I'm actually OK at 28%. The level we got to in our tax plan on the corporate side was actually a bit lower than I thought we needed to go. — Gary Cohn, Former Director of the National Economic Council under Trump
I'm actually OK at 28%. The level we got to in our tax plan on the corporate side was actually a bit lower than I thought we needed to go. — Gary Cohn, Former Director of the National Economic Council under Trump
An architect of Trump's tax law said he supports Biden's 28% corporate tax rate in resurfaced video
  • A former Trump economic advisor said in a resurfaced interview that he supports Biden's proposed 28% corporate tax rate.
  • "I'm actually OK at 28%," Cohn told Yahoo Finance last year.
  • His remarks will likely be cited by Democrats as Biden argues for corporate tax hikes to fund infrastructure spending.
There's an unlikely supporter of President Joe Biden's proposed 28% corporate tax rate: A former top advisor to President Donald Trump, who served as the architect of his 2017 tax law that cut the rate all the way down from 35% to 21%.

On Wednesday, a video resurfaced of Gary Cohn — formerly the National Economic Council director under Trump — saying he backs a corporate tax increase. It was posted by the Center for American Progress, a liberal-leaning think tank.

"I'm actually OK at 28%," Cohn said in the Yahoo Finance interview last year. "The level we got to in our tax plan on the corporate side was actually a bit lower than I thought we needed to go."

He went on: "Getting down in the low 20s was probably lower than we needed to go. I always thought there was a compromise rate in the mid-20s that made sense."
Read the full article: https://www.businessinsider.com/video-former-trump-economic-advisor-gary-cohn-corporate-tax-rate-2021-4