Wal-Mart Free NYC Coalition

Wednesday, March 23, 2005

Wal-Mart's Corporate Welfare

Several articles came out recently which illustrate one of Wal-Mart’s major advantages over small retailers: corporate welfare. Over the years, Wal-Mart has received billions of dollars in tax breaks and subsidies, which gives it an edge over competitors. Why should the largest corporation in the world get our tax dollars, you ask? Perhaps it has something to do with the millions of dollars it spends on campaign contributions.

In Gas City, Indiana, the state house just passed a bill to extend “…the deadline for a tax abatement on new logistical and information technology equipment that was used to attract a Wal-Mart distribution center to Gas City.”

Meanwhile, in Evergreen Park, a suburb of Chicago, Wal-Mart was offered $5.25 million in sales tax incentives to complete construction of their store before the holiday season.

In Colorado, Wal-Mart “announced last week it would not be building a distribution center in Pueblo West after all.” The reason? “the company said county commissioners were taking too long to sign a tax abatement agreement.”