Watch Trump's top economic adviser learn firsthand that CEOs won't react to tax cuts as Republicans hope

Gary Cohn at a WSJ CEO summit
(Image credit: screenshot/Twitter/WSJ)

At a Wall Street Journal CEO Council forum on Tuesday, John Bussey, a WSJ associate editor, asked the gathered top executives to raise their hands if they planned to use the huge corporate tax cut hurtling through Congress to increase capital investment, a key selling point for the tax bills from the White House and congressional Republicans. Almost no hands went up. "Why aren't the other hands up?" asked President Trump's top economic adviser, Gary Cohn, sitting on stage. Gerard Baker, WSJ editor-in-chief, echoed the question.

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Peter Weber, The Week US

Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.