Wednesday, December 20, 2017

Tax Cuts The Day After; Dem's Just Made Massive Mistake As Corporate America Passes On Huge Bonuses To Staff

 Nancy Pelosi, bless her heart, tried her best at a rant worthy of Pravda circa 1957:

"Nancy Pelosi: GOP Tax Plan Is "Simply Theft," Unrepentant Greed Of "Permanent Plutocracy" Is A Moral Obscenity"

Rep; Steve Israel "The GOP Just Bet Their Majority on a Tax Bill No One Likes"  

What no MSM/Dem's foresaw; Corporate America passing on their Trump tax cuts to employees. This on top of their direct tax cuts to come early next year.

Here is the immediate result of the "plutocrats" in action;

AT&T; Following tax reform passage AT&T said that it would give more than 200,000 U.S. union members a special bonus of $1,000

Wells Fargo & Company  said it would raise the minimum wage for its team members to $15 per hour and earmark $400 million for philanthropic initiatives in 2018. Some $100 million of that total will be committed to boosting small businesses, while $75 million will support neighborhood revitalization efforts.

Comcast The Philadelphia-based telecom corporation said it would award $1,000 bonuses to more than 100,000 non-executive employees. In addition, Comcast NBC Universal Chairman and CEO Brian L. Roberts said the company plans to spend more than $50 billion in the next five years on infrastructure investments that are expected to create "thousands of new direct and indirect jobs."
In a press release, Comcast said the initiatives were "based on the passage of tax reform and the FCC's action on broadband."

Thus, in the immediate reaction, 313,000 employees, "union employees" being given a $1000 bonus each and at least 13,500 having their minimum wage raise to $15 per hour. And there's more;

Boeing;The aerospace and defense company immediately announced $300 million in investments after the bill passed, with $100 million toward corporate giving including employee gift-match programs, $100 million toward workforce development, training and education and $100 million toward enhancing Boeing’s workplaces.

Every single Democratic Congressman, in the House and Senate voted against this happening.All the Democratic Party leadership's anti-Trump/tax cuts was destroyed within hours of the bill passing.
All the pundit's messaging that the 2018 mid-terms "will be a disaster for the GOP" is out the window.


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