COORS KEEPS TABS ON TAXES BREWER CUT BILL 90% IN 2 YEARS.(Business)

From: Rocky Mountain News (Denver, CO) | Date: May 22, 2004| Author: Milstead, David | Copyright information

Byline: David Milstead, Rocky Mountain News

Staff writer Jim Tankersley contributed to this report.

U.S. Senate candidate Pete Coors says he's a tax-cutter. Evidence is ample at the Adolph Coors Co., which has cut its federal income tax bill by almost 90 percent in two years.

The company, of which Pete Coors is chairman, has 2003 federal tax expense of just under $8 million on sales of $4 billion and pretax profits of $253.8 million. The tax expense...

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