House Minority Leader Nancy Pelosi continued her all-out crusade against the GOP-sponsored tax legislation this week, slamming the cuts as a handout to “corporate America” and a “scam” for hard-working families.
Pelosi was speaking with members of the International Association of Machinists and Aerospace Workers when she lashed-out at the “GOP Tax Scam” Wednesday, doubling-down on her recent calls to repeal the legislation should Democrats retake control of Congress.
"We need a tax code that actually creates jobs."House Democratic Leader Nancy Pelosi holds a news conference with machinists on the impact of the GOP tax plan.
Posted by Fox News on Wednesday, May 9, 2018
“Now we are here, you heard after they did their tax scam that they were giving this tax break to corporate America. That 83 percent of the benefits of the tax scam will go to the top one percent in our country,” said Pelosi
“And a big chuck of that, a trillion and a half dollars will go to corporate America, but don’t worry they are going to create jobs, raise wages, give bonuses and the rest,” she joked.
Watch the leader’s comments above.
ARMAGEDDON? Federal Government Sees RECORD SURPLUS Following GOP Tax Cuts
The liberal predictions of “doom and gloom” and “death and destruction” continued to crash and burn this week, with the Treasury Department confirming the US government saw record surpluses in the first full month under the recently passed GOP tax cuts.
According the official report, the federal government collected roughly $361 billion in tax revenue this January but spent only $312 billion; posting a budget surplus of approximately $49 billion.
The strong economic data matches similar upticks in other indicators, signaling the US recovery continues to soar under President Donald Trump and the GOP-controlled Congress.
Earlier this year, dozens of massive American corporations -such as AT&T, Walmart, Disney, Starbucks, American Airlines, UPS, Home Depot, and others- raised wages and paid out big bonuses after President Trump signed the sweeping tax reform into law.
The news comes as leading Democrats continue to trash the GOP tax cuts.
This week, House Minority Leader Nancy Pelosi blasted the GOP legislation, saying “we must continue showing the public how unfair the GOP Tax Scam is to the middle class and halt the GOP assault on the Affordable Care Act.”
ARMAGEDDON? Visa RAISING EMPLOYEE BENEFITS Following GOP Tax Cuts
House Minority Leader Nancy Pelosi’s dire predictions of “Armageddon” and the “end of the world” regarding the GOP tax cuts continued to evaporate on Monday, with credit card giant Visa announcing it would be expanding benefits to its US-based workers following the business-friendly legislation.
According to CNBC, Visa announced the company would be “raising its 401(k) matching for employees in response to tax reform.”
“JUST IN: Visa is raising its 401(k) matching for employees in response to tax reform; company also will examine other long-term investments.”
JUST IN: Visa is raising its 401(k) matching for employees in response to tax reform; company also will examine other long-term investments. pic.twitter.com/aoo5jT8ns1
— CNBC Now (@CNBCnow) January 8, 2018
The move makes the company the latest American corporation to drastically increase benefits and bonuses to workers following the GOP tax cut. American Airlines, AT&T, Boeing, Southwest Airlines, and others all announced renewed investments after President Trump signed the bill.
Hours before the law’s passage, former Speaker of the House Nancy Pelosi slammed the legislation; saying the new tax cuts would spark “Armageddon,” adding that it would bring about “the end of the world” for hard-working American families.