Walmart CEO Doug McMillon: US needs to come together

Walmart CEO Doug McMillon says country needs to focus on creating jobs and transitioning to digital age.

Video Transcript

DOUG MCMILLON: You know, we've been through a lot of these. Walmart's been around since 1962. We've worked with all the administrations, and that's what we would continue to do.

We want to serve the country, want to-- we want to help the country get stronger. So whatever we're asked to do, that's-- that's what we'll do. We hope to contribute to bringing the country together as it relates to things like inclusion. But we hope to help other-- solve other problems, too, if we're asked. So that's our attitude. How can we serve the country?

- Do you think the country needs a reset?

DOUG MCMILLON: I think the country needs to come together and solve problems. Regardless of the administration or who's in Congress, when you look at the outcomes of what what's been happening, there are opportunities for us to invest in infrastructure, to create more equity, to invest in new technologies, to create future-- jobs focused on the future not industries from the past. That transition to a digital age, to a forward looking country, needs to happen.

So what we want to see is people work together to create opportunity for people. Americans need jobs. They want to know that their children are going to a better future than the life they've had. And we should work together to make that happen.

- But do higher corporate taxes-- would that change how you invest in your business?

DOUG MCMILLON: We've had different tax rates. I think the first thing that goes through my mind, when I think about corporate tax, is that we need to think about where we set the rate on a global basis, and make sure that the US is competitive.

Given all the debt that we've taken on with the pandemic, we do need to develop a plan to address debt levels. And so I think we need to work together with whoever's in the White House and in Congress to figure out what combination of things need to change-- taxes being one of them-- that would result in an a better overall outcome and a longer-term approach and view.