Democrats are trying to downplay the bonuses employees are now enjoying thanks to the historic tax reform package Republicans passed last month. Major companies are awarding workers with salary increases and bonuses thanks to the slashed corporate tax rate, but Democrats say the good news should be welcomed with caution.
House Minority Leader Nancy Pelosi, who infamously called the tax law "Armaggedon," is now acknowledging the bonuses, but insists they are "insignificant" when you look at the bigger picture of how corporations unfairly benefitted from the bill.
“In terms of the bonus that corporate America received versus the crumbs they are giving to workers, to kind of put the schmooze is so pathetic, it’s so pathetic,” Pelosi said at a Capitol Hill press conference Thursday when asked about companies investing more in their workforce.
Pelosi explained where she was coming from by singling out one of the bonuses that is not that impressive because it was "already in a union contract."
Sen. Claire McCaskill (D-MO) and Sen. Chris Murphy (D-CT) were among the other liberal lawmakers who couldn't fully appreciate the positive consequences of a "make-rich-people-richer tax bill."
Katie shared some more apocalyptic news Thursday. Walmart is going to be raising employees' wages, handing out more bonuses, and expanding paid maternal and parental leave thanks to...you guessed it.
Tax reform is expected to cut taxes for 80 percent of Americans, including 91 percent of the middle class. Meanwhile, companies who were eyeing overseas locations have suddenly decided to stay put.