The Democratic prediction of “doom and gloom” and “death and destruction” over the recently passed GOP tax cuts continued to crash and burn this week; with new economic data showing millions of Americans received big bonuses, have lower taxes, and are seeing plummeting utility costs in at least 39 states across the country.
Speaker of the House Paul Ryan touted the strong economic report on his website, pointing out that over 4.7 million workers have received more than $2.8 billion in bonuses since passing the sweeping tax reform.
In addition, utility companies are “passing along their savings” to average Americans; lowering rates and fees on heating, electrical, and gas bills across the country.
— Paul Ryan (@SpeakerRyan) February 21, 2018
“Utility companies are passing along their savings from a lowered corporate tax rate on to customers by way of lower utility bills. To date, we have tracked utility companies in at least 39 states that have taken action to decrease the utility bills of almost 80 million customers from coast to coast,” says the Speaker’s website.
“A lower utility bill each month is a big deal for so many families—these aren’t just more ‘crumbs,’” said Rep. Ryan, referencing House Minority Leader Nancy Pelosi’s insistence that higher wages were simply “pathetic crumbs” to American workers.
ARMAGEDDON CONTINUES: Chipotle Announces BIG BONUSES, MORE BENEFITS after GOP Tax Cuts
Nancy Pelosi and Chuck Schumer’s dire predictions of “doom and gloom” continued to unravel this week, with Mexican food giant Chipotle announcing big bonuses and expanded benefits for its workers in the aftermath of the GOP-led tax cuts.
Chipotle Mexican Grill announced the new policies Wednesday, saying the quick-service restaurant was “rolling out benefits” to all of its 71,000 employees; extending stock bonuses, cash payouts, as well as paid parental leave.
According to Fox Business, qualified hourly and full-time employees will receive a bonus of $1,000 with some eligible for stock bonuses and grants to buy-back into the corporation.
Chipotle cites the recently passed GOP tax cuts as a prime factor behind the revised compensation packages.
“Other offerings will include accelerated training programs, and additional paid parental leave for everyone, from hourly managers to salaried employees,” writes Fox. “The company also added life insurance and short-term disability insurance coverage for hourly restaurant managers.”
Chipotle joins a growing list of American-based corporations -such as AT&T, Disney, Starbucks, Walmart, Home Depot, UPS, Visa, and others- to pay out big bonuses and raise wages after President Trump signed the sweeping tax overhaul into law late last-year.
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.