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Citing New Tax Law, Walmart To Raise Starting Wages, Expand Parental Leave

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Citing New Tax Law, Walmart To Raise Starting Wages, Expand Parental Leave

Walmart is raising salaries for new employees from $10 to $11 an hour, expanding paid parental leave and offering a one-time bonus to eligible workers, actions that the company says will affect more than one million employees in the U.S. The company said the changes are a way to allow workers to "share in tax savings." The new GOP tax law, which President Trump signed late last year, includes deep cuts in corporate tax rates. "We are early in the stages of assessing the opportunities tax reform creates for us to invest in our customers and associates and to further strengthen our business, all of which should benefit our shareholders," Walmart president and CEO Doug McMillon said in a statement. The wage hike comes after several years of Walmart raising the floor on its hourly pay.