crumbs and windfalls

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Trump called the idea of $1000 bonuses "a lot of money" for employees, while Nancy Pelosi noted the disparity between "the bonus that corporate America received versus the crumbs that they are giving to workers," [and got pilloried for it] and later remarked that "it's not a question of $1,000, it's a question of the billions of dollars, the banquet that they have put for the top 1 percent." [For example, consider AT&T's $1,000 bonus for 200,000 employees, which "is only 6 percent of the $3 billion tax windfall."]

In a related incident, Samuel Warde quotes Paul Ryan's since-deleted tweet, where he suggested that $1.50 per week is some sort of windfall for the working class,

A secretary at a public high school in Lancaster, PA, said she was pleasantly surprised her pay went up $1.50 a week ... she said [that] will more than cover her Costco membership for the year.

-- Paul Ryan (@PRyan) February 3, 2018

and then remarks:

Now, I don't really know which planet Paul Ryan comes from; but on the planet where he dwells at the moment, a $1.50 raise per week is more likely to bring tears of sorrow than ones of the kind of joy that Ryan seems to be experiencing.

NYT provides a higher-level view:

According to an analysis of the bill by the nonpartisan Tax Policy Center, "in general, higher income households receive larger average tax cuts as a percentage of after-tax income." Middle-income taxpayers would receive an average tax cut of $930 this year, and those in the top 1 percent would receive an average cut of $51,000.

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This page contains a single entry by cognitivedissident published on February 3, 2018 8:22 PM.

two decades of Open Source was the previous entry in this blog.

the GOP's budget is the next entry in this blog.

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