General Discussion

Coyotl

(15,262 posts) Wed Feb 26, 2014, 11:36 PM Feb 2014

Wal-Mart Got $150 Million in Gov't Subsidies - $63 billion in subsidies to Fortune 500 companies

Wal-Mart Got $150 Million in Government Subsidies
http://www.truthdig.com/eartotheground/item/wal-mart_got_150_million_in_government_subsidies_20140226

Non-partisan watchdog Good Jobs First just released a study showing that federal, state and local officials have awarded $63 billion in subsidies to Fortune 500 companies alone.

Wal-Mart, according to the group, got 261 subsidies worth $149,942,595.

The biggest beneficiary appears to be Boeing, which received more than $13 billion from 137 separate subsidies.

Economic development dollars are supposed to create jobs, but often they help highly profitable companies reap windfalls at the taxpayers’ expense.

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8 replies

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Highlight:

Wal-Mart Got $150 Million in Gov't Subsidies - $63 billion in subsidies to Fortune 500 companies (Original Post) Coyotl Feb 2014 OP

OMG! I just Googled "Hillary Clinton Walmart"! NYC_SKP Feb 2014 #1

You're simply terrified, aren't you? n/t Egalitarian Thug Feb 2014 #7

Which doesn't even count the subsidy US taxpayer gives to WMT kenny blankenship Feb 2014 #2

* DJ13 Feb 2014 #3

This article sucks joeglow3 Feb 2014 #4

Does this subsidy tracker help? progressoid Feb 2014 #8

kicking Coyotl Feb 2014 #5

Thank God for this Goldman-Sachs administration. Without it, we wouldn't know who the bad guys are. Egalitarian Thug Feb 2014 #6

NYC_SKP

(68,644 posts)

1. OMG! I just Googled "Hillary Clinton Walmart"!

Reply to Coyotl (Original post)

Wed Feb 26, 2014, 11:41 PM

Feb 2014

No connect whatsoever.

To Democratic or Progressive principles.

Egalitarian Thug

(12,448 posts)

7. You're simply terrified, aren't you? n/t

Reply to NYC_SKP (Reply #1)

Thu Feb 27, 2014, 02:45 AM

Feb 2014

kenny blankenship

(15,689 posts)

2. Which doesn't even count the subsidy US taxpayer gives to WMT

Reply to Coyotl (Original post)

Wed Feb 26, 2014, 11:45 PM

Feb 2014

in the form of food stamps and Medicaid for underpayed WMT employees, 80% of whom are receiving food aid. That runs to over a billion dollars a year. In fact, it's over 2 billion dollars a year. CEO Mike Duke ~~earns~~ receives more in one hour than his "associates" on the WMT sales floor will make in exchange for an entire year of work.

DJ13

(23,671 posts)

3. *

Reply to Coyotl (Original post)

Wed Feb 26, 2014, 11:49 PM

Feb 2014

?1381530294

joeglow3

(6,228 posts)

4. This article sucks

Reply to Coyotl (Original post)

Thu Feb 27, 2014, 12:25 AM

Feb 2014

As a tax CPA who know works at a Fortune 500 company, I wanted to see what these subsidies are. Are they jobs tax credits? Investment credits? Hard to analyze and come to a conclusion when they offer no specifics.