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Walmart Closes 63 Stores In Response to Republican Tax Cut

Actually we don't know the extent to which the tax cut was a factor in Walmart's decision to close 63 stores, as it announced it was doing yesterday. Nor do we know the extent to which the tax cut was responsible for the increases in wages and benefits that the company also announced yesterday, although the company did claim a direct relationship in this case. Walmart's competitors, like Target, had been raising wages months before the tax bill was even public, so it is entirely possible that Walmart would have been forced to raise pay due to a tighter labor market, even if there had not been a tax cut.
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