President Trump's top economic adviser, Gary Cohn, said Thursday that he "can't guarantee" that middle-class Americans will avoid higher taxes under Republicans' recently unveiled tax reform plan. "You can always find a unique family somewhere," he told George Stephanopoulos on Good Morning America. The GOP plan — which proposes shrinking the seven tax brackets down to three at 12 percent, 25 percent, and 35 percent — is being promoted as a win for the middle class because it will also double the standard deduction for all taxpayers. Still, the proposal would raise taxes for low-income Americans and lower them for the wealthiest Americans. "A typical family earning $100,000 with two children ... they can expect a tax cut of about $1,000," Cohn told reporters. "That's where we're headed."

Scroll for 5 things you
need to know now