The Wall Street Journal is reporting some of the nation’s highest paid CEO’s will reap tens of millions of dollars in tax breaks under Bush’s new plan that slashes the tax rate on dividends. The Journal estimates Bill Gates, head of Microsoft, will earn $80 million more, the CEO of Viacom, which owns CBS, Sumner Redstone, will make $40 million, and Sandy Weill, head of Citigroup, will take an additional $17 million.
CEOs Reap Tens of Millions From Bush Tax Cut Plan
HeadlineAug 13, 2003