Li'l Pea

24.5.04

This HAS TO BE illegal.
I know it isn't and that the government has subsidized corporations before but this is just the most inconceivable thing EVER!

I found this at Center for American ProgressWAL-MART
Wal-Mart Welfare

A new report released from Good Jobs First today shows that Wal-Mart, the world's largest retailer, has received more than $1 billion in economic development subsidies from states for its stores and distribution centers. The subsidies have come as many states are forced by White House tax cuts and reductions in federal grants to make tough budget decisions. A report by the Center on Budget and Policy Priorities shows states are cutting subsidies for publicly funded health insurance, child care, federal employment, both higher and lower education, and programs aimed at public safety and people with disabilities -- all this while ponying up taxpayer dollars to subsidize a retailer that took in more than $200 billion revenue and netted nearly $9 billion in profits last year, even as it paid workers near-poverty wages, drove out local businesses and violated environmental regulations.

- posted by Polly @ 12:56 PM |