Wal-Mart has become the latest American corporation to announce higher wages and bonuses for its employees owing to the Trump tax cuts that were signed into law about 3 weeks ago.
The new IRS withholding tables were released yesterday, so now we can see just how much larger our paychecks will be.
Stocks continue to rise, due in large part to a 40% cut in the corporate tax rate. Those of us with 401(k)’s — and there are a lot of us — have watched our account balances soar since President Trump took office almost a year ago.
Unemployment is now the lowest it has been in 17 years, and black unemployment is at its lowest in 45 years. Fewer people are on food stamps now than when Obama was president.
You’d think Democrats would be delighted about “the little guy” getting more money in his paycheck, not to mention the fact that so many more Americans working in the first place. You would be wrong.
The mentally unstable Nancy Pelosi remarked cynically, “In terms of the bonus that corporate America receives versus the crumbs they are giving to workers to put the schmooze on is so pathetic.”
Remember, not a single Democrat voted for the Trump tax cuts. Not one. They don’t want more money showing up in your paycheck. They don’t want you to get a bonus. I would even go so far as to say they’d prefer you be on public assistance than working. After all, if you’re working and self-sufficient, you don’t need Democrats. Their political base has transitioned from working class Americans to illegal immigrants and refugees, those who don’t work but rely on public assistance, moochers, ingrates, and leeches. This is who they are.