Tax Reform Allows Walmart To Increase Employee Wages

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Ever since President Trump signed in the Tax Cuts and Job Acts, Walmart is planning on giving out a one time bonus along with raised wages and expanded benefits to many of it’s employees.

Walmart president and chief executive officer said, “Today, we are building on investments we’ve been making in associates, in their wages and skills development.”

“It’s our people who make the difference and we appreciate how they work hard to make every day easier for busy families.”

“We are early in the stages of assessing the opportunities tax reform creates for us to invest in our customers and associates and to further strengthen our business, all of which should benefit our shareholders. However, some guiding themes are clear and consistent with how we’ve been investing — lower prices for customers, better wages and training for associates and investments in the future of our company, including in technology. Tax reform gives us the opportunity to be more competitive globally and to accelerate plans for the U.S.”

  • Marty Koval

    The estimated wage increase for 2017 was 2.2% prior to approval of the Republican generated tax law, that all Democrat Senators voted against. With the new tax law in place Wal-Mart gave employees a 10% increase on the hourly rate from $10 to $11.

    Without the approved tax law, most likely the Walmart employees would have received no wage increase or a very small increase. These Walmart employees should be thankful for President Trump being President, because without him in office, they would have not seen this substantial wage increase.

    If these employees are Democratic supporters, they should consider changing their party allegiance. Why, because 100% of the Democrats Senators voted against this tax law. If they keep on voting for Democrats, they are supporting politicians who can care less about people who are trying to make a living.

    • Al Red

      The liberals fail to realize that by raising the minimum wage instead of cutting taxes causes walmart to do is either raise the cost of goods or cut hours to compensate for the lose in revenue. By lowering the tax burden on the business negates the both the need to cut hours or raise the cost of goods.