The Walmart 1 Percent in Wyoming

MEMBERS OF THE WALMART 1% IN WYOMING:

  • Q Creek Land and Cattle, owned by Walton family member Stan Kroenke: PO Box 2850, Mills, WY 82644
  • Walton family member Christy Walton lives in Jackson.

AFFILIATIONS OF THE WALMART 1%:

  • Walton family member Christy Walton is an Emeritus member of the Teton Science Schools Board of Directors: 700 Coyote Canyon Rd., Jackson, WY 83001

 

 

The Walmart 1 Percent’s Influence in Wyoming Politics

The Walton family in politics

The Waltons contributed $7,800 to candidates for Congress from Wyoming between the 1990 election cycle and 2010, with 58% going to Republicans.[1]

Walmart in politics

The Walmart PAC spent $26,500 on Congressional candidates from Wyoming over the same time period, and all of it went to Republicans. At the state level, Walmart spent $5,000 on Wyoming politics.[2]

 

 

Walmart’s Impact on Wyoming’s Employment Picture

Impact of Walmart stores on retail and other jobs

Based on data available through Walmart’s website, there were 4,296 Walmart associates in Wyoming 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 Wyoming, there would be an additional 1,718 retail jobs in the state.

Impact of Walmart’s China sourcing on jobs

Based on an estimate of Walmart’s share of the US-China trade deficit, we can estimate that Wyoming lost an estimated 186 jobs as a result of Walmart’s practice of sourcing heavily from China.[4]

 

 

Walmart’s Cost to Wyoming 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 Wyoming.

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] Wyoming has not disclosed data.

 

 

More Walmart stores coming to Wyoming

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

  • Cheyenne: Supercenter, College Dr. and Campstool Rd.

 

 


[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 US-China trade deficit 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.