They say that the definition of a "Gaffe" in Washington is when someone accidentally states the Truth.


Gary Cohn: ‘The Most Excited Group Out There Are Big CEOs, About Our Tax Plan’

White House economic adviser Gary Cohn nearly quit the administration over President Trump’s equivocations about a Nazi rally in Charlottesville, and then was denied his dream of becoming the chairman of the Federal Reserve. Now all that remains of his political dreams is a gigantic tax cut for owners of capital. But Cohn is not necessarily the most skilled messenger for this agenda, either. Having spent his career communicating to other extremely wealthy people, he seems to be at sea at the task of pretending this agenda is actually aimed at average working people, which is the essential skill set of Republican politicians.

In a new interview with John Harwood, Cohn is forced into a series of admissions he probably should not be making. He concedes the White House is not, on the whole, a fine-tuned machine:

"When you take a corporate tax rate at 35% and move it to 20%, and you see what’s happened over the last two decades to businesses migrating out of the United States, migrating profits out of the United States, migrating domicile out of the United States, and hiring workers out of the United States, it’s hard for me to not imagine that they’re not going to bring businesses back to the United States. We create wage inflation, which means the workers get paid more, the workers have more disposable income, the workers spend more. And we see the whole trickle-down through the economy, and that’s good for the economy."

Perhaps not unrelated, Cohn identifies the single group of Americans who are most enthusiastic about his plan:

GARY COHN: The most excited group out there are big CEOs, about our tax plan.


http://nymag.com/daily/intelligencer/2017/11/cohn-big-ceos-most-excited-group-about-trump-tax-plan.html

Last edited by Goose (11/09/2017 11:48 am)