Thursday, November 29, 2012

Pushing for raising taxes and trying to avoid tax increase

At the Democratic National Convention, Costco
 co-founder and former CEO Jim Sinegal provided
 his endorsement of President Obama.

He also  pushed for raising
the top marginal rates in the federal income tax code.


Months later Jim Sinegal and the rest of the Costco
 board voted to give themselves a
special dividend to avoid Mr. Obama's looming
 tax increase.

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