Liberal MSNBC host Rachel Maddow told her viewers Wednesday night that their taxes are going up to give major corporations an “embarrassing amount of money,” even though 80 percent of taxpayers are expected to see their taxes go down next year.
Several major corporations including Wells Fargo, Comcast and AT&T immediately raised wages and gave away hundreds of millions of dollars in added bonuses to their employees on Wednesday as a direct result of Republicans passing their tax cuts legislation. But Maddow framed that cash windfall as proof that the bill is a bad thing. (RELATED: American Companies Rain Down Cash On Employees In Response To Trump Tax Cuts)
“You know, when companies start volunteering that they have come up with worthy things to do with all the money that was just dumped on them, that’s how you know, oh my god, a huge amount of money was just dumped on them,” Maddow said.
“So the effects of the tax bill started to reverberate today as the wealthiest people and most powerful corporate corporations in this country started almost literally scrambling to figure out how they’re going to handle the money the Republican tax bill just gave them,” she claimed.
“So when your families’ taxes go up because of this bill, you can take comfort in knowing that’s what you’re paying for, you’re giving telecom companies and biggest banks in the country a really embarrassing amount of money to have to explain away.”
More than 80 percent of American taxpayers will see their taxes go down under the new legislation, according to an analysis by the Tax Policy Center, a left-leaning think tank.
Less than five percent of taxpayers are expected to see a tax increase of more than $10 next year. (RELATED: Media Bias Against GOP Tax Bill Misleads The Public)