Home Depot co-founder Bernie Marcus slammed Democrats who have chided the Republican-passed tax reform bill, saying, “Use your brains.”
Marcus said on Fox News on Saturday:
They are going to do smart things. They are going to make smart moves, and that will take a period of time, just like the small businesses. This is not going to turn overnight. Corporations are not going to open 14 buildings overnight. Come on, give me a break, you’ve got to use your brains. I mean, Democrats, use your stupid brains, you don’t have any stupid brains and don’t understand what happens.
Home Depot announced last week that their workers can receive up to $1,000 bonuses thanks to the recently passed Tax Cuts and Jobs Act. Craig Menear, Home Depot’s chief executive, said in a statement released Thursday: “This incremental investment in our associates was made possible by the new tax reform bill. We are pleased to be able to provide this additional reward to our associates.”
Meanwhile, Democrats have charged that tax reform has not benefitted many people.
Former Democratic National Committee (DNC) chairwoman and Rep. Debbie Wasserman Schultz (D-FL) said last week, “I’m not sure that $1,000 goes very far for anyone.”
House Minority Leader Nancy Pelosi (D-CA) also rebuked the recently passed Tax Cuts and Jobs Act, referring to the bill as “the end of the world” and “Armageddon.” Since President Donald Trump enacted the legislation, Pelosi referred to the benefits that Americans received from the bill as “crumbs.” She also called the benefits “pathetic.”
Reports suggested that over one million Americans will receive a bonus of up to $3,000 thanks to the tax cut legislation.
Well over 100 American companies gave their employees up to $2,000 in bonuses after President Donald Trump signed the Tax Cuts and Jobs Act. Several corporations such as AT&T, Comcast, and Nationwide also increased their 401(k) match rate, raised their minimum wages, and increased domestic investment because of the Republican tax bill.
American unemployment claim benefits remain at a record 17-year low, and American consumer sentiment reached its highest level since 2000.
President Donald Trump tweeted on Sunday, “Our economy is better than it has been in many decades. Businesses are coming back to America like never before. Chrysler, as an example, is leaving Mexico and coming back to the USA. Unemployment is nearing record lows. We are on the right track!”
Our economy is better than it has been in many decades. Businesses are coming back to America like never before. Chrysler, as an example, is leaving Mexico and coming back to the USA. Unemployment is nearing record lows. We are on the right track!
— Donald J. Trump (@realDonaldTrump) January 28, 2018