Former Goldman Sachs COO Gary Cohn faces a big first hurdle as the White House economic adviser as he helps launch an ambitious overhaul of the tax system.
“My No. 1 one priority from now until the end of the year is taxes. My second priority is taxes. And if you’re confused, my third priority is taxes,” Cohn told Bloomberg News in an interview to discuss his efforts on the president’s behalf.
After the push to repeal or replace Obamacare stalled, Trump needs a major legislative win, putting more pressure on the “Group of Six” to deliver for the president.
The group includes Cohn as well as Treasury Secretary Steve Mnuchin, Senate Majority Leader Mitch McConnell, House Speaker Paul Ryan, Senate Finance Committee Chairman Orrin Hatch, and House Ways and Means Committee Chairman Kevin Brady.
While the majority of media attention focuses on the palace intrigue of Trump’s inner circle and the implosion of the Obamacare repeal, the tax group has focused intently on working in the White House with interested parties on tax cuts.
That will continue in August, according to White House officials, while the president spends his working vacation in Bedminster, New Jersey.
“While the West Wing is renovated, the team continues to work full steam ahead on tax reform,” a senior White House official told Breitbart News. full story