THE WILMINGTON SHAKEDOWN! A SIMPLE THREE-STEP GUIDE TO TAKING PA TAXPAYERS TO THE CLEANERS
HARRISBURG, PA – Now that Pennsylvania Democrat Tom Wolf has bought the party’s nomination for governor, the Corbett-Cawley campaign released a handy guide to help show the millionaire how to shake down Pennsylvania taxpayers to fund a run for governor. This simple three-step guide makes it possible to see how you can sell your company down the river at the expense of taxpayers and then come back to use it as a personal piggy bank in order to buy your party’s nomination for governor.
Step 1. Sell your Delaware-based family company – a company that you allegedly care so much about – down the river for $20 million to an investment firm who is funded with $41 million of State Employee Retirement System (SERS) money in a leveraged buyout; proceed to watch company fall into financial disarray. Go on to Harrisburg and fight to raise taxes on hardworking Pennsylvanians (Exhibit A).
“The fund's partial buyout of Wolf's firm benefited him and his two cousins, but it has been a loss so far for the fund's investors, the largest of which is Pennsylvania's underfunded State Employees Retirement System (SERS).” –The Philadelphia Inquirer
Step 2. Buy back into your company at a bargain price (with millions of dollars more in assistance from Pennsylvania taxpayers), and then use your interest in that company as collateral to take out a $4.45 million dollar loan in an attempt to buy an election despite hypocritically campaigning for campaign finance reform (Exhibit B).
Millionaire Secretary Tom Wolf: The guru of making millions at the expense of taxpayers and then running for Governor by taking out a loan against his company that risks throwing it all back into financial disarray again…with more financial help from the taxpayers.
Step 3. Be a millionaire who pays a single digit tax rate on the millions of dollars you make each year, and then spend your fortune conning the people of Pennsylvania into thinking you’re just a typical Jeep-drivin’ average Joe (Exhibit C).