House Minority Leader Nancy Pelosi refused to accept the reality that the GOP tax cuts are providing relief for millions of working class families on Thursday, telling reporters that the increased wages and bonuses were mere “crumbs” from the wealthiest Americans.
“A number of companies are attributing the tax bill for being able to give higher wages to their employees as well as give a number of bonuses to their employees. How do you respond to that?” asked one reporter during Pelosi’s weekly press conference.
“One of the bonuses was already in a union contract, and then they added a little more money to that. That same firm just told their employees that they’re going to be laying off 1500 people,” said the former Speaker of the House.
“In terms of the bonus that corporate America received versus the crumbs that they are giving to workers to kind of put the schmooze on is so pathetic, it’s so pathetic,” she added. “I would hope that with their big advantage of bringing money home at a very low rate, that they would invest in infrastructure. My experience has been that they will do stock buy-backs and things like that.”
Pelosi’s comments come as major American corporations announced higher wages and increased bonuses as a direct result of the GOP-led tax cuts. American Airlines, Southwest Airlines, Walmart, AT&T, Boeing, and other US-based companies all raised employee benefits and salaries after President Trump signed the legislation into law.
Watch Pelosi’s bizarre press conference above.