Cohn was repeatedly pushed to acknowledge that Trump would receive a massive tax break under the plan, but repeatedly refused to answer.
Speaking on CNBC, National Economic Council Director Gary Cohn said Trump and GOP leaders believe the package will "drive a lot of business back to America" and predicted an economic growth rate of "substantially over 3%" due in part to tax reform. "You can always find a unique family somewhere".
'Our framework includes our explicit commitment that tax reform will protect low-income and middle-income households'.
Stephanopoulos pointed to USA Today's front page, which blared "Trump could reap millions in tax plan", specifically through the lowering of the top income tax rate, the elimination of the alternative minimum tax, the lowering of the pass through tax, and, for the Trump family, the elimination of the estate tax. Cohn, who is Jewish, was so upset that he considered resigning, according to news reports. "The amount of impact we can have on the USA economy and U.S. citizens and changing the forward outlook of the United States, this is a once-in-a-lifetime opportunity, and I would never miss this", Cohn said Thursday.
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Pressed on whether Trump himself could see a tax cut under the plan, Cohn told ABC's "Good Morning America" that the administration is "very confident that Americans are getting a great deal here".
It saved New Yorkers a combined $63 billion in 2014, as well as $19 billion in Pennsylvania and $18 billion for MA taxpayers, the Los Angeles Times reported. "We have designed a tax plan that is a stimulant for the economy where we are giving tax cuts to middle- and lower-class Americans".
Trump has toured the country in recent weeks boosting a tax proposal that is sparse on details.
"I would challenge it as double taxation". But he acknowledged that "it depends which state you live in".