Democrat leaders, like Nancy Pelosi, Elizabeth Warren, Chuck Schumer and Bernie Sanders played the Marxist class warfare card hard in an effort to paint the GOP tax cut bill as a payoff to the rich while screwing over the “middle class.”
If you’ve watched any mainstream media, the quartet of Marxists has been outright lying about the effects of allowing Americans to keep more of their own money and away from the coffers of the D.C. swamp. Without belaboring you with their dire predictions, suffice it to say that there has been plenty of unhinged wailing and gnashing of teeth over the bill that has passed both houses of Congress and will now be sent to President Trump for signing.
Among the arguments the Left and the media (but I digress) makes continually is that “evil” corporations, who are getting the top tax rate cut from the highest in the industrialized world — 35% — a tax consumers indirectly pay every time they buy something — to a more competitive 21%, will not use the savings to do anything productive, like invest in more jobs or pay employees more.
Well, the ink on the bill is not even dry yet and that false narrative has already come crashing down as AT&T announced on Wednesday that it will be paying 200,000 employees an extra $1,000 in Christmas bonus because of the tax reform bill.
As Joe Biden once said about the passage of Obamacare, this is a big f’ing deal:
“Congress, working closely with the President, took a monumental step to bring taxes paid by U.S. businesses in line with the rest of the industrialized world,” said Randall Stephenson, chairman and CEO of AT&T. “This tax reform will drive economic growth and create good-paying jobs. In fact, we will increase our U.S. investment and pay a special bonus to our U.S. employees.”
The company also announced that it will invest more than $1 billion into the U.S. economy once the bill, the major first tax reform legislation since the Reagan era, becomes law.
What an embarrassment to the Democrat Party that the tax cuts are already showing benefits even before they are officially law. The fact that Democrats would rather have that extra $1,000 Christmas bonus go to the D.C. swamp rather than the “middle-class” workers at AT&T makes them look like a bunch of scrooges.