Economy

NANCY’S NIGHTMARE: GE Unveils $275M Investment, Credits Trump Tax Cuts

posted by Hannity Staff - 10.04.18

Nancy Pelosi’s dire predictions of “doom and gloom” continued to collapse this week as General Electric unveiled its $275 million investment in its “manufacturing operations” in the United States.

According to the National Association of Manufacturers, GE Appliances announced its “major investment” in four new distribution centers across the US; creating hundreds of new jobs for American workers.

“So far in 2018, GE Appliances has made a series of investments in the U.S. totaling $275 million,” writes the website.

The giant corporation credited the Republican tax cuts as a pivotal factor in its decision to launch the new program.

“The changes in rates and favorable tax treatment of investments in machinery and equipment play a big role in our expansion plans,” said Kevin Nolan, president and chief executive officer for GE Appliances.

“The investments we are making today continue our mission of creating product and production supersites where we can more efficiently channel our innovation and manufacturing expertise by product line,” said Nolan.

Read the full story here.

CRUMBS ACT: House Republicans Unveil PELOSI INSPIRED Bonus Bill

posted by Hannity Staff - 2.14.18

House Republicans are poised to introduce the Nancy Pelosi-inspired ‘Crumbs Act’ this week; unveiling new legislation that would make bonuses and other one-time payouts to American workers tax free.

Congressman Todd Rokita announced the proposal, called Creating Relief and Useful Middle-Class Benefits and Savings -also known as the CRUMB Act- Tuesday, a clear reference to House Minority Leader Nancy Pelosi’s infamous swipe at millions of Americans who received an annual bonus following the passage of the GOP tax cut legislation.

“Americans are receiving thousands of dollars in bonuses and more money in their paychecks thanks to President Trump’s tax reform, but out-of-touch Democratic leaders believe they only amount to crumbs,” Rokita said in a statement.

“The CRUMBS Act will let Americans keep more of the money they receive as a result of President Trump’s tax reform, and allow them, not the government, to choose how best to spend their bonuses,” he added.

The former Speaker of the House repeatedly denounced the bonuses and higher wages as “pathetic crumbs” after President Trump signed the sweeping tax overhaul into law; slamming the major cuts as a “scram” for working families.

CRUMBS! Pelosi Slams ‘GOP TAX SCAM,’ Says Republicans IGNORING ‘Working Families’

posted by Hannity Staff - 9.11.18

House Minority Leader Nancy Pelosi doubled-down on her non-stop attacks against the GOP tax cuts Tuesday; blasting her Republican colleagues for “giving handouts” to the top one percent while ignoring America’s “working families.”

The leading Democrat slammed President Trump’s signature tax cuts on social media Tuesday; signaling her party’s willingness to repeal the overhaul should they retake control of Congress this fall.

“Once again, the @HouseGOP proves they are obsessed with giving handouts to the top 1 percent, while leaving America’s working families with the check. #GOPTaxScam,” posted Pelosi.

Pelosi’s comments come just hours after GOP House members unveiled new legislation that would make the President’s tax cuts “permanent” beyond their 2025 expiration date.

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