President Donald Trump said his administration was planning “phase two” of the recently passed GOP tax cuts Monday; announcing the White House was “very serious” about introducing new legislation just months after signing a sweeping overhaul of the nation’s tax code into law.
According to CNBC, the President was speaking with reporters while hosting the World Series champion Houston Astros at the White House; talking with Texan Rep. Kevin Brady over the possibility of passing more tax cuts in the near future.
“Kevin, are we going for an additional tax cut, I understand?” Trump asked. “He’s the king of those tax cuts, yeah? We’re going to do a phase two, I’m hearing that. You hear that, John and Ted? Phase two. We’re actually very serious about that, Kevin. So, it’s good.”
The President’s comments come after months of strong economic growth and record-breaking employment figures.
February job growth smashed all expectations; posting over 300,000 new full-time positions and setting a new record for the most Americans employed.
The GOP-sponsored cuts are widely credited for adding rocket fuel to an already healthy US economy; resulting in higher wages, big bonuses, and expanded benefits for millions of American workers.
NANCY'S NIGHTMARE: Home Depot to PAY BIG BONUSES After GOP Tax Cuts
Nancy Pelosi and Chuck Schumer’s doom-and-gloom predictions following the GOP tax cuts continued to crash and burn this week, with home-improvement giant Home Depot announcing their plans to pay out big bucks to their hourly employees.
The construction and hardware chain unveiled the new plan Thursday, pledging to dish-out $1,000 bonuses to US-based workers in the wake of the recently passed Republican tax legislation.
According to CNBC, the company structured its new payment scheme on fellow superstore Walmart; determining the size of the bonus by the employee’s “length of service.”
Based on the new plan, all of Home Depot’s American workers will receive $200, going up to $1,000 for individuals who’ve been with the company for two decades.
“This incremental investment in our associates was made possible by the new tax reform bill,” Chief Executive Officer Craig Menear said in a statement. “We are pleased to be able to provide this additional reward to our associates.”
Home Depot becomes the latest American corporation -joining Walmart, Visa, American Airlines, AT&T, Apple, and others- to raise wages, expand benefits, and pay-out big bonuses following the GOP-led tax cuts.
LIBERAL NIGHTMARE: Hostess Pays Out BIG BONUSES, FREE TWINKIES After GOP Tax Cuts
The left-wing predictions of “death and destruction” in the wake of the GOP tax cuts continued to crash and burn Friday afternoon, with Twinkie-maker Hostess announcing its plan to pay out big bonuses to a “majority” of all the baker’s hourly employees.
Hostess unveiled its revamped bonus scheme this week, dishing out $1,250 to nearly all its American-based workers.
To make the deal even sweeter, the snack brand powerhouse is giving out a year’s worth of free treats to all of its 1,300 employees; including Twinkies, cupcakes, and more.
“The recent tax-reform changes have given us the opportunity to review our benefit and compensation structure,” Hostess CEO Daren Metropoulos said in a statement. “The company’s management and board take great pleasure in sharing the company’s success with our employees.”
The President slammed House Minority Leader Nancy Pelosi’s comments earlier this week, where the former Speaker blasted big bonuses as “pathetic crumbs” to American workers; saying higher wages and expanded benefits was “a lot of money” to working families.
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