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White House Denies Report on Border Tax Comments By Trump Adviser

Image: White House Denies Report on Border Tax Comments By Trump Adviser

President Donald Trump in Mexico in Septemer during the 2016 campaign. (AP)

By    |   Friday, 24 Feb 2017 04:50 PM

The White House on Friday denied a report that its chief economic adviser told top CEOs the Trump administration does not support the Republican House version of the controversial border adjustment tax.

"There is no daylight between Gary Cohn and the president. His comment was taken out of context as it was part of a broader conversation about the proposals that are connected to border adjustability," the White House said in a statement about the report by Axios.com.

"At no point during this conversation did Gary make a statement of support or opposition to the House border adjustability plan."

Axios reporter Dan Primack said an attendee at a private event hosted by The Business Council in Washington, D.C. told him Cohn made the remark as he was being interviewed by The Carlyle Group CEO David Rubenstein.

The White House refused to make audio of Cohn's comments available to Axios, citing confidentiality.

The report comes a day after Trump told Reuters he supported some of the language in the House plan.

"It could lead to a lot more jobs in the United States," Trump said.

A border adjustment tax would provide tax breaks to companies that export products and remove tax breaks from those that import products.

CNN reports that part of the plan is being criticized by the New York Federal Reserve which argues it would raise prices for American consumers and businesses.

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The White House on Friday denied a report that its chief economic adviser told top CEOs the Trump administration does not support the Republican House version of the controversial border adjustment tax.
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Friday, 24 Feb 2017 04:50 PM
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