Following the passage of considerable tax cuts for corporations as well as working taxpayers, hundreds of companies have given out bonuses, wage hikes, and pay raises for its workers.
Millions and millions of workers have received bonuses of $500, $1,000, $1,500, $2,000, and even more.
Along with these bonuses, approximately 80% of taxpayers saw a nice increase in their paychecks, typically between $40 – $100 a paycheck, along with an anticipated savings of $1,800 – $2,500 when we pay our taxes next year.
House Minority Leader Nancy Pelosi has raged against and badmouthed President Trump’s tax cuts and tax reforms. She has called these bonuses, wage hikes, and pay raises “crumbs,” despite having praised an Obama-era $40 tax cut to workers as a “victory for America” in 2011.
“In terms of the bonus that corporate America received versus the crumbs that they are giving to workers to kind of put the schmooze on, it’s so pathetic, I think it’s insignificant,” Pelosi said.
“The American people spoke out clearly and, thanks to President Obama’s leadership, 160 million Americans will continue to receive their payroll tax cut, nearly $40 per paycheck in the pockets of the average family. I salute the work of the unified House Democratic caucus on behalf of the American people.” – Nancy Pelosi December 23, 2011
If Mrs. Pelosi really feels our “crumbs” are so “insignificant,” perhaps she can stand up for us all and work to pass an additional bill that will make our “crumbs” even more significant?
Don’t look for that to happen anytime soon!