Political Quotes

“finally, a word on the Republican tax bill. From the very beginning of our debate on taxes, Republicans insisted that their bill was about helping the American worker, even though the GOP tax bill directs 83 percent of its benefits to the top 1 percent. President Trump and the Republicans said it would be ``a middle class miracle.'' Their theory was to give the big corporations and the wealthy a massive tax cut, and the benefits would trickle down to everyone else, even though that theory has been debunked over and over and over again. Still, President Trump repeatedly promised that workers would see a raise of $4,000 or more as a result of the Republican tax bill. I would like to ask most Americans if they have gotten the $4,000 raise as the White House promised because, according to the April jobs report, hourly earnings have not increased significantly and are actually up just 2.6 percent over the past 12 months. Last month, average hourly earnings increased by just 4 cents--hardly $4,000. No matter how you look at it, the Republican tax bill has failed to deliver anywhere close to the wage growth that was promised. The harsh fact is that corporations aren't using the bulk of their tax savings to boost worker pay or provide additional benefits or hire more workers or buy more equipment. They are using the predominance of tax savings on something called stock buybacks. The CEO says: Let's buy back the stock. His shares go up. The shareholders' shares go up.…”