Former DNC chairwoman and Florida Congresswoman Debbie Wasserman Schultz continued the Democrat denial of the GOP tax cut success story this week; dismissing higher earnings and big bonuses while claiming that $1,000 doesn’t “go very far” for hard-working American families.
It doesn’t.
No it doesn’t. That’s not even 1 extra pay check for my wife or me. My 1300 dollar bonus paid for what my insurance didn’t for my daughter’s oral surgery this summer. Hi and bye bonus all in the same week.
$1,000 doesn’t go far. If it’s a bonus, it’s taxed higher than normal wages. People are lucky to get $500 after taxes. A family of four can’t go on a week vacation for $500. Maybe people used the money to “catch up” on bills. There’s no way to remodel any room in a house, or buy an appliance.
Sorry, but the amount that the corporate heads make, a $1,000 bonus is nothing.
Debbie is right.
She never said it didn’t go anywhere, but that it doesn’t go very far, well she is right.
According to eHealthInsurance, for unsubsidized customers in 2016, “premiums for individual coverage averaged $321 per month while premiums for family plans averaged $833 per month. The average annual deductible for individual plans was $4,358 and the average deductible for family plans was $7,983.”
However, extremes make averages, and the benefits would be much larger for richer households. A household earning $1 million or more would get an average cut of $69,660, an income bump of 3.3 percent. Compare that with the a tax cut of $870, or 1.6 percent, for the average household earning $50,000 to $75,000.
Maybe Paul Ryan needs to tell Debbie how that wonderful tax cut allows people to afford a CostCo membership! Woo Hoo!
With an extra $1000 I could buy 315.5 Family Sized Bags Of Wavy Lays Potato Chips (Sales Tax Included) here at Wally World.
I guess $1000 does go far.
Of course with that $69,660 tax cut I would get if I were a millionaire I could buy 21974.8 Family Sized Bags Of Wavy Lays Potato Chips (Sales Tax Included) here at Wally World.
Shoot, at that, I could share some with the little lady.
