On Wednesday, a jubilant President Trump tweeted about the passage of the “biggest in history Tax Cut and Reform Bill. Not one Democrat voted for the massive tax cut bill that will put real money back into the pocket of working families.
As it turns out, the Democrats embarrassing #Resist plan is not to do one thing to help parents put food on the table or take that vacation they haven’t been able to afford for the past 8 years.
As Democrats try to create mass hysteria over the Republican tax reform bill, left-wing news organizations like CNN have admitted that the tax bill is going to give working families “damn good money.”
On Wednesday, CNN host John King said, “The Republicans are making a big bet, taking a big risk.”
“Will over time the American people say, ‘Oh, actually I like having more money in my pocket. Oh, they did hire more people at the factory down the street.’ That’s their big bet,” King said.
“Not one Democrat has voted for a bill that cuts taxes by $1.5 trillion,” King continued. “To Abby’s point, if you’re a working-class family, a lot of people say, ‘Oh, it’s only $200, $300,’ but if you’re a working-class family living paycheck to paycheck, $200-$300 is damn good money and you are grateful for it.” –Daily Wire
CNN’s John King: The Republican tax bill gives working-class families “damn good money.” pic.twitter.com/PG4TRJ1JF4
— Ryan Saavedra (@RealSaavedra) December 20, 2017
Businesses are also pleased with the new pro-growth, pro-business tax plan, and as a result, more workers will be hired in America and many of the current workers will see pay raises and/or bonuses.
According to the Daily Wire, seven American businesses announced on Wednesday that they would both be investing hundreds of millions of dollars in their employees because of Republican tax reform bill that the Senate passed on Tuesday night.
AT&T announced that once President Donald Trump signed the bill into law that they would “invest an additional $1 billion in the United States in 2018 and pay a special $1,000 bonus to more than 200,000 AT&T U.S. employees.” AT&T further noted that if Trump signed the bill before Christmas that the company will receive the bonus over the holidays.
Boeing announced an “immediate commitment” to investing an additional $300 million in three areas that will directly benefit their employees:
$100 million for corporate giving, with funds used to support demand for employee gift-match programs and for investments in Boeing’s focus areas for charitable giving: in education, in our communities, and for veterans and military personnel.
$100 million for workforce development in the form of training, education, and other capabilities development to meet the scale needed for rapidly evolving technologies and expanding markets.
$100 million for “workplace of the future” facilities and infrastructure enhancements for Boeing employees.
Fifth Third Bancorp, a bank headquartered in Ohio, announced that they would raise the minimum hourly wage for all employees to $15 following the tax reform bill and would give a one-time bonus of $1,000 to more than 13,500 of its employees.
Wells Fargo announced that they will increase their minimum hourly pay rate to $15, and will “aim for $400M in philanthropic donations next year due to the newly-passed GOP tax bill.”
Comcast announced that they will give $1,000 bonuses to over 100,000 “eligible frontline and non-executive employees” & invest $50 billion over the next five years in infrastructure “based on the passage of tax reform.”
FedEx announced that the company will ramp up hiring in response to the tax bill.
CVS Health announced in October that it the corporate tax rate went down that it would create 3,000 permanent new jobs.
Here’s President Donald J. Trump’s latest tweet with a video explaining the benefits to farmers and middle-income Americans: