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The GOP tax plan isn’t even a good try at trickle-down economics





White House chief economic adviser Gary Cohn speaks during a press briefing at the White House in Washington, U.S., September 28, 2017. REUTERS/Yuri Gripas

  • Top economic adviser Gary Cohn says the GOP tax plan going to have “trickle-down” benefits to middle-class Americans.
  • But even if you were trying to design a trickle-down plan, this one fails.

“The most excited group out there are big CEOs, about our tax plan,” says ex-Goldman Sachs President Gary Cohn, who runs the National Economic Council in the Trump White House, in an interview with CNBC’s John Harwood.

Of course they’re excited: The plan offers big tax cuts on business profits. But Cohn says regular people should be excited about the plan, too, because the benefits from business read more >>>

Source:: BusinessInsider.Com

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