Tags: tax bill | cuts | apocalypse | democrats | trump | pelosi

Tax Cuts Have Indeed Created an 'Apocalypse' — For Democrats

Tax Cuts Have Indeed Created an 'Apocalypse' — For Democrats
House Minority Leader Nancy Pelosi (D-CA) speaks during a tax town hall discussion at Florida Atlantic University on January 25, 2018, in Boca Raton, Florida. (Joe Raedle/Getty Images)

By with Michael R. Shannon Saturday, 27 January 2018 08:05 AM Current | Bio | Archive

After Republicans single-handedly passed President Trump’s tax cut bill, Minority Leader Nancy Pelosi (D-Deranged) described the bill as an “apocalypse.” Which I initially assumed meant something bad for the country, since the definition of the word is, “an event involving destruction or damage on an awesome or catastrophic scale.”

But maybe she was being accidentally truthful and meant the bill was an “apocalypse” for Democrats.

Since the bill’s passage, Paul Bedard of the Washington Examiner, has been keeping track of what companies have done since their taxes were cut and it looks like Nancy was correct, if she was talking about Democrats.

As this is written, the list of companies that have given employees millions in the form of bonuses and wage increases is a total of 41 pages long! As Speaker of the House Paul Ryan summed up the result of the tax cut’s passage, “Just in 20 days, Americans have seen more than 2 million workers getting raises and bonuses.”

Talk about ‘roll out the barrel,’ so far 164 companies have announced fatter pay envelopes for employees. As Bedard writes, “Some companies are offering bonuses up to $3,000, increases in 401k contributions and wage hikes.”

Many of the companies are offering $1,000 bonuses, which is a one-time increase, but the Amarillo National Bank of Amarillo, Texas, is increasing the salaries of over 300 employees by $1,000, which repeats annually.

And one doesn’t have to work for a giant corporation to benefit from the tax bill. The Anfinson Farm Store of Cushing, IA (population 223) gave a two-fer: a $1,000 bonus and 5 percent pay increase for employees.

BB&T bank awarded $1,200 bonuses to 27,000 employees and raised the base wage of employees from $12.00 an hour to $15.00 an hour.

Cabot Oil & Gas Corp. went big and announced $1,600 bonuses for employees.

Another of the larger bonuses I found was $2,000 from the Cogent Building Group of Point Clear, Alabama, which loses a little impact when we learn the company has only four employees. But on the other hands, that actually makes the point of the tax cutters. The size of this cut will benefit the entire economy regardless of the size of your company.

Nancy wouldn’t understand that because she’s been at the government teat for her entire career and, like most California leftists, has no understanding of the economy.

What she understands is politics and in retrospect I think she’s correct. The Trump tax cut is an apocalypse for Democrats and other business punishers.

Michael Reagan, the eldest son of President Reagan, is a Newsmax TV analyst. A syndicated columnist and author, he chairs The Reagan Legacy Foundation. Michael is an in-demand speaker with Premiere speaker’s bureau. Read more reports from Michael Reagan — Go Here Now.

Michael R. Shannon is a commentator, researcher for the League of American Voters, and an award-winning political and advertising consultant with nationwide and international experience. He is author of "Conservative Christian’s Guidebook for Living in Secular Times (Now with added humor!)." Read more of Michael Shannon's reports — Go Here Now.

© Mike Reagan

1Like our page
The Trump tax cut is an apocalypse for Democrats and other business punishers.
tax bill, cuts, apocalypse, democrats, trump, pelosi
Saturday, 27 January 2018 08:05 AM
Newsmax Media, Inc.

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

America's News Page
© Newsmax Media, Inc.
All Rights Reserved