The GOP tax plan isn’t even a good try at trickle-down economics
|11/10/2017||Posted by BusinessMediaguide.Com under General World News||
- 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 >>>