Republicans and the Trump administration have argued that tax cuts for businesses would lead companies to investment more and raise wages for workers.
The moderator then asked those in attendance whether they were planning to increase their business investment if the tax bill became law.
The CEOs in attendance did not seem to be on the same wavelength as Cohn.
While there was a smattering of raised hands in the auditorium, it was clearly not as many as Cohn would have liked.
“Why aren’t the other hands up?” Cohn asked before moving on to another question.
Democrats and other critics of the tax bill have said that the Trump administration grossly overstates the potential economic boost from the cuts and that actual increase in investment would not be as substantial as predicted.
http://uk.businessinsider.com/trump-gop-tax-plan-gary-cohn-bill-2017-11
Republicans and the Trump administration have argued that tax cuts for businesses would lead companies to investment more and raise wages for workers.
The moderator then asked those in attendance whether they were planning to increase their business investment if the tax bill became law.
The CEOs in attendance did not seem to be on the same wavelength as Cohn.
While there was a smattering of raised hands in the auditorium, it was clearly not as many as Cohn would have liked.
“Why aren’t the other hands up?” Cohn asked before moving on to another question.
Democrats and other critics of the tax bill have said that the Trump administration grossly overstates the potential economic boost from the cuts and that actual increase in investment would not be as substantial as predicted.