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National Economic Director Gary Cohn during a briefing at the White House in Washington, DC. (Photo: Mark Wilson/Getty Images)
Though President Donald Trump's top economic advisor Gary Cohn previously said he felt "enormous pressure" to resign his position from the administration after the president's disastrous equivocating on white supremacy and racism in the wake of a violent protest by neo-nazis in Charlottesville, Virginia earlier this year, he made clear at a Thursday press conference why he ultimately opted to stay for a very specific purpose: a chance to give massive tax cuts to the nation's corporations and wealthy.
"Why am I here?" Cohn said in response to a question by the New York Times' Jeff Zeleny. "I am here just for this reason. Think about the opportunity I'm involved in with President Trump, being able to rewrite the tax code - something that hasn't been done in thirty-one years... This is a once in a lifetime opportunity and I would never miss this."
Watch:
As analysis after analysis has shown, the outline of the tax reform put forth by the White House is undeniably and specifically geared toward giving the nation's wealthiest corporations and families tax cuts at the expense of social service programs that will inevitably be targeted in the face of dwindling revenues those giveways will create in the years and decades ahead.
And though Cohn himself said he struggled in the wake of Charlottesville--and reports indicated he even drafted a resignation letter--his comments on Thursday make it pretty clear that nothing remains more important to him than the chance to give massive tax relief to the Americans who deserve and need it least: the filthy rich like his former colleagues at Goldman Sachs and his new billionaire boss at the White House.
Dear Common Dreams reader, It’s been nearly 30 years since I co-founded Common Dreams with my late wife, Lina Newhouser. We had the radical notion that journalism should serve the public good, not corporate profits. It was clear to us from the outset what it would take to build such a project. No paid advertisements. No corporate sponsors. No millionaire publisher telling us what to think or do. Many people said we wouldn't last a year, but we proved those doubters wrong. Together with a tremendous team of journalists and dedicated staff, we built an independent media outlet free from the constraints of profits and corporate control. Our mission has always been simple: To inform. To inspire. To ignite change for the common good. Building Common Dreams was not easy. Our survival was never guaranteed. When you take on the most powerful forces—Wall Street greed, fossil fuel industry destruction, Big Tech lobbyists, and uber-rich oligarchs who have spent billions upon billions rigging the economy and democracy in their favor—the only bulwark you have is supporters who believe in your work. But here’s the urgent message from me today. It's never been this bad out there. And it's never been this hard to keep us going. At the very moment Common Dreams is most needed, the threats we face are intensifying. We need your support now more than ever. We don't accept corporate advertising and never will. We don't have a paywall because we don't think people should be blocked from critical news based on their ability to pay. Everything we do is funded by the donations of readers like you. When everyone does the little they can afford, we are strong. But if that support retreats or dries up, so do we. Will you donate now to make sure Common Dreams not only survives but thrives? —Craig Brown, Co-founder |
Though President Donald Trump's top economic advisor Gary Cohn previously said he felt "enormous pressure" to resign his position from the administration after the president's disastrous equivocating on white supremacy and racism in the wake of a violent protest by neo-nazis in Charlottesville, Virginia earlier this year, he made clear at a Thursday press conference why he ultimately opted to stay for a very specific purpose: a chance to give massive tax cuts to the nation's corporations and wealthy.
"Why am I here?" Cohn said in response to a question by the New York Times' Jeff Zeleny. "I am here just for this reason. Think about the opportunity I'm involved in with President Trump, being able to rewrite the tax code - something that hasn't been done in thirty-one years... This is a once in a lifetime opportunity and I would never miss this."
Watch:
As analysis after analysis has shown, the outline of the tax reform put forth by the White House is undeniably and specifically geared toward giving the nation's wealthiest corporations and families tax cuts at the expense of social service programs that will inevitably be targeted in the face of dwindling revenues those giveways will create in the years and decades ahead.
And though Cohn himself said he struggled in the wake of Charlottesville--and reports indicated he even drafted a resignation letter--his comments on Thursday make it pretty clear that nothing remains more important to him than the chance to give massive tax relief to the Americans who deserve and need it least: the filthy rich like his former colleagues at Goldman Sachs and his new billionaire boss at the White House.
Though President Donald Trump's top economic advisor Gary Cohn previously said he felt "enormous pressure" to resign his position from the administration after the president's disastrous equivocating on white supremacy and racism in the wake of a violent protest by neo-nazis in Charlottesville, Virginia earlier this year, he made clear at a Thursday press conference why he ultimately opted to stay for a very specific purpose: a chance to give massive tax cuts to the nation's corporations and wealthy.
"Why am I here?" Cohn said in response to a question by the New York Times' Jeff Zeleny. "I am here just for this reason. Think about the opportunity I'm involved in with President Trump, being able to rewrite the tax code - something that hasn't been done in thirty-one years... This is a once in a lifetime opportunity and I would never miss this."
Watch:
As analysis after analysis has shown, the outline of the tax reform put forth by the White House is undeniably and specifically geared toward giving the nation's wealthiest corporations and families tax cuts at the expense of social service programs that will inevitably be targeted in the face of dwindling revenues those giveways will create in the years and decades ahead.
And though Cohn himself said he struggled in the wake of Charlottesville--and reports indicated he even drafted a resignation letter--his comments on Thursday make it pretty clear that nothing remains more important to him than the chance to give massive tax relief to the Americans who deserve and need it least: the filthy rich like his former colleagues at Goldman Sachs and his new billionaire boss at the White House.