2025-06-06
42 分钟Back in late 2016,
Donald Trump was putting together the team for his first presidential administration.
The role of assistant to the president for economic policy and director of the National Economic Council went to one Gary Cohn.
He is not someone steeped in government experience,
but he's a very roll up your sleeves and practical dealmaker.
In one sense, the appointment followed a predictable pattern.
Cohn was president and chief operating officer of Goldman Sachs,
making him the third Goldman executive to be handed the economic advisor position.
And yet... I have to admit, somewhat surprising.
I mean, Mr. Cohn, again, as you point out, not an economist.
He's a markets guy, you know, fixed income and the like.
You know, it's interesting that he would take that job.
That wasn't the only reason the appointment seemed a touch surprising.
Gary Cohn was a registered Democrat.
a free trade friendly centrist in a Trump administration with a powerful protectionist wing.
But Gary Cohn was in it for one crucial thing, to reform the U.S. tax code.
Now the House has officially passed one of the biggest changes to the tax code rewritten in three decades.
They got their win.
They are now, it's passed through the House.
In 2017, the Tax Cuts and Jobs Act was passed.