Thousands of U.S. workers have received a bonus over the past few weeks as a result of the sweeping tax reform put into law by Trump.
A Republican lawmaker unveiled legislation that would make most bonuses given out as a result of President Trump’s tax reform plan tax-free — and took a jab at House Minority Leader Nancy Pelosi with the bill’s name.
Rep. Todd Rokita, R-Ind., has dubbed his bill the “Creating Relief and Useful Middle-Class Benefits and Savings” — or “CRUMBS” Act.
Pelosi, D-Calif., famously referred to the bonuses as “crumbs” in criticizing the tax plan last month. Rokita’s bill would make bonuses received by workers in 2018 tax-free up to $2,500.
"BUILD THE WALL" bumper stickers now on sale. (BUY NOW)
If you would like to receive Breaking News text alerts on a smartphone or tablet, download the DML APP which is completely FREE and easy to use. Go to the Google Play Store or the IOS App Store and search for DML APP. Be sure to keep the app’s notifications setting on. Another way to receive alerts is to text to 40404 the following message: follow @realdennislynch (be sure to put a space between the word follow and the @ symbol).
To see more stories like this, sign up below for Dennis Michael Lynch’s email newsletter.
Sign up to get breaking news alerts from Dennis Michael Lynch.