Walmart Got $150 Million in Government Subsidies
Nonpartisan 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.
Nonpartisan 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.
Walmart, 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.
Tax cheat Apple, which stashes billions abroad to avoid the IRS, got $446,485,233 from the citizens of North Carolina, Nevada and Texas.
David Sirota has more to say about this over at Pando.
— Posted by Peter Z. Scheer
Your support is crucial…With an uncertain future and a new administration casting doubt on press freedoms, the danger is clear: The truth is at risk.
Now is the time to give. Your tax-deductible support allows us to dig deeper, delivering fearless investigative reporting and analysis that exposes what’s really happening — without compromise.
Stand with our courageous journalists. Donate today to protect a free press, uphold democracy and unearth untold stories.
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.