Finance

Democrats continue to dismiss positive impacts of tax reform

Capital One, Wells Fargo, Waste Management, JetBlue Airlines, Comcast, AT&T, American Airlines, BB&T and Nationwide Mutual Insurance are just a few of the more than 80 companies that have all announced employee bonuses, additional benefits, and higher wages for their employees crediting successful passage of the tax reform bill.

These are tangible and Immediate impacts that are putting money directly into the pockets of working-class Americans. The good news continues to roll in with Walmart, the largest private sector employer in the country, making their announcement this week that they would hand out $1,000 bonuses and raise the hourly minimum wage of their employees to $11.

The strategic response from Democrats? Attack and downplay the impact for American families to hide from their votes against the bill. House Minority Leader Nancy Pelosi called the bonuses and wage increases "crumbs" and "insignificant" during her weekly press conference.

"In terms of the bonus that corporate America received versus the crumbs they are giving to workers, to kind of put the schmooze is so pathetic, it's so pathetic," said Pelosi. Her dismissal of $1,000 in the pockets of average families is offensive and highlights how out of touch she is with the American people.

Walmart's announcement of cash bonuses, pay increases and expanded leave benefits are all significant as families evaluate their finances, but this is just the beginning. In his announcement, Walmart president and chief executive officer Doug McMillon noted that this is only the first step in the company's assessment of the "opportunities tax reform creates for us to invest in our customers and associates and to further strengthen our business."

Despite the clear evidence, Pelosi continues her drumbeat that the legislation will only be detrimental to the American people. Last month, she outlandishly claimed that the tax reform bill would be "Armageddon" for America families. It's just not the truth. But she isn't the only Democrat dismissing the good news to hide from her vote.

Sen. Claire McCaskill (D-Mo.), a vulnerable Democrat from a state President Trump won by double digits, had the audacity to say that tax reform "is not going to be helpful to the vast majority of people in my state that are sitting around the kitchen table trying to figure out how [to] come out even at the end of the month."

Bonuses of $1,000 and expanded benefits will do just that. McCaskill's comments were even given two Pinocchios by the Washington Post fact check team. Sen. Elizabeth Warren (D-Mass.) insisted that "this bill won't raise wages for working people." Walmart's two million employees across the country would disagree.

The Tax Cuts and Jobs Act was only signed a month ago and already the positive impacts can't be ignored. The announcements from companies of all sizes will continue as the new year unfolds. The real question becomes how long can Democrats keep up their criticism and refuse to acknowledge their votes against the bill?

Americans will demand answers for the hypocrisy of Democrats as constituents see their paychecks increase. Democrats need to be held accountable for their refusal to work with the Trump administration and Republicans in Congress to deliver real results to America's working class families. More money in the pockets of Americans to grow our economy should be celebrated, not dismissed.

Alexandra Smith is executive director of America Rising, a political action committee dedicated to advancing conservative principles and holding liberals accountable. She previously served as chairman of the College Republican National Committee.

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