Blog Junky
a group blog for the political omnivore (objective and equitable)

Friday, April 25, 2003  

In GOP Holdout's State, Bush Pitches Tax Cut

"Bush was welcomed warmly this morning at Timken Co., where top executives would stand to reap handsome rewards from his tax plan, especially his proposal to all but eliminate taxes on corporate dividends. Under the dividend proposal alone, Timken's top four executives would have received as much as $955,000 tax-free when the company cut its last 13-cents-per-share quarterly dividend checks, according to company records. Chairman William R. Timken alone would have received as much as $930,000 tax-free in a single quarter. Timken has contributed more than $260,000 to Republican candidates and party organizations since the 2000 election..".

posted by Louis | 12:26 PM

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