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Economic News, Data and Analysis

Wal-Mart Finally Buys US “Products”

Wal-mart, famous for buying goods primarily from China, finally decides to by American.
This seems to be a pretty good return on investment…

USATODAY.com – Wal-Mart family lobbies for tax cuts
[…]
Led by Sam Walton’s only daughter, Alice, the family spent $3.2 million on lobbying, conservative causes and candidates for last year’s federal elections. That’s more than double what it spent in the previous two elections combined, public documents show.
[…]
The Waltons declined to discuss their political activities. But a USA TODAY review of public documents reveals a small-town Arkansas family emerging as a political juggernaut on tax issues, extending Wal-Mart’s influence over U.S. society even more.
The Walton support for Bush and other fiscal conservatives assumed new urgency last month when Wal-Mart sweetened its dividend — boosting Walton dividend income above $1 billion a year. Bush’s dividend tax cut, enacted two years ago and set to expire in 2009, will save the family as much as $51 million this year.

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Filed under: Fiscal Policy

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