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Walmart is the largest importer of foreign goods and is also the biggest employer in the nation. If they can't deduct the cost of procuring their products then their whole business model goes out the window. They are the lowest priced of all retailers. That is their business model. This actually could make Walmart go under and the largest workforce in America could be out of work.
Walmart is the largest importer of foreign goods and is also the biggest employer in the nation. If they can't deduct the cost of procuring their products then their whole business model goes out the window. They are the lowest priced of all retailers. That is their business model. This actually could make Walmart go under and the largest workforce in America could be out of work.
It would be a shame, given the fact that Wallmart is in middle of a major re-shoring campaign bringing jobs back to US. They were named in the Manufacturing Hall of Fame in 2010 for their efforts to bring jobs back to US.
It is a good example of companies who will be punished heavily by this move.
Neither can I. But on the other hand, they employ more than two million people in the U.S. alone. I guess you don't care about them, either?
Technically, we all are paying for Walmart employees. Last I read, taxpayers subsidized medial care, Food Stamps, subsidized housing, etc. to the tune of some $6 billion a year.
Technically, we all are paying for Walmart employees. Last I read, taxpayers subsidized medial care, Food Stamps, subsidized housing, etc. to the tune of some $6 billion a year.
It would be a shame, given the fact that Wallmart is in middle of a major re-shoring campaign bringing jobs back to US. They were named in the Manufacturing Hall of Fame in 2010 for their efforts to bring jobs back to US.
It is a good example of companies who will be punished heavily by this move.
If Walmart is "reshoring," than they'll be good to go, correct?
Yep, a new tax that will greatly impact the middle and lower classes while the top tax brackets get nice, big, fat tax cuts. What did you guys who voted Republican expect? Because this is exactly what most people on the left knew would be coming. We tried to warn you that the Republican party has no interest or concern about the middle class, but you didn't believe us. Now maybe you're starting to...
True, but these guys are going to call the proponents of this tax plan RINO's. Or, they will think it is going to help bring manufacturing jobs back. Unfortunately, they do not realize that this is simply to pay for a tax break to the 1% and the big corporations. The middle class and lower class suffer here whilst the upper classes thrive.
Now, I don't know when a Republican goes from a RINO to simply a Republican for these guys. It honestly astounds me how they can be tricked over and over and over again but continue to fall for the same game. Like our lackluster, soon to be president would say - sad.
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