THE LEFTISTS ARE CORRECT
"Wal-Mart presents itself as an entrepreneurial success story, yet over a few decades it has made extensive use of tax breaks, free land, cash grants and other forms of public assistance," Philip Mattera, research director of Good Jobs First said in a statement.
The study, which is funded in part by the United Food and Commercial Workers International Union, found that 91 Wal-Mart stores have received individual subsidies ranging from $1 million to about $12 million, in the form of free or reduced-priced land, job training funds, sales tax rebates, tax credits and infrastructure assistance, including investment in roads.
In total, these subsidies amounted to $245 million, the report said.
Separately, the report found that 84 of Wal-Mart's distribution centers received an average of $7.4 million in subsidies, totaling about $624 million. Additionally, a database search for tax-exempt bonds issued by state and local authorities indicated that another 69 Wal-Mart stores received other low-cost financing of about $138 million
Wal-Mart spokeswoman Mona Williams said the group was "shooting itself in the foot" with the report.
Labels: Wal-Mart
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