Thursday, September 28, 2017


Gary Cohn is selling President Trump's tax plan, and he's not doing a very good job of it:
President Donald Trump's top economic adviser, Gary Cohn, said today that he can't guarantee that taxes won't go up for some middle-class families under the administration's sweeping tax overhaul.

"There's an exception to every rule," Cohn told ABC News chief anchor George Stephanopoulos in an interview on "Good Morning America."

"I can't guarantee anything," said Cohn, the director of the White House Economic Council. "You can always find a unique family somewhere."

He said Trump's plan is "purely aimed at middle-class families." But Cohn acknowledged that "it depends which state you live in."
Translation: Yes, we're writing this tax bill, and many of us have long careers as financial masters of the universe, which means we know precisely how a tax provision needs to be calibrated so that it confers maximum benefit on ourselves -- but if you want to know what the consequences of our bill will be for ordinary schmucks, our answer is: ¯\_(ツ)_/¯.

Cohn is lying, obviously. He knows the plan will make the rich richer (he's dishonestly denying that, too) and will do little or no good for the non-rich, and will do harm to some.

So you'd assume Breitbart would be raking Cohn over the coals, right? He should be a target for two reasons: First, Breitbart has hated him for a while, referring to him as "Globalist Gary" and framing his name with globe images:

Second, Steve Bannon is a regular Joe whose heart bleeds for the little guy -- or so he tells us on a regular basis:
For Martin Bannon, a former telephone company lineman and splicer who worked his way into management without a college degree, the AT&T stock was sacrosanct.

That all changed during the panicked days of the 2008 financial crisis. As the market plummeted, Bannon, who raised five children on Richmond’s North Side, cashed out the stock that held virtually his entire net worth.

When Steve Bannon saw Wall Street’s recklessness hit home and the impact on his father, it fueled his rage against a system he now describes as “socialism for the wealthy,” where benefits accrue to those at the top while the downside is spread among the masses.

As overleveraged financial institutions ran into trouble, Steve Bannon said, they wanted “the Marty Bannons of the world” to bail them out....

“I do believe that this populist movement that you saw Donald Trump take to the next level in 2016 started with the financial crash in 2008,” Bannon said. “Quite frankly, nobody’s been held accountable for that.”
Yes, nobody's been held accountable for screwing Joe Sixpack -- and if this tax plan screws Joe Sixpack again, and it's the handiwork of "Globalist Gary," surely Breitbart is going to raise hell about it, right?


On the Breitbart front page I see no globes, no sneering references to Cohn, no criticism of the tax plan at all.

At Breitbart, Cohn has been attacked for criticizing Trump's response to the Charlottesville neo-Nazi rally and for seeking to prevent Trump from starting trade wars. That's what being a man of the people means to Steve Bannon: supporting domestic racism and backing xenophobia-based trade policies that would, of course, raise the retail prices Joe Sixpack pays. Taxes? Where in the phrase "blood and soil" do you see anything about taxes?

If Joe Sixpack he can't take advantage of the elimination of the capital gains tax, or the reduced tax rate on pass-through corporation earnings, tough luck. "Populist" Bannon sheds no tears.

No comments: