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

[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 . . .