(National Sentinel)Â Economic Illiteracy: The founder of the home improvement chain Home Depot toldÂ Fox Business host Neil Cavuto on Saturday that Democrats who opposed the recent tax cut legislation offered by Republicans and President Donald J. Trump don’t have the “brains” to understand why its good for workers, too.
After the bill passed, some 250 companies have since announced they were giving pay raises and bonuses to their employees. Bonuses have ranged in amount, but many employees received $1,000 bonuses or more.
That included Home Depot employees. The company announced recently that hourly employees would receive a one-time cash bonus of up to $1,000 — a reward the company said was tied directly to the tax cuts, which included a corporate rate decline from 35 percent to 21 percent.
Despite the pay raises and bonuses, however, most Democrats continue to criticize the legislation and downplay its significance. House Minority Leader Nancy Pelosi, D-Calif. — one of the richest members of Congress — has characterized the bonuses as “crumbs.”
But Bernie Marcus, who opened the first two Home Depot stores in 1979, told Cavuto that Democrats donâ€™t understand the â€œrealityâ€ of the situation for workers who need the money.
Getting more passionate about the subject as the interview went on, Marcus also said thatÂ Democrats who oppose the bill â€œdonâ€™t have any brains.â€
â€œIf you want to talk to somebody who is off the charts and doesnâ€™t understand reality â€¦ itâ€™s (Chuck) Schumer and (Nancy) Pelosi,â€ he said; Schumer is minority leader in the Senate.
Marcus dismissed the notion that thousand-dollar bonuses were mere “crumbs.”
â€œA thousand dollars is more than meaningful,â€ he said. â€œIt could be paying the mortgage, it could be paying for a car repair, it could be paying for a past due bill.â€
â€œThese are thingsÂ that the Pelosi/Schumer group donâ€™t have a clue about.Â Itâ€™s why they lost the election â€” itâ€™s as simple as that! They are so busy with their elitists â€¦Â and (Hillary) Clinton never knew about the real people out there and thatâ€™s why they lost the election,â€ he noted further.
“And that’s why they’re going to lose the next election,” he predicted.
He noted further that a number of small business owners have told him they are investing in their companies and hiring more workers because of the tax cuts.
â€œYouâ€™ve got to use your brains! Democrats, use your stupid brains. You donâ€™t have any brains!â€ he said.
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