Senate minority leader Chuck Schumer never met a GOP program he liked. I do believe if President Trump found a way to end all war, Schumer would complain that not enough people were dying and the earth was getting too crowded. Most of the time he flies off the handle to criticize a bill, speech or policy before it’s been written.
He’s been a big opponent the tax plan going with the standard liberal argument that every tax cut ever done favors the rich and doesn’t help the economy. Of course, he is ignoring the tax cut pushed by John F. Kennedy and the one by Ronald Reagan, each brought a period of prosperity to the economy.
As his usual habit, immediately after the House voted a second time to approve the tax bill, he didn’t wait to start criticizing. And that was his big mistake. Schumer found a TV camera and started bloviating, and that when he soiled his shoes with doggy turds. He started to attack the bill and denied that corporations would use the tax saving to increase salaries or hire more people. And as an example, he singled out AT&T
“I love the example of AT&T. Over the last ten years, AT&T has paid an average tax rate of eight percent a year. They have 80,000 fewer employees today than they had then…Tax breaks don’t lead to job creation,they lead to big CEO salaries and money for the very, very wealthy.”
And I know this just came out. Two minutes ago, they handed it to me. AT&T plans to increase U.S. capital spending $1 billion and provide $1,000 special bonus to more than 200,000 U.S. employees, and that’s because of what we did. So that’s pretty good.
And as if Sen. Schumer’s shoes didn’t reek of doggie-doo enough. USA Today reports that other companies are joining in on the fun:
- Fifth Third Bancorp, a regional bank based in Cincinnati, said it will raise the minimum wage for all of its nearly 3,000 hourly employees to $15, and would distribute a one-time bonus of $1,000 for more than 13,500 employees by the end of the year if the bill is signed by Dec. 25.
- Wells Fargo, also said it would boost its minimum wage to $15 per hour, an 11% increase from its current hourly rate of $13.50, once the law was passed. The pay raise will go into effect in March 2018, the company said.
- Boeing said it would move forward with $300 million in investments as a result of the new tax law, including $100 million in employee training and education and $100 million to enhance Boeing facilities as part of its “workforce of the future” initiative.
- Media and cable company Comcast said it would award special $1,000 bonuses to more than 100,000 eligible employees (I am assuming they are talking about the employees that haven’t been fired because of sex scandals). The company, which also owns NBCUniversal, said it also expects to spend more than $50 billion over the next five years investing in infrastructure to improve and extend broadband plant and capacity, and its television, film, and theme park offerings.
Perhaps next time Senator Schumer will realize that he is an American first and a Democrat second and instead of rushing to hate a Republican legislation, he will chill for a while and maybe see if what his political opponents were saying was actually true.
And while you are at it…push up your glasses, you look like a 90-year-old schoolmarm.