Wal-Mart family lobbies for tax cuts
By Jim Hopkins, USA TODAY
Posted 4/5/2005 10:31 PM Updated 4/5/2005 11:21 PM
http://www.usatoday.com/money/perfi/taxes/2005-04-05-waltons-usat_x.htm
Now, in a little-noticed move, the company's founding family has plunged into a fight to pass income tax changes and other legislation that could preserve its grip on the USA's biggest business and the family's $84 billion fortune. The Walton support for Bush and other fiscal conservatives assumed new urgency last month when Wal-Mart sweetened its dividend - boosting Walton dividend income above $1 billion a year.
Bush's dividend tax cut, enacted two years ago and set to expire in 2009, will save the family as much as $51 million this year.
Monday, August 01, 2005
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