Despite liberal predictions of “death and destruction” and “Armageddon” following the President’s recent overhaul of the nation’s outdated and overly complicated tax code, leading Democrats refuse to say if they plan on repealing the popular legislation as millions of Americans see higher wages and big bonuses.
The nation’s top left-wing lawmakers spoke with reporters during a conference retreat this week, slamming the GOP’s tax cuts yet refusing to answer if they planned on repealing the bill should they retake Congress after the 2018 midterm elections.
“We simply would like to bring some balance back to the governance of the United States,” deflected Democratic Caucus chairman Joe Crowley.
Sen. Wyden echoed Crowley’s comments, saying the Democrats first priority should they regain control of the legislative branch is to enforce oversight of the GOP legislation, mentioning it would take a filibuster-proof 60 vote majority to fully repeal the tax code.
Independent progressive organizations are irate over the Democrat capitulation on repealing the bill, blasting liberal legislators for not standing up “to the biggest corporate giveaway in modern history.”
“American workers will not believe that Democrats are on their side if they cannot stand up against the biggest corporate giveaway in modern history,” said one spokesperson of Not One Penny, a progressive tax group that led the all-out crusade against the GOP tax cuts late-last year.
ARMAGEDDON CONTINUES: FedEx Announces $3.2 BILLION in Raises, Bonuses
The dire liberal predictions of doom and gloom following the recently passed GOP tax cuts continued to evaporate Friday, as shipping giant FedEx announced its plan to increase wages across the country and pay out big bonuses to American-based workers.
According to the New York Post, the nationwide shipping corporation unveiled its new plan to pay out over $200 million in increased wages, pledging two-thirds of the fund towards hourly employees and the rest to be doled out using performance metrics and time-served in the company.
FedEx also vowed to invest another $1.5 billion in the corporation’s benefits package and an addition $1.5 billion for its American transportation hubs.
“FedEx believes the Tax Cuts and Jobs Act will likely increase GDP and investment in the United States,” said a statement on the company’s website.
The announcement makes the shipping giant the latest American-based corporation to reinvest in the US economy following the passage of the GOP tax cuts.
AT&T, Starbucks, Disney, Home Depot, Walmart, American Airlines, Visa, and others have all raised wages and payed out big bonuses within weeks of President Trump signing the sweeping GOP tax legislation into law.
ARMAGEDDON CONTINUES: Pfizer to REINVEST BILLIONS in US Following GOP Tax Cuts
The liberal predictions of “doom and gloom” and “death and destruction” in the aftermath of the GOP tax cuts continued to evaporate on Tuesday, with pharmaceutical giant Pfizer announcing its plan to reinvest billions of dollars in the US economy following the sweeping tax legislation.
Pfizer now plans to repatriate tens of billions of dollars in profits back to the United States after the GOP plan slashed taxes on overseas holdings; finally allowing the New York-based corporation to bring those funds back to America.
“The drugmaker said Tuesday that it would pay $15 billion in so-called repatriation taxes over the next eight years to shift foreign earnings back to its home market. The exact amount the company plans to bring back was not immediately clear,” writes USA Today.
“The aspects of most importance to us were addressed in the new tax code, strengthening our ability to make capital allocation decisions that maximize patient benefit and enhance shareholder value,” said Pfizer’s Chief Financial Officer.
The announcement comes as other giant American-based companies -such as Walmart, AT&T, Disney, American Airlines, Starbucks, Home Depot, and more- unveil their plans to raise wages and pay big bonuses in the immediate aftermath of the GOP tax overhaul.