Cohn lets the truth slip on Ryan-McConnell tax cut plan for billionaires

Yesterday, President Trump and Congressional Republicans unveiled the Ryan-McConnell multi-trillion dollar giveaway to the wealthiest few.  They spent all day selling this sham plan as a "middle class miracle" – until the truth slipped out this morning.

On ABC's Good Morning America, George Stephanopoulos asked Trump economic adviser and former president of Goldman Sachs Gary Cohn if the Trump administration and Republicans could guarantee taxes won't go up for middle-class American families under this plan.

Cohn replied: "I can't guarantee anything" and "depends on which state you live in."  

Here's what the Ryan-McConnell tax cut plan for billionaires really means:

• Cuts Taxes for the Wealthiest – slashing the tax rate for top-earners, handing hundreds of billions of dollars to the richest few.
• Raises Taxes on Middle Class Families – raises the base tax rate for hard-working middle class families and increases the burden of state and local taxes.
• Repeals the Estate Tax – hands the 5,400 wealthiest estates a $270 billion giveaway, a staggering tax break for the top .2 percent.

The American people want tax reform that puts the middle class first, not more deficit-exploding tax cuts for billionaires. That's why Democrats have insisted that tax reform have not one penny in tax cuts for the wealthiest one percent.