Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Trump Adviser Struggles To Defend Tax Plan (VIDEO)
Posted
September 29, 2017
Views
154,747
Likes
2,906
Comments
580
Engagement
2.25%
September 29, 2017
154,747
2,906
580
2.25%
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14:02Now PlayingGary Cohn squirms when George Stephanopoulos asks him some simple questions about Trump’s tax reform plan. Ana Kasparian, Nomiki Konst, and Jayar Jackson, the hosts of The Young Turks, break it down. Tell us what you think in the comment section below. Join TYT
“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."
"A typical family of four earning $55,000 in America today is going to have a substantial tax decrease," he said, adding that its taxes would decrease by $650 to $1,000. "Everything we have done in this tax plan is to solve for the middle class."
Trump unveiled his administration's plan Wednesday during a speech in Indianapolis. He announced tax cuts for businesses and individuals and said the plan has the potential to deliver a "middle-class miracle."
His proposal would lower the corporate tax rate from 35 percent to 20 percent and reduce the top individual tax rate from 39.6 percent to 35 percent. The plan would repeal the estate tax, double the size of standard deductions for married couples and individuals and expand child tax credits.
"The biggest winners will be the everyday American workers as jobs start pouring into our country, as companies start competing for American labor and as wages start going up at levels that you haven't seen in many years," Trump said.”
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Hosts: Ana Kasparian, Nomiki Konst, Jayar Jackson
Cast: Ana Kasparian, Nomiki Konst, Jayar Jackson
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Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. Young person who rebels against authority or societal expectations. (American Heritage Dictionary)
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