Two Bankers Are Selling Trump’s Tax Plan. Is Congress Buying?

The New York Times (08/28/2017)
  • Trump has delegated tax reform to advisors Gary Cohn (Nat’l Economic Council) and Steve Mnuchin (Treasury).
  • Cohn brashly challenges conservative policymakers understanding of tax reform in contrast to Mnuchin inviting constructive dialogue.
  • Initial goals of lowering the top corporate and personal income tax rates to 15% and 35% are probably unrealistic.
  • Some scoff at the ultimate success of this approach since neither have reached out to congressional democrats; major tax reform has never passed without support on both sides.