Wal-Mart Is Costing Tax Payers Millions Of Dollars

  • “The Democratic Staff of the Committee on Education and the Workforce estimates that one 200-person Wal-Mart store may result in a cost to federal taxpayers of $420,750 per year – about $2,103 per employee. Specifically, the low wages result in the following additional public costs being passed along to taxpayers:
    • $36,000 a year for free and reduced lunches for just 50 qualifying Wal-Mart families.
    • $42,000 a year for Section 8 housing assistance, assuming 3 percent of the store employees qualify for such assistance, at $6,700 per family.
    • $125,000 a year for federal tax credits and deductions for low-income families, assuming 50 employees are heads of household with a child and 50 are married with two children.
    • $100,000 a year for the additional Title I expenses, assuming 50 Wal-Mart families qualify with an average of 2 children.
    • $108,000 a year for the additional federal health care costs of moving into state children’s health insurance programs (S-CHIP), assuming 30 employees with an average of two children qualify.
    • $9,750 a year for the additional costs for low income energy assistance.”
  • The total figure is based on the average $420,750 per-store figure, multiplied by 3700 (the approximate number of stores currently in the United States).
  • Source: Rep. George Miller / Democratic Staff of the Committee on Education and the Workforce, “Everyday Low Wages: The Hidden Price We All Pay for Wal-Mart” 

 When confronted with facts like these, how do you suppose the majority of Teabagistan would react? If you suppose that they’d defend Walmart’s cost to the American taxpayer as Freedom Loving Capitalism and Rob Walton’s wealth as rightfully earned through his own “hard work” and “God-fearing American Patriotism,” you’d probably be right. And it wouldn’t be too much of a stretch to note that these self-loathing toads would also likely dismiss this information immediately by saying the need for health care reform is a Socialist / Fascist / Communist Kenyan Plot.
With the Republican Party and their presidential candidates at war with labor unions and working and middle class Americans, one day a job at Walmart is going to be the best any of us can hope for.
If the GOP wins, the difference will be that none of the benefits today’s Walmart employees have to rely on to simply live will be available for tomorrow’s Walmart employees. Still, when that day comes, Walmart and Rob Walton will have great tax rates and loopholes because of the Republican party — and they’ll be celebrated as job creators to boot. That’s called the Conservative Circle of Life.

Courtesy Of UMB

No comments:

Post a Comment