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In this sentence:

For taxi drivers staring down an even bleaker future of driverless cars at a moment when Washington considers a weekly paycheck bump of $1.50 an occasion to break out the layer cake, it is hard to see where the metaphoric Prozac will come from.

Does "the layer cake” refer to somebody here?

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A layer cake is a fancy cake often eaten at celebrations. So to 'break out the layer cake' is to have a celebration.

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  • Yeah, though "break out" is an established idiom, "break out the layer cake" is not (and phrases like "break out the champagne" would be more common). But most NES would understand what was meant.
    – Hot Licks
    Commented Jan 22, 2019 at 2:52

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