Wall Street Journal writer Natalie Andrews reported in a tweet Thursday how Democrats intend to honor Martin Luther King.
According to Democrat leader Nancy Pelosi, Democrats will apparently be holding “teach-ins” this weekend on the “GOP tax scam” to African Americans across the country.
https://twitter.com/nataliewsj/status/951506305872809985
If you thought this was an awkward and inappropriate way to honor the civil rights leader, you’re not alone.
Honoring MLK by pandering for dem talking points.
— Bill Ferris (@cwferris) January 11, 2018
what better way to honor MLK and his influence on civil rights in america than to… shift the focus on to tax cuts ? 🤔
— Lino Taormina (@linotaormina) January 11, 2018
Pelosi also said in her weekly press conference that the higher wages and better benefits resulting from the GOP’s tax policy are “pathetic” and “insignificant.”
This is a devastating and incredible gaffe from Nancy Pelosi that will likely fuel many Democrats' concerns that she is killing her party's efforts to appeal to working class voters again. pic.twitter.com/CfuBuT6x6f
— Matt Wolking (Text TRUMP to 88022) (@MattWolking) January 11, 2018
Wolking is right — this does not seem helpful. Although the country is strongly divided, everyone should be noticing the positive results of President Trump’s policies in their pocketbooks soon — if not already:
BREAKING: Fiat Chrysler to invest $1B+ to modernize a Michigan plant, in addition to previous $1B investment in the plant; will add 2500 new jobs, and will give $2,000 bonuses to 60,000 of its hourly and salaried employees in the US because of tax reform. https://t.co/u2wPnDweRm pic.twitter.com/MYx4KHfrNu
— CNBC Now (@CNBCnow) January 11, 2018
JUST IN: Capital One raises minimum wage to $15 per hour for U.S. employees. https://t.co/jn8limUSe7 pic.twitter.com/ouW67ybMLj
— CNBC Now (@CNBCnow) January 11, 2018
Breaking → Thanks to #TaxReform, American jobs are staying here. Assurant just announced it would remain in the U.S. and not move its operations to Bermuda. https://t.co/rUjL2XI2UZ
— Paul Ryan (@SpeakerRyan) January 9, 2018
JUST IN: Waste Management says it will distribute a $2,000 bonus to every North American employee not on a bonus or sales incentive plan, including hourly and other employees, due to tax reform. https://t.co/jn8limUSe7 pic.twitter.com/rk94PUYhFA
— CNBC Now (@CNBCnow) January 10, 2018
BREAKING: Walmart will raise its starting wage rate for hourly employees in the U.S. to $11, expand maternity & parental leave benefits, and provide a one-time cash bonus for eligible employees of as much as $1,000 due to tax reform. https://t.co/Nbd2JzxBlC
— CNBC Now (@CNBCnow) January 11, 2018
There’s good news for the economy. CNBC is also reporting that companies are now repatriating hundreds of billions of dollars (which they had in hiding outside of the country due to Obama’s hostile business policies). With the repatriation rate at 15 percent, the tech sector alone will repatriate $400 billion back into America.
Technology companies will thrive from the hundreds of billions in cash parked outside the U.S. coming into the country this year, according to one Wall Street firm.”With the Trump administration and Beltway imposing a 15.5% tax on [repatriated] cash earnings vs. the previous 35% tax rate we expect a surge of overseas cash to come back into the US with large cap tech being the clear beneficiary for 2018 and beyond,” Daniel Ives, head of technology research at GBH Insights, wrote in a note to clients Thursday.
Ives estimates large U.S. technology companies have $550 billion to $600 billion parked overseas. He predicts they will repatriate $300 billion to $400 billion in 2018, with Apple representing $200 billion of that amount.
It’s hard to see how Democrats can expect to receive popular support for something that is already having such a positive ripple effect.
Then again, not one Democrat voted for the bill and they’re now wedded to opposing it. Not a good place for them to be.
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