Is Goldman Sachs veteran Gary Cohn successfully leading President Trump toward globalist policies?
(WASHINGTON, DC) Gary Cohn, 56, did not work on Republican Trump's campaign and only got to know him after the November election, but he has emerged as one of the administration's most powerful players in an ascent that rankles conservatives.
President Trump refers to his director of the National Economic Council (NEC), as "one of my geniuses," according to one source close to Cohn.
More than half a dozen sources on Wall Street and in the White House said Cohn has gained the upper hand over Trump's chief strategist, Steve Bannon, the former head of the conservative news website Breitbart News and a champion of protectionist trade opposed by moderate Republicans and many big companies.
Cohn is a key administration link to business executives and White House sources say he will lead the charge for Trump on top domestic priorities such as tax reform, infrastructure and deregulation.
"Gary's singular focus is tax reform and he's working to try and get that done in 2017," said Orin Snyder, a partner at law firm Gibson Dunn and a long-time friend of Cohn.
"He is working to implement the president's twin goals of economic growth and job creation. The tax plan will also include a reduction in the corporate rate, but also tax relief for middle- and low-income Americans."
A senior administration official said the White House has started from scratch on the tax plan and, while setting business tax cuts as the highest priority, is consulting with lawmakers, economists and business leaders before taking it to the Republican-led Congress.
Two administration officials said reports that the White House was considering a carbon tax and a value-added tax were incorrect, but that other ideas were on the table. "We are considering a multitude of options for tax reform," a White House official said on Sunday.
Cohn also has the trust of Jared Kushner, Trump's adviser and son-in-law, and his wife Ivanka, Trump's daughter. TRUNEWS host Rick Wiles has called this trio the globalist wing of the White House, and says the Deep State agenda is being channeled through these figures.
Last week TRUNEWS reported about the Goldman Sachs connection to the Syrian conflict, and Israel's effort to take control of the Golan Heights and its oil reserves which have already been exclusively delegated to a company named Genie Energy — also with powerful ties to the investment bank and globalists political circles.
After his appointment Cohn hired his staff much quicker than other top officials, and rekindled a friendship previously founded with Jared Kushner after the Kabbalah practicing Orthodox Jew was interning at Goldman Sachs.
After Trump's election victory, Kushner paved the way for Cohn to meet the president-elect, who had spent much of the campaign blasting investment banks as modern-day robber barons. Trump soon named Cohn his NEC director.
Apparently paying more heed to Cohn and other moderates on his team, Trump last week said he was open to reappointing Janet Yellen as Federal Reserve chairman when her term is up and he also held back from naming China a currency manipulator.
Cohn has already put his stamp on regulatory policy by working with Kushner to successfully push Wall Street lawyer Jay Clayton for head of the Securities and Exchange Commission after billionaire investor Carl Icahn, an early Trump supporter, had vetted other candidates. Clayton's nomination has been advanced to the Senate for a vote.
A White House spokesperson denied there was a power struggle inside the West Wing, but that has not stopped rumors from swirling in various media outlets.
According to Axios’ Jonathan Swan, Cohn is referred to as “Globalist Gary” and “Carbon Tax Cohn (CTC)” by Steve Bannon and his associates, who also text a symbol of a globe when referring to the former Goldman Sachs #2, Ivanka, or Kushner.
Saturday Night live has also taken a crack at depicting this schism, with their recent episode showing a “America’s Top Model” showdown between Bannon and Kushner, with Bannon characterized as the grim reaper.