On Thursday morning, Rep. Debbie Wasserman Schultz (D-Fla.) and House Minority Leader Nancy Pelosi (D-Calif.) sat on a panel hosted by Florida Atlantic University College Democrats to talk about the “Trump tax’s disastrous effects on Florida families.”
Pelosi made headlines when she referred to the tax bill as “the end of the world” and “Armageddon.” However, since the signing of the bill, hundreds of companies have handed out bonuses to their employees, voluntarily raised their wages, and opened up new positions. But then Pelosi referred the benefits hard-working Americans would receive as a result of the tax bill as “crumbs” and called the benefits “pathetic.”
On the panel, Pelosi doubled down on her “crumbs” comment by using an analogy.
“There’s a little mouse trap who’s got a little piece of cheese on there and there’s a mouse about to take it and that’s called the middle class.
And around it are fat cats, they look a lot like elephants but anyway, around there. And that’s the thing. Get this little thing and we get this big bonanza. You get the crumb, we get the banquet.”
Schultz then weighed in on the bill and argued that $1,000 was insignificant to hard-working Americans because it’s taxed and doesn’t go very far.
“Frankly, if you look at the bonuses, which I haven’t heard of a corporate bonus more than $1,000 so far. Which by the way is taxed, so it’s not $1,000.
And then you spread $1,000 over the course of the year — to think of about how much that is — of course they get it all at once. But I’m not sure that $1,000 (which is taxed, taxable) goes very far for almost anyone.”
This is ironic considering she has sent several tweets in the past completely debunking her own argument. On December 21, 2011, she tweeted that the “House GOP refused to extend payroll tax cut yesterday…Tweet what #40dollars means to you.”
House GOP refused to extend payroll tax cut yesterday. Senate passed bill 89-10. $40 per paycheck. Tweet what #40dollars means to you.
— D Wasserman Schultz (@DWStweets) December 21, 2011
IJR reached out to those who are receiving bonuses as a direct result of the tax bill and they could not disagree more with Schultz’s claim of “I’m not sure that $1,000 goes very far for anyone.”
Rick Jensen, an American Airlines employee in Tulsa, Oklahoma, who received a $1,000 bonus said:
“One thousand dollars is a massive amount for us. It’s allowing us to take a break from our work and vacation as a family. Student loans, car payments, and day-to-day bills add up. There’s not a lot of extra money every month.
My wife and I work as hard as we can to provide, and $1,000 makes an immense difference on how we get to live our lives. Thanks to tax reform, we and many other families get the freedom to spend more of our hard-earned dollars.”
Rachel Salinas, an AT&T employee, explained that she has a 23-year-old daughter with Asperger’s syndrome and an auto-immune disease and that “the bonus was very helpful!” She added, “$1,000, even after taxes, is not ‘crumbs’ to the majority of Americans.”
Luke Kranz, who works for FBC Mortgage, got his yearly bonus doubled because of the tax bill. He said:
“To say that the $1,000 bonuses from companies such as Disney won’t go very far is ridiculous. To the average American that’s around a 3 percent bonus or an entire paycheck.
When most people don’t have enough money to save for retirement or have an emergency fund while she sits on millions of dollars, she simply cannot relate to the people.”
The GOP tax bill certainly has not had the dire consequences predicted by Democrats.
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