Posted on 04/16/2017 3:57:39 PM PDT by Pinkbell
In a White House marked by infighting, top economic aide Gary Cohn, a Democrat and former Goldman Sachs banker, is muscling aside some of President Donald Trump's hard-right advisers to push more moderate, business-friendly economic policies.
Cohn, 56, did not work on Republican Trump's campaign and only got to know him after the November election, but he has emerged as one of the administration's most powerful players in an ascent that rankles conservatives.
Trump refers to his director of the National Economic Council (NEC), as "one of my geniuses," according to one source close to Cohn.
More than half a dozen sources on Wall Street and in the White House said Cohn has gained the upper hand over Trump's chief strategist, Steve Bannon, the former head of the right-wing website Breitbart News and a champion of protectionist trade opposed by moderate Republicans and many big companies.
Cohn is a key administration link to business executives and White House sources say he will lead the charge for Trump on top domestic priorities such as tax reform, infrastructure and deregulation.
"Gary's singular focus is tax reform and he's working to try and get that done in 2017," said Orin Snyder, a partner at law firm Gibson Dunn and a long-time friend of Cohn.
"He is working to implement the president's twin goals of economic growth and job creation. The tax plan will also include a reduction in the corporate rate, but also tax relief for middle- and low-income Americans."
Some conservatives fear Cohn may push through a tax plan that is unnecessarily complicated and argue that including tax relief for middle- and low-income Americans would not spur economic growth as much as cuts focused entirely or mostly on businesses and entrepreneurs.
(Excerpt) Read more at msn.com ...
What happened? The Congress uses static analysis of the budget. There was no way to “justify” the deep tax cuts because there was nothing to “counter” them. In other words, if you cut taxes a trillion, you have to cut government a trillion or raise other taxes a trillion. There was no allowance for the Lauffer Curve and dynamic analysis.
How was this going to be addressed? Ryancare, for all the idiocy it had, showed on paper it would “save” $1.5 trillion over 10 years. The Trump Administration was going to front load that savings to offset the $1.5 trillion in tax cuts and military spending increases. We didn't get that “trump card” to smooth over the static analysis concerns, so we don't get Congress to move forward with other positive changes.
With Ryancare, Trump could use the embedded executive authority to make it a lot more like how we all wanted it, but the Freedom Caucus didn't like that the next president could undo these things just as quick. But if the economy took off like gangbusters, the tax revenue would have been so much higher than expected (again, the dynamic analysis shows this would happen) and Ryancare could be ended early, because more people would have employer insurance and fewer would need Ryancare. This would allow Stage 3 to happen with little impact. But we don't expect to see that, now.
Because the dominoes were not allowed to fall where Trump could leverage them.
He had some great people advising him during his campaign. I wish he would have brought those people in and people who agreed with him more as opposed to some establishment types.
Jimmy Fallon played prince kush on SNL...entered to the song Unbelievable wearing his Iraqi model look.
Bannon dressed as Death entered in to death music.
This is getting old. Every day, several pieces about Trump being influenced by liberal Democrat policy makers. Either it is or it isn’t happening. Either Trump is a know nothing limp noodle or these are lies. Either these are lies aimed at demoralizing and discouraging his base in light of special elections or they are true and Trump is headed for a whopping loss. What he has done has been good. What these journos say he will do not so good. I am sick of the stories and time will tell. Just stop writing and posting. It is what it is.
If these rumors are true trump will be a one term FAILED POTUS.
Junk on both counts.
This whole article is pure poop.
What in-fighting?
Not. What. I. Voted. For.
Every tax reform we’ve had including Reagan’s removed more people from the tax rolls and to the gimme side of the electorate.
Really? Then what is this guy Cohn even doing there?
“He wants to bring in Wall Street lawyer Jay Clayton. Once again, I would prefer to trust Carl Icahn who was there from the beginning.”
I agree.
Also, if memory serves, many here told us not to bellyache about Bannon getting marginalized because Jared was there from the beginning, and Bannon was a Johnny-come-lately. Therefore JK gaining the upper hand is all well and good.
Wonder what these same people will say now that Ichan’s judgement doesn’t seem to carry the weight as us once did.
“Governments don’t rule the world, Goldman Sachs rules the world.” - Alessio Rastani.
The President has already kept the most important promise in my support for his candidacy. In fact, he has added some cherries on top of his SCOTUS pick already. If he picks from the same list when Ruth Buzzie dies, I may die from exhilaration.
On EVERYTHING else, I expected him to negotiate from the right and do his best to turn the ship. I expect he will continue to exceed my already exceeded expectations.
We are 100 days into his first term, and the corporate media has changed tactics to demoralize Trump supporters as the Red Scare fake news push backfired and exposed the Obama spying on Trump. The new tactic is to convince Trump supporters that he has joined the mainstream and abandoned his principles based on leaked reports from RINOs in his administration and Congress. Roger Stone gave an interview on NBC recently with Chuck Todd, where he said Trump was his own man and no subordinate is going to change his mind on what he wants to do and he will fire people if they are not accomplishing what he wants. Roger Stone was let go during the campaign and has been Trumps friend for a long time, so he has a good read on him.
Don’t let the corporate media demoralize you with assistance from embedded RINOs, as that is there only hope.
Trump does what he thinks will be best for Americans and Businesses and he's a lot better at it than anyone else for a long time.
He’s negotiated from the left so far—with Obamacare 2.0 and brought in liberal Democrats as his top policy advisors. Does that really exceed your expectations?
Not. What. I. Voted. For.
Not the way you describe it. Patience grasshopper.
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