Gary Cohn: “I Can’t Guarantee” Taxes Won’t Go Up For The Middle Class

Jon Alternative Media, Blogosphere, Economy, Fiscal Policies, Government

While proclaiming that “the biggest winners will be everyday American workers,” President Trump’s top economic adviser, Gary Cohn told ABC News’ George Stephanopoulos that he can’t guarantee that taxes won’t go up for some middle-class families under the administration’s sweeping tax overhaul.
“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.
Following Matt Drudge’s cries of “betrayal” yesterday, it appears confusion truly reigns as to just who benefits from the so-called ‘greatest tax cuts in the history of the world’ as we know absolutely nothing because the government has yet to release the income brackets (or get close to guessing at just how ‘progressive’ and ‘punitive’ the optional 4th bracket will be).

This post was published at Zero Hedge on Sep 28, 2017.