Expecting $2 Billion A Year From GOP Tax Bill, Walmart Lays Off Nearly 10,000 Workers, Boosts CEO Pay to Over $22 Million

Walmart Could Pocket As Much As $2 Billion Annually, Thanks to Trump Tax Cuts

Nearly 6 Months Since Passage of GOP Tax Bill, Walmart Lays Off Nearly 10,000 Workers in Over Two Dozen States

Wednesday, May 30, 2018


WASHINGTON, D.C. — Ahead of Walmart’s annual meeting today, Not One Penny spokesperson Tim Hogan released the following statement:

“With a massive giveaway from the Republican tax bill, Walmart continues massive layoffs — with nearly 10,000 Americans now out of a job in more than half the states in the country. But their CEO will get yet another raise with a salary that’s now 1,118 times that of Walmart’s median worker. No amount of theater at today’s shareholder meeting can hide the fact that President Trump’s tax bill is benefiting this massive corporation, its CEO and its shareholders at the expense of working families.”


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