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Elizabeth Warren: The GOP tax bill is for the rich, and no one else

“This is the same answer the Republicans have given for 40 years,” Warren said. “It’s just delivering one gut punch after another to hard working people.”

by Evan McMorris-Santoro
Dec 20 2017, 1:45am

Among the many promises Republicans are making when it comes to their massive tax bill speeding through Congress, job creation is probably the biggest. Steep cuts to the corporate tax rate, they say, will translate not only to more jobs, but also better wages.

Some of bill’s biggest proponents are building off those bold predictions, and offering additions apparently. Andrew Puzder, President Trump’s original pick for Labor Secretary before withdrawing and one of the tax bill’s cheerleaders, told Vice News he believes wage increases will come fast — as in April of 2018 fast.

"Certainly, we should be seeing increased wages by second quarter of next year," Puzder said.

The key, according to Puzder, a former CEO of the company that owns Hardee’s and Carl’s Jr., lies in the bill’s trickle down philosophy.

But is Puzder's bold prediction reasonable? We asked Sen. Elizabeth Warren, who has a decidedly less optimistic view.

"It ain't never worked that way," Warren told Vice News.

“This is the same answer the Republicans have given for 40 years,” Warren added. “It’s just delivering one gut punch after another to hard working people.”

This segment originally aired December 19, 2017, on VICE News Tonight on HBO.

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