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Cheney Visit to Wal-Mart Shows He'll Never 'Get It,' Says FAST

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ima_sinnic Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-06-04 01:29 AM
Original message
Cheney Visit to Wal-Mart Shows He'll Never 'Get It,' Says FAST
Edited on Thu May-06-04 01:31 AM by ima_sinnic
from the website of the Foods and Allied Service Trades/AFL-CIO, via PRNewswire:

VP Lauds Tax Cuts in Backyard of Biggest Beneficiaries of Dividend Tax Slash

WASHINGTON, May 5 /PRNewswire/ -- The Food and Allied Service Trades Department, AFL-CIO (FAST) chided Vice President Richard Cheney for picking Wal-Mart and Bentonville, Arkansas two days ago to hype the Bush/Cheney tax cuts as putting "more money in the hands of people who earned it."
Citing projections that the dividend tax cut alone would put over $1.1 billion ($1,152,121,809) into the pockets of Walton family members during the next six years, Jeffrey Fiedler, President of FAST said, "Vice President Cheney couldn't have picked a better town in America to hype the Bush Administration handout to the idle rich."
During his speech to Wal-Mart employees the Vice President again repeated the refrain that the average American saved $1500 on their taxes this year. "What he conveniently forgot to mention was that the Walton family (Sam Walton's widow Helen and their four children) have saved at least $136 million in 2003 on their tax bill, more than a bit above 'average' Americans," Fiedler said. "I guess he'll never get it," Fiedler added.
FAST has calculated that in 2004, assuming the Walton family continues to hold their 1.68 billion shares of Wal-Mart stock and the company actually pays the 48 cent per share dividend projected, the five Walton family members (Helen, Rob, Alice, Jim and John) will save at least $190,367,803 in federal income taxes.

a lot more, including statistics, calculations . . .

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RummyTheDummy Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-06-04 01:34 AM
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1. He couldn't have picked a better locale
What with Wal-Mart being one of the world's leading purveyor's of slave labor in this country and abroad in their sweat shops.
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JPJones Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-06-04 01:41 AM
Response to Original message
2. Lies, damn lies, and statistics.

But our education system keeps the masses ignorant, so they don't know to ask for the median, not the mean.
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pinniped Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-06-04 01:48 AM
Response to Original message
3. Funny how the gun-nuts constantly talk sh|t about China...
and at the same time they love to shop at WallyWorld because their ammo and other crap is cheap.

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sandnsea Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-06-04 02:04 AM
Response to Original message
4. Wal-Mart workers "don't pay taxes"
They don't make enough to generally pay any federal income tax, so they all know they didn't get a tax cut to begin with. If they could just have two check stubs. One from 2000 - one from today. Now maybe that's an idea, something just that simple. Anybody have copies of a 2000 minimum wage job and one from today? Some place to put it online and say SEE!!!

Yes, they pay SSI, but those taxes weren't cut. Just to let everyone know I'm not really spinning the "they don't pay taxes" meme, just noting the ignorance of Cheney telling Wal-Mart workers about their great tax cuts.
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