Not that we needed much more evidence to show what a scam the Republican “Tax Cuts and Jobs Act” was, but the evidence doesn’t care—it just keeps coming.
The $0.03 per hour (inflation-adjusted) bump in bonuses between the fourth quarter of 2018 [sic] and the second quarter of 2018 is very small and not necessarily attributable to the tax cuts rather than employer efforts to recruit workers in a continued low unemployment environment. […]
The $0.03 increase in inflation-adjusted bonuses per hour over the last two quarters came as W-2 wages (defined as direct wages plus wages for paid leave and supplementary pay) actually fell $0.25 and overall compensation rose just $0.07. Looking over the last year we see a rise in bonuses of $0.09 per hour accounting for nearly all of the very small increase in W-2 wages of $0.12 while overall compensation did not grow at all.
So Republicans are looking for a do-over. But of course, they don’t want to do it over to make changes that benefit working people, they want to do it over to double down.