Paul Ryan brags about how the GOP tax bill will help a middle class woman earn an extra $1.50 a week

Meanwhile, Costco will receive $5.2 billion in tax breaks over the next ten years, and America will add $1.5 trillion to the national debt.

By
Ruth Milka
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947
SOURCENationofChange

Seriously, Paul Ryan? While mega corporations are seeing millions of dollars in tax cuts from the GOP’s heavily-criticized tax plan, House Speaker Paul Ryan is bragging about middle-class workers seeing an extra $1.50 a week on their paychecks.

In a tweet posted on Saturday morning (that has since been deleted), Ryan told a story of a “secretary at a public high school” that was “pleasantly surprised her pay went up $1.50 a week.” This is a whopping $78 a year in savings.

People on twitter immediately jumped on Ryan, asking him basic math questions to show the outrageousness of his statement:

The GOP tax plan, signed into law at the end of 2017, will give corporations a major tax cut, lowering their rate from 35 to 21 percent. Individual tax cuts, which are much less impressive, will expire in 2025, ending any benefits taxpayers will initially see.

This means that Costco will save $520 million per year, or $5.2 billion over the next 10 years, calculated from their tax payment of $1.3 billion on $3.7 billion in earnings from two years ago. But $78 a year, or $624 total over ten years, for a middle class worker is definitely something to brag about.

Meanwhile, the tax bill will cost America $1.5 trillion.

After receiving backlash for the Tweet, Ryan deleted it.

 

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