Walmart presented its recent decision to offer better salaries to its employees as a product of President Trump’s tax cuts, but that is not actually the case, believes Pat Garofalo of US News. The rise in wages was a natural development that had been preceded by other raises, and likely came, at least in part, as a response to Target, a competitor, raising its own wage bill. Due to low unemployment, these companies need to raise wages to retain staff and offer a better service. Walmart is one of many companies that used raises as a means to gain favor from Trump, by attributing them to his tax reform, when he really had little to do with it.
The president’s tax reforms led directly to better wages and other benefits for the employees of Walmart and other companies, reports Sean Moran of Breitbart. This improvement will affect over a million employees of the retailer. Bonuses of $1000 will be handed out, maternity and parental support will go up, and the minimum wage will be raised to $11 an hour. Walmart is among over 100 businesses that will give workers up to $2,000 in bonuses. Lower taxes saved money that can be used to boost local investment, contributions to retirement plans and salaries. Trump’s tax plan will help Walmart offer a better service and better pay.