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Repiglican Roast

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Name: TheFuriousGourmet

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Wednesday, May 31, 2006

Bush tax cuts stand Lee Raymond a break worth over $160 million.

[...]
Pointing to data indicating that 99 percent of the estate tax is paid by the highest-earning 5 percent of Americans, a report released by the Democrats indicates that CEO's of major oil companies stood to gain significantly from a repeal. Democrats' estimates put oil company gains at at least a "$200 million windfall." The family of one oil executive, Lee Raymond (the former ExxonMobil CEO, pictured above left), alone stood to receive a tax break worth over $160 million.
[...]

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