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Walmart blames payroll tax hike for weak sales

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Walmart blamed the state of the economy and the January payroll tax increase in particular for weak sales on Thursday as it reported lower-than-expected earnings and cut its profit forecast. “The 2 percent payroll tax increase continues to impact our customer,” Walmart U.S. president and CEO Bill Simon said in a statement accompanying the company’s second-quarter earnings release. The retailer,...

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