The Walmart 1 Percent in Virginia

AFFILIATIONS OF THE WALMART 1%:

  • Walmart Board of Directors member Jim Breyer is the Former Chair of the National Venture Capital Association: 1655 North Fort Myer Drive, Suite 850, Arlington, VA 22209; (703) 524-2549 (phone), (703) 524-3940 (fax)
  • Walmart Board of Directors member Jim Cash is a Director of Verne Global: 1860 Michael Faraday Dr., Suite 175, Reston, VA 20190; media@verneglobal.com
  • Walmart CEO and Board of Directors member Mike Duke is on the Executive Council of the Center for Environmental Leadership in Business, Conservation International, 2011 Crystal Drive, Suite 500, Arlington, VA 22202; (703) 341-2400
  • Walmart heir and Chairman of the Walmart Board of Directors Rob Walton is the Chairman of Executive Committee of Conservation International, 2011 Crystal Drive, Suite 500, Arlington, VA 22202; (703) 341-2400

 

 

The Walmart 1 Percent’s Influence in Virginia Politics

The Walton family in politics

The Waltons contributed $4,800 to candidates for Congress from Virginia between the 1990 election cycle and 2010. All of it went to Republicans running for House seats.[1]

Walmart in politics

The Walmart PAC spent $220,250 on Congressional candidates from Virginia over the same time period, with over three-quarters of it going to Republicans. At the state level, Walmart spent $160,549 on Virginia politics, with 69% of that going to Republican candidates or party committees.[2]

 

 

Walmart’s Impact on Virginia’s Employment Picture

Impact of Walmart stores on retail and other jobs

Based on data available through Walmart’s website, there were 40,307 Walmart associates in Virginia as of January 31, 2012.

According to a 2006 study, for every retail job created at Walmart, communities lose 1.4 retail jobs.[3] Based on the findings of this study, we estimate that, if Walmart had no stores in Virginia, there would be an additional 16,123 retail jobs in the state.

Impact of Walmart’s China sourcing on jobs

Based on an estimate of Walmart’s share of the U.S.-China trade deficit, we can estimate that Virginia lost an estimated 4,808 jobs as a result of Walmart’s practice of sourcing heavily from China.[4]

 

 

Walmart’s Cost to Virginia Taxpayers

Taxpayer subsidies for Walmart

Walmart is the world’s biggest company.[5] But despite its colossal financial resources—the company brought in $444 billion in revenue last year[6]—it’s habitually dipped into public coffers to finance its expansion into almost every corner of the United States.[7] In the absence of centralized information or databases on economic subsidies, Good Jobs First, an economic policy and research non-profit, has done extensive research to document the subsidies Walmart has received, and has published the data on Walmart Subsidy Watch. Here’s what GJF uncovered in Virginia.

Taxpayer healthcare costs

Tens of thousands of Walmart associates and their families qualify for Medicaid and other publicly subsidized care. Indeed, according to data compiled by Good Jobs First, in 22 of 24 states which have disclosed information, Walmart has the largest number of employees or dependents on the public rolls of any employer.[8] Virginia has not disclosed data.

 

 

More Walmart stores coming to Virginia

Here’s a list of Walmart stores planned or rumored to be opening in Virginia:[9]

  • Arlington: Supercenter, near Shirlington
  • Henrico: Supercenter, Reynolds Crossing near Glenside Dr. and Forest Ave.
  • Orange County: Supercenter, Rt. 3 and Somerset Ridge Rd.
  • Tysons Corner: Supercenter, Leesburg Pike between Ashgrove Ln. and Westwood Center Dr.
  • Williamsburg: Neighborhood Market, Rt. 199 and Monticello Ave.

 

 


[3] The Effects of Wal-Mart on Local Labor Markets. December, 2006. David Neumark, Junfu Zhang, Stephen Ciccarella.

[4] These numbers are estimates. To arrive at these estimates, we used the report by the Economic Policy Institute that estimated U.S. jobs lost to China by state from 2001-2008.  We then multiplied that number by 9.3%, which is the proportion of the overall U.S.-China trade deficit that EPI estimated to be tied to Walmart. We arrived at that number from this study.

[5] As measured by revenue; “Fortune Global 500 2011: The World’s Biggest Companies – Wal-Mart Stores,” http://money.cnn.com/magazines/fortune/global500/2011/snapshots/2255.html

[6] “Walmart reports Q4 EPS from continuing operations of $1.51; Walmart U.S. delivers positive traffic and positive comp sales in Q4,” press release dated February 21, 2012, http://investors.walmartstores.com/phoenix.zhtml?c=112761&p=irol-newsArticle&ID=1663026&highlight=

[7] “Shopping for Subsidies: How Wal-Mart Uses Taxpayer Money to Finance Its Never-Ending Growth,” by Philip Mattera and Anna Purinton, Good Jobs First, May 2004.  http://www.goodjobsfirst.org/sites/default/files/docs/pdf/wmtstudy.pdf

[8] “Disclosures of Employers Whose Workers and Their Dependents are Using State Health Insurance Programs,” Good Jobs First report, version dated January 18, 2012.  http://www.goodjobsfirst.org/corporate-subsidy-watch/hidden-taxpayer-costs.

[9] Information on planned or rumored stores collected by Making Change at Walmart.