After Walmart became the latest major company to announce wage increases and bonuses for employees following the GOP tax reform bill, California’s Nancy Pelosi lost her mind.
According to the House Minority Leader, higher pay for workers (under a Republican president) are a ‘pathetic’ nothingburger – merely ‘crumbs.’
From Free Beacon:
House Minority Leader Nancy Pelosi (D., Calif.) on Thursday continued to slam the recently passed Republican tax reform bill, calling the wage increases and bonuses “crumbs” during her weekly press briefing.
Walmart was the most recent company to announce a wage increase and bonuses as a result of the sweeping legislation, which included a slashing of the corporate tax rate from 35 to 21 percent.
“In terms of the bonus that corporate America received versus the crumbs that they are giving workers to kind of put the schmooze on is so pathetic. It’s so pathetic,” Pelosi said.
More from Washington Times:
“I would hope that with their big advantage of bringing money home at a very low rate that they would invest in infrastructure and things, but our experience has been that they will do dividends, do stock buybacks and things like that,” she continued. “I think it’s insignificant.”
Walmart plans on offering one-time cash bonuses to employees of up to $1,000 and will raise its starting salary in the U.S. to $11 per hour.
The crazy part is that Nancy is being serious.
It’s statements like these that will come back to bite Democrats in the midterm elections.
You have to feel for Democrats at times. They know not what they do.