Companies have been working overtime trying to provide the Trump tax scam a public relations boost with token bonuses and so on, but one company exposed that sham having a large assist from Donald Trump and team.
On Thursday morning, Trump touted Walmart as an example of “Great news as a result of our TAX CUTS & JOBS ACT!”
At the White House daily briefing a few hours later, Treasury Secretary Steve Mnuchin echoed Trump’s comments:
MNUCHIN: I’d also like to highlight the announcement this morning from Walmart. We want to thank them. They will be increasing their minimum wages, issuing bonuses, and expanding family leave benefits for over a million employees.
But Walmart announced, just hours before the briefing, that it’s going to be closing 63 of its Sam’s Club stores and laying off thousands of workers.
Mnuchin was asked why the Trump administration deserves credit for the earlier announcement, although not the layoffs. Mnuchin danced around the question, before eventually settling on a Fairly dismal answer:
MNUCHIN: What I’m saying is that the administration’s economic policies are a function of what we see, growth in investment. Different companies will do different things. Some companies will invest capital. Some companies will return money to workers. Lots of things are going on in the economy, and we appreciate what Walmart’s doing.
Press secretary Sarah Huckabee Sanders was later pressed on the layoffs several times, also refused to comment, instantly pivoting into the White House talking points praising Walmart for increasing its own wages.
The fact is that while companies are publicly crediting the GOP tax scam for short-term, one third advantages to some workers, layoffs like those by Walmart have lasted, and job growth beneath Trump is at a low.
Some companies are doing everything they can to make the tax scam look great, but this Walmart debacle is the best illustration of the way the bill really rewards wealthy businesses and rips off people such as those being laid off.