Instant Alert: Gary Cohn 'can't guarantee' Trump's tax plan will lower taxes for middle class

Posted On // Leave a Comment

Your Message Subject or Title

  MANAGE SUBSCRIPTIONS   |   UNSUBSCRIBE   |   VIEW ONLINE
 
 
 
 
 

Gary Cohn 'can't guarantee' Trump's tax plan will lower taxes for middle class

by Mark Abadi on Sep 28, 2017, 2:17 PM

Advertisement

Gary Cohn, the chief White House economic adviser, said Thursday that he "can't guarantee" middle-income families won't pay more in taxes under the new Republican tax proposal.

"I can't guarantee anything. You can always find a unique family somewhere," Cohn told ABC's George Stephanopoulos in an interview that aired Thursday morning. Cohn said the tax proposal was "purely aimed at middle-class families."

Key details of the plan have yet to be ironed out, but some experts have said that under the plan, wealthier Americans can expect larger tax cuts than middle- and lower-class Americans. A New York Times assessment of the tax plan concluded that President Donald Trump would likely have his taxes slashed, while lower-income Americans who don't pay federal income tax would not see any benefits, and some middle-class families could actually see their taxes increase.

Cohn initially seemed to dodge a question about whether he could guarantee Trump would not benefit financially from his tax plan.

"George, when we've looked at the tax plan and we've looked at what it does for Americans, we are very confident that Americans are getting a great deal here," Cohn said. "We have designed a tax plan that is a stimulant for the economy where we are giving tax cuts to middle- and lower-class Americans."

After Stephanopoulos pressed Cohn, the economic adviser then insisted: "The wealthy are not getting a tax cut under our plan."

Watch part of the interview below:

 

SEE ALSO: IT'S HERE: All the details of Trump's massive tax plan

DON'T MISS: Trump's tax plan would actually raise the lowest tax rate — but there's a catch


 
Share the latest business news with your network:

Facebook Share Twitter Share Email Share
  

Email sent to:   |   Manage your email preferences   |   Unsubscribe

Terms of Service   |   Privacy Policy

Business Insider. 150 Fifth Avenue, New York, NY 10011
Sailthru

0 comments:

Post a Comment