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PBS News Hour

What the new tax law means for large retailers

This week, large retailers made announcements following the recently passed tax cuts. Walmart raised salaries for hourly workers to $11 per hour and announced one-time bonuses to 1,000 eligible employees, but it also announced the closure of 63 Sam’s Club stores and replacement of 3,500 store managers with lower-paid positions. Michael Corkery of The New York Times joins Hari Sreenivasan for more.
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