Did you know that Trump’s Tax Cuts and Jobs Act of 2017 is just a scam to make the president look good in the eyes of voters?
At least that’s what CNBC’s David Faber and Jim Cramer have alluded to on in the air.
With almost no coverage by the Establishment Media, it was only Rush Limbaugh who caught who caught the provocative back-and-forth between Cramer and Faber in the mere hours following the final congressional vote.
FABER: It’s a good thing. Do you think there’s a coordinated effort, that there was some sort of conversation between some of these companies or some sort of coordinating body that said this is something that might be a good thing for you to consider doing? I don’t know. Just curious that — I don’t think anybody was anticipating it until we saw the announcement from AT&T, and then it was so quickly followed by Wells and Fifth Third, our parent company, but obviously there’s so many others that could be doing the same thing.
CRAMER: If it was coordinated then there should —
FABER: A lot more, right?
CRAMER: — have been a lot more than six companies.
Keep in mind, at the moment of the Faber-Cramer on-air comments, only six companies had announced they would pass on the benefits of the new legislation on to their employees. Since the CNBC airing, dozens of more companies are jumping on the tax cut bandwagon.
As reported by Fox Business News, to name just a few;
AT&T Inc. and Comcast Corp. said they would pay a $1,000 bonus to most of their U.S. workers, more than 300,000 people combined. The president signed the tax legislation on Friday.
Other banks have also announced pay increases since the tax bill passed Congress. Wells Fargo & Co. (WFC), PNC Financial Services Group Inc., BB&T Corp. and Fifth Third Bancorp said they would raise their minimum wage to $15 an hour. Bank of America already pays its employees that minimum wage. Some of those banks are also paying certain employees a one-time bonus similar to Bank of America’s.