In a tweet as tone-deaf as it is condescending, Speaker of the House Paul Ryan (R-WI) attempted to use the fact that a secretary at a public high school in Lancaster, Pennsylvania got a $1.50 raise per week as proof that the recently passed Republican tax plan is working perfectly.
Where do we even start?
By lowering the corporate tax rate, America’s biggest companies will be able to add a windfall of cash to their bottom lines. Exxon got $5.9 billion, Pfizer got $22 billion, Merck & Co got $22 billion, and AT&T got $20 billion. The Koch brothers made off with $1.4 billion. Essentially all of the money from the Republican tax overhaul padded the company’s profits, as opposed to translating into permanent wage increases for its employees.
Only a dismal two percent of Americans have benefited from the tax plan with raises or bonuses, and in every case, the raise or bonus was only a mere fraction of what each company was benefiting. Furthermore, most of the employee benefit was temporary; many companies have only announced one-time bonuses, as opposed to permanent raises.
While many companies have offered a standard $1,000 bonus to their employees, Ryan’s example – one that translates to $78 per year – is a testament to just how out of touch the Speaker of the House truly is.
That secretary may be able to afford her Costco membership because of the GOP tax bill, but the Koch brothers – for whom the bill was actually written – could buy out Costco if they wanted to. But, sure, let’s focus on that $1.50 raise.
Here’s to hoping that full-time employee in Lancaster, PA enjoys the weekly candy bar that her raise can afford her.