As more and more companies pass their tax savings on to both their employees and their customers, snack cake giant Hostess — which was on the brink of collapse just a few short years ago — announced a cash bonus for workers with an unorthodox twist:
The company, which makes Twinkies, Ding Dongs and Ho Hos, is providing its employees one-time payments of $1,250 — with $750 in cash and $500 in the form of a 401(k) contribution. In taking the step, Hostess cited last month’s tax legislation, which slashed the rate for U.S. corporations.
It’s also offering a year’s worth of free food to workers — though they won’t be able to eat all the Ding Dongs they like. A representative from each of Hostess’s bakeries will choose a product each week, and the employees will be able to take home a multipack of that item. The company also makes Hostess CupCakes, Fruit Pies and Donettes. – READ MORE
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President Trump on Thursday likened House Minority Leader Nancy Pelosi’s calling the recent tax law-related bonuses “crumbs” to Hillary Clinton’s infamous “deplorable” comments from the 2016 campaign.
“That could be like ‘deplorable,’ ” Mr. Trump said of Mrs. Pelosi’s comments. “Those two words — they seem to have a resemblance. I hope it has the same meaning.”
“But she called it crumbs when people are getting $2,000 and $3,000 dollars and $1,000 — that’s not crumbs. It’s a lot of money,” he said. – READ MORE
[give_form id=”79809″]Rep. Nancy Pelosi again referred to worker bonuses as “crumbs,” even while acknowledging that people have been mocking her for her out-of-touch comments.
Pelosi spoke at another tax-reform town hall in Massachusetts on Thursday, and made sure to remind everyone that she thinks the $1,000 bonuses companies are handing out in the wake of Trump’s tax cuts are “crumbs.” – READ MORE
[give_form id=”79809″] [divider][/divider]House Minority Leader Nancy Pelosi (D-Calif.) for the second time this month said the increased wages and bonuses resulting from the Republican tax cuts amount to “crumbs” for middle class workers. She also called the tax reform package a “scam” that primarily benefits major corporations.
“Pretty obnoxious the GOP thinks workers should be weak-kneed with gratitude for corporations giving them pennies while pocketing a multi-billion dollar tax break stolen from the future of the middle class. #GOPTaxScam” Pelosi tweeted.
Pretty obnoxious the GOP thinks workers should be weak-kneed with gratitude for corporations giving them pennies while pocketing a multi-billion dollar tax break stolen from the future of the middle class. #GOPTaxScam pic.twitter.com/ulLIexUf4q
— Nancy Pelosi (@NancyPelosi) January 26, 2018
Pelosi’s tweet included a cartoon that shows a person standing in front of a mouse trap with a small piece of food on the trip. On the person’s back is a sign that reads “Middle Class.” An elephant in a suit looms over him, saying, “We added a 2% increase to your crumb.” – READ MORE
[give_form id=”79809″] [divider][/divider]A review of House Minority Leader Nancy Pelosi’s financial records appears to suggest that the real reason she voted against the the GOP’s tax reform bill last month was not to protect working class Americans, as she claimed, but to protect her own interests.
According to The Washington Free Beacon, Pelosi’s records show that she owns three multi-million-dollar homes, two of which are in liberal California. Moreover, the combined 2017 property tax bill for these homes was reportedly $137,000.
That bill, which as a reminder cuts taxes for 90 percent of all Americans, contains a provision that limits the amount of state, local and property taxes the wealthy may deduct to just $10,000.
“(S)ome states and localities allow people to prepay their state and local taxes, including property taxes. If they did so this year, people could conceivably deduct them from this year’s taxes,” The Washington Post explained late last year in a guide sheet it prepared for its wealthy readers.
Now guess who decided to pull this exact trick. That’s right, Nancy Pelosi, i.e., the woman who claims to be a champion for working class Americans and constantly rails against the wealthy for allegedly not paying their “fair share.”
“Just days after President Trump signed the sweeping tax bill into law late last month, Pelosi and her husband tried to preserve $64,000 in property tax breaks, known as the state and local taxes (SALT) deductions, for her two California homes,” the Beacon reported. – READ MORE