Speaker of the House Paul Ryan tweeted on Saturday celebrating a Lancaster, Pennsylvania school secretary’s wage increase of $1.50 per week.
“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,” Ryan’s tweet read.
Ryan used the tweet to laud the benefits of Republicans’ #GOPtaxscam. The Republicans understand they must attempt to convince the middle class that their budget busting $1.5 trillion tax cut will benefit working class voters. Ryan immediately got bashed on social media by his insensitive tweet and quickly deleted it. Ryan discovered that most of the public doesn’t agree with his boasting about a $78 per year increase in wages.
Rep. Nancy Pelosi, D-Calif., tweeted in response to Ryan.
“Paul Ryan deleted his embarrassing tweet of a blatant admission because he and Republicans don’t want you to know the truth: the #GOPtaxscam is a gift to corporate America and the top 1% at your expense. He also doesn’t want you to know he got $500,000 from the Koch family,” Pelosi tweeted.
Putting Ryan’s tweet in perspective, the Tax Policy Center estimates the top 1 percent will get a $51,000 cut in their taxes. Ryan’s boast about a $78 yearly increase in wages for a middle class taxpayer while the richest Americans get a $51,000 increase demonstrates the complete unfairness of the #GOPtaxscam.
Polls show that the public believes the #GOPtaxscam will benefit the richest Americans and the most profitable businesses. Ryan’s tweet suggesting that middle class taxpayers should be pleased with a $78 annual increase shows his disconnect with economic reality for most working class Americans.
The top 1 percent own more than 40 percent of all the wealth in America. The #GOPtaxscam will increase their share of America’s wealth. Rather than reduce income and wealth inequality, it will increase it substantially.
The Tax Policy Center predicts:
“The GOP tax bill operates by two simple principles. First, families at every income level can expect a tax cut—but the richer the family, the bigger the cut, both in absolute terms and in proportional income. Households making between $500,000 and $1 million would get a $21,000 tax cut in 2019 and their after-tax income would rise by 4.3 percent. That proportional gain is four times larger than the average after-tax benefit for a family making $40,000. Second, as time goes by, most families’ tax benefits would shrink—with the major exception being the most affluent. Most of the plan’s individual tax cuts end after 2025.”
Congressman Ryan and the Republicans will continue to try to sell their trickle down #GOPtaxscam. Ryan was caught this week admitting that middle class taxpayers should be happy with a miserly $1.50 per week wage increase. Ryan’s admission demonstrates the Republicans’ bankrupt GOPtaxscam.
by Rick Smith
Photo via Gage Skidmore