Walmart Adds $1 Billion to the Country’s Deficit Every Single Year

Categories: Workers' Rights, Labor

A new report shows that Walmart adds $1 billion annually to the country’s deficit through various tax breaks and is scheming to lower its U.S. corporate tax rate to 25%, which would deplete the country’s revenue by another $720 million a year. Walmart is just one of the corporations that regularly dodge taxes and deplete the country’s revenue that should be there for us to invest in education, infrastructure, healthcare and other areas.

“When Walmart dodges billions in taxes, the rest of us are forced to pick up the tab,” said Frank Clemente, executive director of Americans for Tax Fairness, which released the report.

Read the report here.

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