Recall Roundup May 14, 2012
With the June 5th recall elections less than a month away these are some of the top news stories out of the State of Wisconsin related to the recall.
A Walker Top Donor Has a Problem Paying Taxes
Last week, a video surfaced of Governor Scott Walker speaking with a major donor in January 2011, just weeks before Walker introduced his "budget repair bill" stripping collective bargaining rights from most public workers. Publicly Walker justified the measure by saying the state was "broke" and there was no other choice. The video shows Walker telling Beloit billionaire Diane Hendricks a different story. She asks him how to create a "red state," and Walker explains his plan to "divide and conquer" unions. Hendricks is one of Walker's biggest contributors, writing him a single check for $500,000. She is also the owner of ABC Supply Company. This weekend, the tax experts at The Institute for Wisconsin's Future took a closer look at the company Hendricks owns. According to the IWF, "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. ABC Supply may be a huge money-maker for Hendricks, but the Wisconsin corporate income tax returns she files claim the company makes not a penny in taxable profit." Tax data from more recent years was not available.