Thursday, April 10, 2003
Administration Oversight

Multi-Million Dollar Tax Savings for Top Executives

A new report released by Rep. Waxman shows that while President Bush's plan to eliminate personal income tax on dividends would have little impact on the average American, the three top executives at "Fortune 100" corporations would share an estimated tax savings of nearly $120 million each year. More than 20 top executives would each receive annual tax savings of over $1 million.