Walmart and other large, low-wage employers will benefit financially from New York’s new Minimum Wage Reimbursement Credit.
April 5, 2013. Unless disclosure requirements are clarified, we’ll probably never know exactly how much Walmart and other large, low-wage employers receive in government subsidies under New York’s new Minimum Wage Reimbursement Credit (MWRC). But based on the best data available, we estimate that Walmart is likely to receive MWRC subsidies of between $53 million and $85 million over the next five years.
New York’s new MWRC will provide employers a tax credit for the hours worked by students between … (read more)