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Nancy Pelosi says she’s honoring MLK Jr. – by protesting Trump’s tax bill
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While individuals and companies across the nation champion the new GOP tax bill, some high-profile Democrats are still bitter about its passing.
House Minority Leader Nancy Pelosi said on Thursday that she plans to honor the Rev. Dr. Martin Luther King, Jr. over the weekend by touring the country in protest of what she calls the “GOP tax scam.”
“This year on Martin Luther King weekend, we honor his commitment to equality. Our struggle is for genuine equality, which means economic equality,” Pelosi said at a press conference. She continued:
So this weekend, inspired by Dr. King’s call for fairness, opportunity, and equal opportunity and equal access to equality, we honor him by holding teach-ins across the country, town hall teach-ins on the GOP tax scam.
Pelosi’s harebrained scheme has Democrats repeating a similar 2017 campaign that featured progressive lawmakers using the MLK holiday to protest an Obamacare repeal from Republicans that eventually failed.
Although President Donald Trump has already succeeded in presenting Americans with an early tax plan in the form of across-the-board tax cuts, Pelosi believes her tax protest echoes the spirit of Dr. King.
But Pelosi may find it challenging to convince Americans that a tax reform bill that has enticed corporate giants to increase employee wages and offer unexpected bonuses is somehow harmful to them.
“Over 80 companies have publicly announced bonuses, wage increases or other kinds of benefits they’re offering employees since President Donald Trump signed tax reform into law on Dec. 22,” Yahoo! Finance reported.
Walmart CEO Doug McMillon announced Thursday that the retail giant would pay their recent tax windfall forward:
As you know, the president and Congress have approved a lower business tax rate. Given these changes, we have an opportunity to accelerate a few pieces of our investment plan. Associates that don’t benefit from the new starting wage increase are eligible for the bonus and it will range from $200 to $1,000 depending on your length of service.
AT&T promised to pay $1,000 dollar bonuses to nearly $200,000 employees. “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 chief executive Randall Stephenson.
Wells Fargo will raise their starting wage from $13.50 to $15.00 per hour. Bank of America promised $1000 dollar bonuses to 145,000 employees.
And the list goes on.
Pelosi is unconvinced, however. She referred to the money saved from tax reductions to the middle class as “crumbs,” and called it “pathetic” for Republicans to say they care about workers receiving more money when, she argued, the wealthy primarily benefit from the next plan.
However, under the Republican-sponsored law, the doubling of the standard deduction will have a relatively disproportionate impact on lower earners; the wealthiest Americans will receive the smallest cuts by percentage.
Perhaps all this is just “crumbs” to Pelosi, who has collected a six-figure salary for decades as a Congresswoman and is personally worth nearly $30 million, but it’s unlikely that the rest of America will agree.
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