CNBC host Jim Cramer reacted to a Monday meltdown of stock markets by saying that people who care about their personal finances should “go with Trump.”
The Dow Jones Industrial Average closed down 2.6% Monday, while the S&P 500 dropped by 3% and the NASDAQ fell 3.43% over fears of a recession following a disappointing jobs report released Friday. Cramer and co-host David Faber went back and forth over the reported addition of attorney Tony West, an executive at Uber, to Kamala Harris’s team before Cramer spoke about what people who are concerned about their financial future should do in the upcoming presidential election.
“I know Tony. He’s what I regard as a business person. There was no business person really that close to Biden, except for Gina Raimondo, so this is a nice change of paces,” Cramer said. “A lot of business people surrounding Harris. If you’re — if you’re in the stock market, if you care about your paycheck, you go with — you go with Trump, if that’s what you do.”
WATCH:
Cramer on CNBC: “If you care about your paycheck, you go with Trump.”pic.twitter.com/gMg53zH2ZR
— Daily Caller (@DailyCaller) August 5, 2024
“You do?” Faber asked, with Cramer responding, “He wants to cut your taxes.”
Faber disputed Cramer’s statement that Trump would cut taxes.
“My taxes got raised enormously as you know, under the last Trump administration,” Faber claimed.
“Well no, he wants to cut taxes,” Cramer responded.
Trump signed a $1.5 trillion tax cut into law that included reducing the corporate income tax rate to 21%, doubling the child tax credit to $2,000, and also reducing individual tax rates.
“Republicans will make permanent the provisions of the Trump Tax Cuts and Jobs Act that doubled the standard deduction, expanded the Child Tax Credit, and spurred Economic Growth for all Americans,” a 16-page document on Trump’s campaign website says. “We will eliminate Taxes on Tips for millions of Restaurant and Hospitality Workers and pursue additional Tax Cuts.”
All republished articles must include our logo, our reporter’s byline, and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.
DONATE TO BIZPAC REVIEW
Please help us! If you are fed up with letting radical big tech execs, phony fact-checkers, tyrannical liberals and a lying mainstream media have unprecedented power over your news please consider making a donation to BPR to help us fight them. Now is the time. Truth has never been more critical!
- Police chief who groveled after discussing ‘East African crime’ panders to Somalis again - December 17, 2025
- Ilhan Omar whines about ICE operations in Minneapolis - December 17, 2025
- ‘It’s all bullsh*t’: Tim Walz goes on anti-Second Amendment rant - December 17, 2025
Comment
We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. Thank you for partnering with us to maintain fruitful conversation.
BPR INSIDER COMMENTS
Scroll down for non-member comments or join our insider conversations by becoming a member. We'd love to have you!
