Saturday, November 5, 2022

Is Beloit billionaire well repaid for political contributions?

DIANE HENDRICKS 2022 Cycle Contributions: $22.6 million Net Worth: $12.5 billion

The founder of a Wisconsin- -based building-supply company, Hendricks has largely concentrated her political giving on her home state. She is the biggest donor—of almost $16 million—to a single-candidate super PAC supporting Wisconsin’s Republican senator, Ron Johnson. Hendricks and fellow Wisconsinconnected billionaires the Uihleins (see above) have provided over three-quarters of the funding for this super PAC backing Johnson, whose work on tax legislation in 2017 financially benefited her with a tax break worth $36 million in 2018 alone. For Johnson’s 2016 reelection Hendricks contributed (along with the Uihleins) a combined $20 million on the Senator’s 2016 reelection. Hendricks is also one of the largest contributors to Club for Growth Action, kicking in $4.5 million this cycle.

Above is fromhttps://americansfortaxfairness.org/wp-content/uploads/BILLIONAIRE-MONEY-REPORT-11_2.pdf