Following the passage of the GOP tax cuts, American corporations are increases wages and capital investment.
If the recent GOP tax cuts are truly “Armageddon,” as Nancy Pelosi and her socialist Democrat cohorts claim, then America’s response increasingly looks like an R.E.M. song title: “It’s The End of the World As We Know It, and I Feel Fine.”
Chicken Little Democrats claimed tax cuts — specifically cutting the corporate tax rate from 35% to 21% — would be a disaster for the American worker, but reality begs to differ. Following the passage of the GOP tax cuts, more than 200 American corporations have given or announced wage increases and bonuses of between $1,000 and $2,500 for their workers.
Walmart — the epitome of capitalistic evil to American progressives — announced it is investing a portion of its tax savings into a wage increase for employees, raising its corporate minimum wage to $11/hour, more than 52% higher than the federal minimum wage. Dozens of other corporations have announced they are expanding and creating new jobs due to the tax cuts.