WASHINGTON, D.C. – U.S. Senate Majority Leader Mitch McConnell (R-KY) made the following remarks regarding President Donald Trump’s State of the Union address and Democrats describing tax reform benefits as “crumbs,” “Armageddon”:
“Well, the president emphasized that America is growing again as a result of comprehensive tax reform bill last year. Employees are getting bonuses, pay raises, investments in their IRAs -- America is moving. Consumer confidence is high, the stock market is at a record level. We’re coming out of this economic funk that we were in throughout the Obama years and the president was right to talk about it and to take some credit for the direction America is heading in. We’re growing again – it’s important.”
“We know 90-percent of Americans are going to see an increase in their paychecks. And obviously if you’re a lower-income person, who doesn’t pay much in the way of taxes, you don’t get as much relief. But on a percentage basis…let’s take a single mother with one child. She’s going to get a 50-or 60-percent decrease in taxes. In other words, an increase in take home pay. That may seem like a crumb to Nancy Pelosi but to that particular family, it’s a lot of money.”
