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Walmart’s Top-to-Bottom Taxpayer Subsidies


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Walmart’s Top-to-Bottom Taxpayer Subsidies

Sarah Anderson, Frank Clemente

Low-income families weren’t the only ones hurt by cuts to food stamps last fall. Top Walmart executives also took a hit.

The cutbacks ate into the discount giant’s sales because so many of its low-income customers rely on this public assistance program to help pay for their groceries. And that made it tough for the company’s top brass to meet their bonus targets.