House Minority Leader Nancy Pelosi doubled-down on her baseless attacks on the GOP tax cuts this week, telling a packed audience she plans to repeal the legislation should Democrats manage to retake the House of Representatives this fall.
Pelosi was speaking at a town hall event in California Wednesday night when she lashed-out at the President’s tax overhaul, claiming over 80% of the benefits go “to the top one percent.”
“Over 80 percent of the benefits go to the top 1 percent,” said the former Speaker of the House. “Eighty-six million middle-class families will see a tax increase while they advertise it as a middle-class bill.”
Pelosi’s comments come just a day after the US government published a strong economic forecast, with record low unemployment, higher wages, and big bonuses as American workers feel the benefits of the GOP-sponsored cuts.
Watch Pelosi’s comments above.
LIBERAL NIGHTMARE: Chrysler, Capital One RAISING WAGES after GOP Tax Cuts
The economic “nightmare” predicted by left-wing lawmakers such as Nancy Pelosi and Chuck Schumer continued this week, with more and more major American corporations announcing increased wages and big bonuses following the GOP-led tax cuts.
Less than one day after House Minority Leader Nancy Pelosi blasted the tax legislation as “pathetic crumbs” to working-class families, Fiat Chrysler and Capital One pledged to raise wages and pay out big bonuses to American-based workers as a direct result of the Republican tax overhaul.
— CNBC Now (@CNBCnow) January 11, 2018
In addition, Chrysler officially announced its plan to relocate a major production plant from Mexico to Michigan “in response to the passage of U.S. tax reform late last year.”
“BREAKING: Fiat Chrysler to invest $1B+ to modernize a Michigan plant, in addition to previous $1B investment in the plant; will add 2500 new jobs, and will give $2,000 bonuses to 60,000 of its hourly and salaried employees in the US because of tax reform,” tweeted CNBC.
Chrysler and Capital One join a growing list of major American corporations –such as AT&T, Boeing, Southwest Airlines, Walmart, and others- raising wages and re-investing in the United States after the GOP and President Trump successfully passed the largest overhaul of the nation’s outdated tax code in generations.
LIBERAL NIGHTMARE: GOP Renews Push for ‘PERMANENT’ Tax Cuts
Congressional Republicans are rapidly planning to push “Phase Two” of President Trump’s recently passed tax cuts; signaling a new fight with liberal legislators as the GOP seeks to make the individual and corporate rates “permanent.”
“We’re actually going for a phase two, which will help in addition to the middle class, will help companies, and it’s going to be something I think very special,” said the President during an event last week.
“I am 100 percent behind that and would support it and even help promote it,” added Rep. Mark Walker.
While the lawmakers behind the renewed push for even greater tax reform haven’t outlined a clear timeline for the legislation, Capitol Hill insiders believe a second tax bill could reach the floor by this summer.
“It will lead with permanence,” said the House Ways and Means Committee Chairman Rep. Kevin Brady. “The tax cuts for families and small businesses were long term, but they weren’t permanent. We think that’s important for growth and certainty.”
The comments come just days after Democrat leaders Nancy Pelosi and Chuck Schumer called on Congress to repeal the tax cuts; arguing the US government should raise taxes on corporations and wealthy Americans to finance a $1 trillion infrastructure bill.
h/t The Hill