WalMart received an estimated $7.8 billion dollars in tax breaks and subsidies in 2013
On April 15, taxpayers in Phoenix, Arizona delivered a special tax bill to Walmart Chairman, Rob Walton. According to the group Americans for Tax Fairness, the retail giant received an estimated $7.8 billion dollars in tax breaks and subsidies in 2013. Those benefits include lower tax rates on dividends issued to the Walton family and Walmart executives, loopholes and special tax breaks from the government, and social services that employees use to subsidize Walmart's poverty wages. To put that number in perspective, $7.8 billion dollars is enough money to hire more than 100,000 new public school teachers. And, that massive number doesn't even include additional benefits Walmart receives from low tariffs on Chinese products, or the revenue they take in from being the largest recipient of food stamp dollars. Anthony Goytia, one of the Walmart workers who helped deliver the massive tax bill, said, "When the richest family in America isn't paying their fair share, it's no wonder that our children's schools, our roads, and basic public programs are getting cut left and right." And he's exactly right. Our government may let the retail giant get away with avoiding taxes, but our fellow citizens are exposing Walmart's reliance on corporate welfare.
The reality of Walmart is that yes you are getting cheap products because the quality is poor, but you aren't getting inexpensive products because you are paying for them in other ways such as all the welfare benefits the Walmart employees receive. Senator Rand Paul speaks out against these Corporate Welfare Queens.
This article is so twisted and deceptive. Just about all corporations get these tax breaks and have these loopholes. As far as the "subsidies" Walmart receives; that would be food stamps and other government "entitlements" that are spent at all stores. Why on earth is Walmart always singled out as the only Corporate Welfare Queen? It doesn't make sense to me.
the best thing we could do is start a national "buy american" campaign. This would put people right here in the US back to work and boost consumer spending. Too bad so many of your would rather rant and rave based on whatever way the talking heads on tv tell you to instead of joining in on a common sense solution.
Buy American and pay 10 x's as much.. yes that is good for the economy. Not. If you want to fix this you should consider a flat tax with no loop holes.... but then the Dem's (who will take issue with this post) won't have a never ending pool of money to give to those who want our money for doing nothing. Take the loopholes away without fixing the infrastructure and there won't be any American businesses to buy from.
Speaking of trashy, poorly made clothing. I'd purchase a walmart T before Old Navy any day. Old Navy holds up maybe 10 washings. Cheap stuff... cheaply made... poorly constructed to last for little time.
The reality of Walmart is that yes you are getting cheap products because the quality is poor, but you aren't getting inexpensive products because you are paying for them in other ways such as all the welfare benefits the Walmart employees receive.
ReplyDeleteSenator Rand Paul speaks out against these Corporate Welfare Queens.
This article is so twisted and deceptive.
ReplyDeleteJust about all corporations get these tax breaks and have these loopholes. As far as the "subsidies" Walmart receives; that would be food stamps and other government "entitlements" that are spent at all stores.
Why on earth is Walmart always singled out as the only Corporate Welfare Queen? It doesn't make sense to me.
the best thing we could do is start a national "buy american" campaign. This would put people right here in the US back to work and boost consumer spending. Too bad so many of your would rather rant and rave based on whatever way the talking heads on tv tell you to instead of joining in on a common sense solution.
ReplyDeleteBuy American and pay 10 x's as much.. yes that is good for the economy. Not. If you want to fix this you should consider a flat tax with no loop holes.... but then the Dem's (who will take issue with this post) won't have a never ending pool of money to give to those who want our money for doing nothing. Take the loopholes away without fixing the infrastructure and there won't be any American businesses to buy from.
ReplyDeleteSpeaking of trashy, poorly made clothing. I'd purchase a walmart T before Old Navy any day. Old Navy holds up maybe 10 washings. Cheap stuff... cheaply made... poorly constructed to last for little time.
ReplyDelete