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HEY NANCY, WHY SO CRUMMY?

- February 6, 2018

DESPITE NANCY PELOSI'S DISPARAGING RHETORIC OVER $1,000 BONUSES, PRESIDENT OBAMA RECOGNIZED THE DIFFERENCE EVEN $40 SAVED FROM TAX CUTS MADE FOR AMERICAN FAMILIES

House Minority Leader Nancy Pelosi Referred To The Bonuses, Raises, And Contributions Received By Millions Of Americans Due To Tax Reform As "Crumbs" And "Pathetic"

Over 300 Companies Have Pledged To Give Their Employees Pay Raises, Bonuses, Or Increased 401(K) Contributions As A Result Of The Tax Cuts And Jobs Act; And At Least 3 Million Employees Will Receive Bonuses. "327 companies announce tax reform bonuses, raises, or 401(k) hikes." ("List Of Tax Reform Good News," Americans For Tax Reform, 2/6/18)

Workers Will See Increased Take Home Pay Starting In February Thanks To The Tax Cuts And Jobs Act. "The contentious tax overhaul is beginning to deliver a change that many will welcome - bigger paychecks. Workers are starting to see more take-home pay as employers implement the new withholding guidelines from the IRS, which dictate how much employers withhold from pay for federal taxes. Those whose checks have remained the same shouldn't fret - employers have until Feb. 15 to make the changes." (Sarah Skidmore Sell, "Tax Bill Beginning To Deliver Bigger Paychecks To Workers," The Associated Press , 2/1/18)

House Minority Leader Nancy Pelosi (D-CA) Characterized The Bonuses Companies Are Offering Workers As "Crumbs." "House Minority Leader Nancy Pelosi on Thursday dismissed as 'crumbs' the recent wave of bonuses given to workers by large corporations in the wake of the Republican tax law's passage. '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,' Pelosi told reporters." (Bob Bryan, "Nancy Pelosi Says Companies' Bonuses To Workers Because Of The Tax Bill Are 'Crumbs,'" Business Insider , 1/11/18)

Democratic Lawmakers Have Dismissed Bonuses Offered By Companies In The Wake Of The Tax Bill's Passage As A "Public Relations Stunt." "But Democratic lawmakers and corporate watchdogs say the move is a public relations stunt that pales in comparison to the profits the companies' shareholders and executives will reap because of the lower tax rates." ("Bonuses For Some Workers After Tax Bill Passes," CBS News , 12/26/17)

But In 2011, Nancy Pelosi Called Obama's Payroll Tax Cut And The Savings Of Forty Dollars Per Paycheck A "Victory For All Americans"

In 2011, Pelosi Praised President Obama's Extension Of The Payroll Tax Cut Calling It "A Victory For All Americans" And Touted The Cut's "Nearly $40 Per Paycheck In The Pockets Of The Average Family." "Today is a victory for all Americans - for the security of our middle class, for the health of our seniors, and for economic growth and job creation. The American people spoke out clearly and, thanks to President Obama's leadership, 160 million Americans will continue to receive their payroll tax cut - nearly $40 per paycheck in the pockets of the average family. I salute the work of the unified House Democratic caucus on behalf of the American people." (Press Release, "Pelosi Statement On Passage Of The Bipartisan Payroll Tax Cut Extension," Rep. Nancy Pelosi , 12/21/11)

And President Barack Obama Repeatedly Emphasized The Importance Of An Extra Forty Dollars A Paycheck From Tax Cuts

The Obama Administration Pushed A Website Touting What $40 Dollars Per Paycheck Meant To Average Americans "Back In The Days When $1,040 A Year Wasn't Considered Crumbs." "I had forgotten about this 'what-$40-a-paycheck-means-to-average-Americans' website put up by the Obama White House, back in the days when $1,040 a year wasn't considered crumbs. h/t @charlescwcooke" (Glenn Kessler, Twitter Feed , 2/6/18)

VIDEO: In 2012, President Barack Obama Said Forty Dollars Saved From Tax Cuts "For The Typical American Family" Was A "Big Deal" And Made "A Difference For A Lot Of Families." PRESIDENT BARACK OBAMA: "You'll remember I called on Congress to pass this middle-class tax cut back in September as part of my broader jobs plan. And for the typical American family, it is a big deal. It means $40 extra in their paycheck. And that $40 helps to pay the rent, the groceries, the rising cost of gas -- which is on a lot of people's minds right now. LaRonda Hill -- right here -- told us how $40 covers the water bill for a month. So this tax cut makes a difference for a lot of families. You can get back over here, Joe. (Laughter.) And more people spending more money means more businesses will be able to hire more workers, and the entire economy gets another boost just as the recovery is starting to gain some steam." (President Barack Obama, Remarks By The President On The Payroll Tax Cut , Washington, D.C., 02/21/12) TIMESTAMP: 01:25-2:29

VIDEO: President Obama Said That For Parents, Students, And Seniors, Forty Dollars "Can Make All The Difference In The World." OBAMA: "If you're a family making about $50,000 a year, this tax cut amounts to about $1,000 a year. That's about $40 in every paycheck. I know there are some folks in this town who think $40 isn't a lot of money. But to a student or a senior who's trying to stretch the budget a little bit further? To a parent who's filling up the tank and looking at rising gas prices? To them, $40 can make all the difference in the world." (President Barack Obama, Weekly Address: Extending The Payroll Tax Cut For The Middle Class, Washington, D.C., 02/11/12) TIMESTAMP: 1:27-1:53

VIDEO: According To President Obama, "The Extra $1,000 Or So That The Average Family Would Get From This Tax Cut Makes A Real Difference When You're Trying To Buy Groceries Or Pay The Bills, Make A Mortgage Or Make A Repair." OBAMA: "At a time when so many Americans are working harder and harder just to keep up, the extra $1,000 or so that the average family would get from this tax cut makes a real difference when you're trying to buy groceries or pay the bills, make a mortgage or make a repair." (President Barack Obama, Remarks By The President On The Payroll Tax Cut Extension , Washington D.C., 12/17/11) TIMESTAMP: 00:55-01:13

VIDEO: President Obama: "But Anyone Who Knows What It's Like To Stretch A Budget Knows That At The End Of The Week, Or The End Of The Month, Forty Dollars Can Make All The Difference In The World." OBAMA: "Now, if you're a family making about $50,000 a year, this is a tax cut that amounts to about $1,000 a year. That's about 40 bucks out of every paycheck. It may be that there's some folks in the House who refuse to vote for this compromise because they don't think that 40 bucks is a lot of money. But anyone who knows what it's like to stretch a budget knows that at the end of the week, or the end of the month, $40 can make all the difference in the world." (President Barack Obama, Remarks By The President On The Payroll Tax Cut , Washington, D.C., 12/22/11) TIMESTAMP: 02:21-3:02

VIDEO: President Obama Said That "Over 30,000 People" Wrote The White House To Tell Them How Much $40 Dollars Meant To Their Paycheck. OBAMA: "So on Tuesday, we asked folks to tell us what would it be like to lose $40 out of your paycheck every week. And I have to tell you that the response has been overwhelming. We haven't seen anything like this before. Over 30,000 people have written in so far -- as many as 2,000 every hour. We're still hearing from folks -- and I want to encourage everybody who's been paying attention to this to keep sending your stories to WhiteHouse.gov and share them on Twitter and share them on Facebook." (President Barack Obama, Remarks By The President On The Payroll Tax Cut , Washington, D.C., 12/22/11) TIMESTAMP: 03:35-04:13

  • VIDEO: President Obama Said That For One Man From Rhode Island, An Extra Forty Dollars Bought "Enough Heating Oil To Keep His Family Warm For Three Nights." OBAMA: "Richard from Rhode Island wrote to tell us that having an extra $40 in his check buys enough heating oil to keep his family warm for three nights. In his words -- I'm quoting -- "If someone doesn't think that 12 gallons of heating oil is important, I invite them to spend three nights in an unheated home. Or you can believe me when I say that it makes a difference." (President Barack Obama, Remarks By The President On The Payroll Tax Cut , Washington, D.C., 12/22/11) TIMESTAMP: 04:55-5:19
  • VIDEO: For A Man From Wisconsin, Forty Dollars Meant A Trip To Visit His Father-In-Law In A Nursing Home. OBAMA: "Pete from Wisconsin told us about driving more than 200 miles each week to keep his father-in-law company in a nursing home -- $40 out of his paycheck would mean he'd only be able to make three trips instead of four." (President Barack Obama, Remarks By The President On The Payroll Tax Cut , Washington, D.C., 12/22/11) TIMESTAMP: 05:14-5:36
  • VIDEO: President Obama: "Forty Dollars Means Dinner Out With A Child Who's Home For Christmas, A New Pair Of Shoes, A Tank Of Gas, A Charitable Donation. " OBAMA: "For others, $40 means dinner out with a child who's home for Christmas, a new pair of shoes, a tank of gas, a charitable donation. These are the things at stake for millions of Americans. They matter to people. A lot." (Barack Obama, Remarks By The President On The Payroll Tax Cut , Washington, D.C., 12/22/11) TIMESTAMP: 05:50-6:15
  • During A Promotional Video, President Barack Obama Said That Anyone Trying To Stretch A Budget Would Tell You That Forty Dollars At The End Of A Week Or Month "Can Make All The Difference In The World." OBAMA: "Anyone who knows what it's like to stretch a budget knows that at the end of the week or at the end of the month, $40 can make all the difference in the world. The response has been overwhelming. We haven't seen anything like this before. Over 30,000 people have written in so far, as many as 2,000 every hour. We're still hearing from folks. Some of the folks who responded are on stage with me here today." ("The Difference: What 40 Dollars Means," The Obama White House , 12/23/11)

Click Here To Watch

During The "What Forty Dollars Means To Americans Across The Country" Campaign, The Obama Administration Said That "$40 Is Real Money For Working Families" That Buys School Lunches, Gas, And Helps With Medical Expenses. "The thing is, $40 is real money for working families, as people all over the country told us. That money buys things like school lunches, the gas needed to get to work or visit ailing relatives, and co-pays for doctor visits and essential prescription medicines." ("What $40 Means To Americans Across The Country," The White House Of President Barack Obama , Accessed 2/6/2018)


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