Rep. Steve Knight helped hand $9 billion to Wall Street as wages fell

Congressman Steve Knight

Congressman Steve Knight chose Wall Street banks over working families when he supported the Republican tax bill.

Evidence piles up that Congressman Steve Knight (R-Palmdale) isn’t being honest with residents about the unpopular Republican tax bill he supported last year.

While Knight promised the bill would put families first, it is really wealthy Wall Street banks who are seeing massive benefits — as families are left out in the cold.

In the first nine months of the year, just six Wall Street banks “received more than $9 billion in combined tax cuts since the GOP tax law came into effect,” according Not One Penny, an advocacy group opposed to the Republican tax bill.

While banks enjoy the largess of Knight’s vote, working families are being ignored and left behind.

“Real wages are flat and trending the wrong way,” Forbes reports. When Americans’ wages do rise, inflation gobbles up all of that value and then some.

“This blatant disregard for working families epitomizes why we must hold Republicans accountable for passing a tax law written solely for the wealthiest individuals and biggest corporations,” Ryan Thomas, spokesperson for Not One Penny, said in a statement.

As families from New York to California see Wall Street bankers raking in record-breaking profits, their own paychecks remain the same. Almost 2 in 3 Americans (64 percent) say they have not seen any increase in their take-home pay according to a recent Gallup survey.

Instead of any benefits from the Republican tax bill, most people just see broken promises.

According to a leaked Republican poll, Americans know the GOP’s spin is full of lies.

By a margin of 61 percent to 32 percent, the poll shows voters say the tax bill benefits large corporations and rich Americans over middle-class families.

“The idea that the tax cuts were going to line workers’ pockets was always a mirage,” reported the New York Times. The bill, it turns out, “doesn’t do any of what [Republicans] promised.”

Voters are clearly noticing that they’ve been scammed.

Knight is facing a strong challenge from Democratic nominee Katie Hill. Not only is Hill leading in the latest poll, but she embarrassed Knight in the most recent fundraising quarter, raising $3.8 million to Knight’s mere $456,000.

Most election experts note the race is a toss-up, although FiveThirtyEight gives Hill a slight edge.