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Trump adviser 'can't guarantee' taxes won't go up for middle class
President Donald Trump's top economic adviser, Gary Cohn, said today that he can't guarantee that taxes won't go up for some middle-class families under the administration's sweeping tax overhaul.
"There's an exception to every rule," Cohn told ABC News chief anchor George Stephanopoulos in an interview on "Good Morning America."
"I can't guarantee anything," said Cohn, the director of the White House Economic Council. "You can always find a unique family somewhere."
He said Trump's plan is "purely aimed at middle-class families." But Cohn acknowledged that "it depends which state you live in."
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Swell !
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My SALT deduction last year was over $17,000.00.
I don't think the lowered rates (which may or may not apply) and higher personal exemption/standard deduction will make up that difference.
i'm going to invest in some K-4.
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Looks like any gain I get from decreased rates will be erased by the loss of deductions.
But, corporate rates will go down.
Awesome.
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