Cohn Says “Wealthy Are Not Getting a Tax Cut Under” Trump Tax Reform Plan

Cohn Says “Wealthy Are Not Getting a Tax Cut Under” Trump Tax Reform Plan

A top economic aide to President Trump on Thursday downplayed suggestions that the president will benefit from a tax cut plan under his latest proposal for tax reform, saying that the wealthiest Americans will not see a drop in taxes under the plan.

Gary Cohn added that the Trump Administrations reform package benefits the middle class more than the wealthy.

“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 Thursday morning during an interview with “Good Morning America.” “We have also said that wealthy Americans are not getting a tax cut.”

Cohn added that “everyday, hardworking Americans” would see the most benefit from the tax proposal.

“We have designed a tax plan that is stimulant to the economy, we are giving tax cuts to middle and lower-income Americans,” Cohn said. “We want everyday hardworking Americans to have more money in their paycheck.”

via The Hill

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