac batteries and Remington, among others, threatened to leave Wisconsin unless the state came up with some cash.
Walker proudly announced that he had brokered the extortion deal in a press release on November 29.
“We’re pleased that Spectrum is committed to staying in Wisconsin and is making a major investment in its operations,” Walker said. “We’re also excited that they are currently in the process of hiring up to 60 workers at their headquarters.”
The payoff was made through the Wisconsin Economic Development Corporation (WEDC).
“Since our origins, more than 100 years ago, as a battery manufacturer on Madison’s East Side, our company has played a significant role as a major employer in Dane County and other parts of Wisconsin,” Spectrum Brands Holdings’ CEO Dave Lumley said in a press release. “We appreciate this award from Governor Walker and WEDC as we have made a commitment to retain our headquarters and operations in Wisconsin and invest in our future in the state.”
Walker has promised to create 250,000 new jobs in Wisconsin in his first term. The Spectrum deal breaks down to a cost of about $67,000 per new job. At that rate, it will cost Wisconsin taxpayers a little over $16.7 billion to reach Walker’s goal.