Cramer: GOP tax cuts good for stocks, but maybe not American workers

CNBC| Mon Dec 04 07:00:12 EST 2017
The GOP's tax bill is excellent for the stock market, but perhaps not as good for U.S. workers, CNBC's Jim Cramer said Monday. During the bill's creation, a criticism of the proposal was that it massively benefited corporations and the wealthy while having mixed results for others. When asked, Cramer agreed Monday that the bill is for people who have capital. "I said on Friday that it may not be good for the workers, but boy is it good for the stock market," he said on "Squawk on the Street." "It's funny because the president tweets about the stock market and then delivers a bill that's good for the stock market," Cramer added. President Donald Trump praised the Senate for passing "tremendou..

Related Articles

The GOP's tax bill is excellent for the stock market, but perhaps not as good for U.S. workers, CNBC's Jim Cramer said Monday. During the bill's creation, a criticism of the propos....
CNBC| Mon Dec 04 07:00:12 EST 2017
While hoping a GOP tax overhaul becomes law, Ken Langone told CNBC on Monday the only way to really get America's financial house in order is to cut the federal debt. The billionai....
CNBC| Mon Dec 04 07:00:12 EST 2017
In this Nov. 29, 2017, photo, President Donald Trump speaks about tax reform in St. Charles, Mo, last Wednesday. Tech firms remained largely quiet this week about the tax bill and ....
SFGate| Mon Dec 04 16:11:06 EST 2017
Republican senators brushed off concerns about the tax bill's impact on the national debt and discussed the corporate tax rate on Dec. 3, as the legislation heads to conference. (J....
The Washington Post| Sun Dec 03 13:00:07 EST 2017
The Senate and the House seek to achieve a sweeping overhaul of the nation's tax code but go about it in different ways. With the Senate bill passed Saturday and the House bill pas....
Pos Bulletin| Sat Dec 02 22:09:26 EST 2017
DUBAI, Dec 4 (Reuters) - Here are some factors that may affect Middle East stock markets on Monday. Reuters has not verified the press reports and does not vouch for their accuracy....
Reuters| Sun Dec 03 19:05:51 EST 2017
___ $69B Aetna bid pushes CVS deeper into consumers' lives CVS Health says its $69-billion acquisition of the insurer Aetna will help create a customer "front door" to health care ....
ABC News| Mon Dec 04 16:39:06 EST 2017
Republicans will try Monday to urgently reconcile the tax overhaul bills they passed in the House and Senate, entering a delicate period where they have to retain the support of th....
The Washington Post| Mon Dec 04 07:55:05 EST 2017
SYDNEY (Reuters) - The U.S. dollar bounced to a two-week top on Monday and S&P futures rallied as traders marked the passage of a Senate tax bill over the weekend, a move that ....
Reuters| Sun Dec 03 16:45:00 EST 2017
Congressional Republicans began taking steps Monday to reconcile differences between separate tax bills that passed the House and the Senate, hoping to complete negotiations and se....
The Washington Post| Mon Dec 04 16:32:13 EST 2017
NEW YORK (Reuters) - Wall Street pulled back on Tuesday as a technology stock rebound lost steam and enthusiasm from a tax-cut proposal waned, while copper prices fell steeply to t....
Reuters| Mon Dec 04 16:00:04 EST 2017
FILE - In this Tuesday, Feb. 9, 2016, file photo, a trader works at the New York Stock Exchange. Stocks are opening solidly higher on Wall Street, Monday, Dec. 4, 2017, following m....
Pos Bulletin| Mon Dec 04 10:57:47 EST 2017
NEW YORK (Reuters) - Global stock markets rose on Monday, along with the dollar and Treasury yields, after a major U.S. tax overhaul cleared an important hurdle. U.S. Dollar bankno....
Reuters| Mon Dec 04 07:07:08 EST 2017
NEW YORK (AP) — Stock indexes didn't do much at first glance on Monday, but the modest move for the Standard & Poor's 500 masked some dramatic changes roiling underneath the su....
Pos Bulletin| Mon Dec 04 13:12:43 EST 2017
NEW YORK (Reuters) - U.S. stock futures opened higher on Sunday after the U.S. Senate approved a tax overhaul bill early Saturday. S&P 500 e-minis EScv1 were up about 0.6 perce....
Reuters| Sun Dec 03 16:06:01 EST 2017
NEW YORK (Reuters) - U.S. stock futures opened higher on Sunday after the U.S. Senate approved a tax overhaul bill early Saturday. S&P 500 e-minis EScv1 were up about 0.6 perce....
Reuters| Sun Dec 03 16:48:54 EST 2017
BRUSSELS (Reuters) - European Union finance ministers will discuss on Tuesday a planned reform of taxes in the United States that European officials said could affect EU business a....
Reuters| Mon Dec 04 07:16:35 EST 2017
NEW YORK (Reuters) - U.S. stock futures opened higher on Sunday after the U.S. Senate approved a tax overhaul bill early Saturday. S&P 500 e-minis EScv1 were up about 0.6 perce....
Reuters| Sun Dec 03 13:34:53 EST 2017
Stock indexes didn't do much at first glance Monday, but the modest move for the Standard & Poor's 500 masked some dramatic changes roiling underneath the surface. Telecom stoc....
Los Angeles Times| Mon Dec 04 13:01:29 EST 2017
WASHINGTON (Reuters) - The alternative minimum tax on corporations, which had been included in the U.S. Senate’s tax bill, should be eliminated in the final legislation, Kevin McCa....
Reuters| Mon Dec 04 07:07:20 EST 2017
WASHINGTON — President Donald Trump has touted his tax overhaul as a once-in-a-generation opportunity. Yet the plan Senate Republicans have embraced could force lawmakers to rewrit....
mySanAntonio.com| Mon Dec 04 10:01:49 EST 2017
Add Republican Party as an interest to stay up to date on the latest Republican Party news, video, and analysis from ABC News. President Donald Trump has touted his tax overhaul as....
ABC News| Mon Dec 04 07:24:41 EST 2017
LONDON, Dec 4 (Reuters) - Emerging equities rose from two-week lows on Monday helped by a key growth-boosting U.S. tax overhaul, but currencies fell against the stronger dollar, le....
Reuters| Mon Dec 04 01:04:25 EST 2017
JERUSALEM (Reuters) - Israel may have to make adjustments to its corporate tax rate, Finance Minister Moshe Kahlon said on Saturday in response to a tax slash approved by the U.S. ....
Reuters| Sun Dec 03 10:00:03 EST 2017
WASHINGTON (AP) — President Donald Trump suggested Saturday he may be willing to negotiate changes to a significant portion of the tax overhaul, the corporate tax rate, injecting a....
Pos Bulletin| Sat Dec 02 19:07:05 EST 2017
WASHINGTON (AP) — President Donald Trump has suggested that he may be willing to negotiate changes to a significant portion of the tax overhaul, the corporate tax rate, injecting a....
Pos Bulletin| Sun Dec 03 01:04:48 EST 2017
The Dow Jones industrial average reached a record high on Monday, with banks and retailers surging and technology companies falling as investors realigned their portfolios in hopes....
The Washington Post| Mon Dec 04 16:32:12 EST 2017
(Refiles to fix link) To access the newsletter, click on the link: here If you would like to receive this newsletter via email, please register at: here FACTORS TO WATCH 6:00 pm: E....
Reuters| Sun Dec 03 22:13:16 EST 2017
To access the newsletter, click on the link: here If you would like to receive this newsletter via email, please register at: here FACTORS TO WATCH 6:00 pm: Economic Advisory Counc....
Reuters| Sun Dec 03 19:05:50 EST 2017
Several foreign airlines that are in heated competition with U.S.-based carriers will not be forced pay higher taxes under the Senate tax bill that was approved over the weekend. A....
Los Angeles Times| Mon Dec 04 13:01:28 EST 2017
As 2017 draws to an end and a new tax law looks like a real possibility, now is the time to think about some financial planning. The GOP tax plan's centerpieces are to simplify the....
CBS News| Mon Dec 04 01:00:30 EST 2017
SYDNEY (Reuters) - Australia’s competition regulator said on Monday it would investigate whether U.S. online giants Facebook and Alphabet Inc’s Google has disrupted the news media ....
Reuters| Sun Dec 03 19:05:50 EST 2017
WASHINGTON (AP) — When did Republicans stop worrying and learn to love budget deficits? Over the next decade, their tax plan would add at least $1 trillion to the national debt. Th....
Pos Bulletin| Sat Dec 02 19:07:06 EST 2017
The surprising results of the 2016 election have been explained, in part, as a story of economic malaise. But a year after that election, the divergence between red and blue states....
CBS News| Mon Dec 04 01:00:21 EST 2017
LONDON (Reuters) - Bitcoin dipped back under $11,000 on Monday, coming off a record high just shy of $11,800 it hit on Sunday after a surge from less than $1,000 at the start of th....
Reuters| Mon Dec 04 04:00:03 EST 2017
From becoming a legal currency in Japan to being vulnerable to hacks, here are five things to know about bitcoin. (Amber Ferguson/The Washington Post) Bitcoin has been giving the R....
The Washington Post| Mon Dec 04 16:32:13 EST 2017
Restaurants could soon require waiters, bartenders and delivery drivers to split tips with their co-workers or even managers if a proposed rule from the Department of Labor ta....
The Washington Post| Mon Dec 04 16:32:11 EST 2017
This week, Senator Orrin Hatch (R-UT) helped push a tax bill through the Senate that will cost about $1 trillion. At the same time, he lamented the difficulties of finding the mone....
CNBC| Mon Dec 04 04:44:23 EST 2017

You May Also Like To Read

LONDON (Reuters) - The dollar jumped on Monday versus the currencies of other developed and emerging nations while Treasury yields rose and Wall Street was primed for a another rec....
Reuters| Mon Dec 04 01:04:26 EST 2017
(Reuters) - Wall Street was set to start the week on a bright note after the U.S. Senate passed its version of a tax overhaul bill, bringing closer to reality President Donald Trum....
Reuters| Mon Dec 04 04:00:03 EST 2017
* Euro zone yields up 3-4 bps as US tax plan finally passes * Portugal’s Centeno picked as new chair of eurozone fin mins * Report links EONIA price jump to Greek bank lending * Eu....
Reuters| Mon Dec 04 07:16:34 EST 2017
I'm Business columnist David Lazarus, and here's a rundown of upcoming stories this week and the highlights of last week. Traffic, a subject near and dear to all our hearts, took c....
Los Angeles Times| Mon Dec 04 04:01:47 EST 2017
Stocks were mixed Monday as Republicans in Congress made progress on a bill to overhaul the nation's tax code. The Standard & Poor's 500 index rose 8 points, or 0.3 percent, to....
CBS News| Mon Dec 04 10:00:43 EST 2017
From left, Rep. Richard E. Neal (D-Mass.), the ranking Democrat on the House Ways and Means Committee; Sen. Ron Wyden (D-Ore.), the ranking Democrat on the Senate Finance....
The Washington Post| Sun Dec 03 13:00:10 EST 2017
Treasury Secretary Steven Mnuchin, right, and his wife Louise Linton, hold up a sheet of new $1 bills, Nov. 15 at the Bureau of Engraving and Printing (BEP) in Washington. The imag....
The Washington Post| Mon Dec 04 07:55:05 EST 2017
FILE - In this Tuesday, Feb. 9, 2016, file photo, a trader works at the New York Stock Exchange. Stocks are opening solidly higher on Wall Street, Monday, Dec. 4, 2017, following m....
Pos Bulletin| Mon Dec 04 07:10:51 EST 2017
(Reuters) - Shares of the biggest U.S. banks were higher after the Senate approved a tax overhaul bill on Saturday, which will provide significant tax cuts for businesses. JPMorgan....
Reuters| Mon Dec 04 04:00:03 EST 2017
WASHINGTON (AP) — Testing the resolve of Democrats, Senate Majority Leader Mitch McConnell declared Sunday there won't be a government shutdown this week over the question of prote....
Pos Bulletin| Sun Dec 03 10:30:09 EST 2017
Stocks surged early Monday, buoyed by progress on a bill to overhaul the nation's tax code, but faded later in the trading session. The Standard & Poor's 500 index fell 3 point....
CBS News| Mon Dec 04 13:00:50 EST 2017
Here are the biggest sticking points they need to resolve while making sure the legislation does not reduce revenues by more than $1.5 trillion over the next decade or, under Senat....
Los Angeles Times| Mon Dec 04 10:01:15 EST 2017
NEW YORK (Reuters) - A Democratic U.S. senator wants to free the biggest U.S. lenders from having to hold capital against certain assets held at central banks, according to a docum....
Reuters| Mon Dec 04 10:51:01 EST 2017
* Bank and industrial stocks among biggest premarket gainers * Aetna rises after CVS agrees to buy co for $69 bln * General Cable jumps after Prysmian’s deal to buy company * Futur....
Reuters| Mon Dec 04 04:14:38 EST 2017
* Banks win, tech stocks lose * Aetna down after CVS agrees to buy co for $69 bln * Media stocks rise on deal talk * Indexes: Dow up 0.65 pct, S&P up 0.37 pct, Nasdaq off 0.34 ....
Reuters| Mon Dec 04 10:08:14 EST 2017
(Reuters) - Wall Street’s main indexes surged at the opening on Monday after the U.S. Senate passed its version of a tax overhaul bill, bringing closer to reality President Donald ....
Reuters| Mon Dec 04 04:07:02 EST 2017
Dec 4 (Reuters) - Wall Street’s main indexes surged at the opening on Monday after the U.S. Senate passed its version of a tax overhaul bill, bringing closer to reality President D....
Reuters| Mon Dec 04 04:47:14 EST 2017
WASHINGTON (Reuters) - The alternative minimum tax on corporations, which had been included in the U.S. Senate’s tax bill, should be eliminated in the final legislation, Kevin McCa....
Reuters| Mon Dec 04 07:00:03 EST 2017
WASHINGTON (Reuters) - The alternative minimum tax on corporations, which had been included in the U.S. Senate’s tax bill, should be eliminated in the final legislation, Kevin McCa....
Reuters| Mon Dec 04 04:00:03 EST 2017