Millionaire House Minority Leader Nancy Pelosi (D-CA) said on Thursday that the increased wages and bonuses that companies are giving to their employees as a result of the Republican-passed tax reform bill was "pathetic" and likened it to receiving "crumbs."
"A number of bonuses that were given ... one of the bonuses was in a union contract and then they added a little more money to that," Pelosi said. "That same firm just told the employees they were going to be laying off 1,500 people and if they wanted to save their jobs, they could all start working 32 hours."
"In terms of the bonus that corporate America received versus the crumbs they are giving to workers to put the schmooze on is so pathetic," Pelosi continued. "And I would hope with their big advantage of bringing home at a very low rate that they would invest in infrastructure, but our experience has been they will seek dividends and buy-backs. It is insignificant."
Pelosi's comments show just how out-of-touch she is with working-class American families who are not worth $30 million, like she is.