Paul Ryan Thinks an Extra $1.50 a Week Is Something to Brag About
House Speaker Paul Ryan is such a smug little weasel that he might have been trolling when he tweeted out praise for the $1.5 trillion GOP corporate tax scam by citing a Pennsylvania high school secretary who received a whopping $1.50 a week raise.
Then again, he’s probably just that clueless.
“A secretary at a public high school in Lancaster, PA, said she was pleasantly surprised her pay went up to $1.50 a week … she said [that] will more than cover her Costco membership for the year,” Ryan tweeted, quoting a story by the Associated Press about workers receiving more take–home pay as new IRS withholding guidelines take effect.
The same story, citing the nonpartisan Tax Policy Center, notes that the average middle–income household will receive an average tax cut of $930 this year. But those individual tax cuts will disappear by the end of 2025, while corporate tax cuts will remain in place.
Also, in 2025, the top 1% of households—who will receive an average annual tax cut of about $51,000 until then—“would still receive a larger share of tax benefits than the bottom 60 percent of Americans combined,” Mother Jones reported. Two years after that, taxes will actually increase for low–income households.