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Things that make you go hmmm

Gary Cohn says he 'can't guarantee' GOP tax plan will lower taxes for middle class

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 Republican 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, but it also raises taxes for low-income Americans and lowers 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 Thursday afternoon. "That's where we're headed." Jeva Lange