Tags: us | tax overhaul | middle class | tax reform | gary cohn

Trump Adviser Calls $5.8T Tax Cut 'a Great Deal'

Image: Trump Adviser Calls $5.8T Tax Cut 'a Great Deal'

Thursday, 28 September 2017 07:50 AM

President Donald Trump's White House economics adviser is asserting that the administration's proposed tax cut is "purely aimed at middle class families."

Gary Cohn says in a nationally broadcast interview that a hypothetical family of four should have "a substantial tax decrease."

Pressed on this point in an appearance Thursday on ABC's "Good Morning America," Cohn estimated the tax relief for such a family should be in the range of $650 to $1,000. "We've doubled the amount of income that people can keep in the zero tax rate," Cohn said.

He also argued that "the wealthy are not getting a tax cut under our plan." Cohn demurred on questions about how much Trump would benefit by the proposed change to the U.S. Tax Code, but said "we are very confident that Americans are getting a great deal."

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President Donald Trump's White House economics adviser is asserting that the administration's proposed tax cut is "purely aimed at middle class families."
us, tax overhaul, middle class, tax reform, gary cohn
137
2017-50-28
Thursday, 28 September 2017 07:50 AM
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