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On Thursday, House Democratic Party Minority Leader Nancy Pelosi characterized as "crumbs" the bonuses of $1,000 or more, pay raises of up to $3 per hour, and other benefits well over 100 companies have showered on over 2 million employees as a result of December's tax law passage. Given their track record, there's no reason to believe that the establishment press will report Pelosi's condescending remarks — or that they will remind their audience that in 2011 and 2012, the Obama administration and Democrats in Congress treated the prospect of workers losing $40 every other week in their paychecks as catastrophic.
As the late-2011 and early-2012 expirations loomed, the Obama administration and Democrats embarked on "What $40 Means to Americans Across the Country" campaigns. The $40 represented the extra money a person making $50,000 per year had been seeing in their biweekly paychecks as a result of that temporary tax break, annually totaling roughly $1,000.
Administration - Testimonials - Citizens - Money - Case
The administration received testimonials from citizens about how important having that extra money was to them, and made its case for extending the reduction or making it permanent as follows (bolds are mine throughout this post):
The thing is, $40 is real money for working families, as people all over the country told us. That money buys things like school lunches, the gas needed to get to work or visit ailing relatives, and co-pays for doctor visits and essential prescription medicines.
Break - Year - Earner - Social - Security
When all was said and done, because they were only able to extend the break for a year, a typical earner avoided paying another $1,000 in Social Security taxes.
Readers should keep the Democrats' 2011-2012 effort in mind as they watch Pelosi ridicule the huge number of one-time $1,000-plus bonuses paid up-front, and then catch Trish Regan's reaction on Fox News (full Fox segment is here):
NANCY PELOSI: In terms...
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