WH Eco. Advisor Cohn: Comprehensive tax bill to be completed in early fall - BBG

During an interview with the Bloomberg TV, White House economic adviser Gary Cohn said that the Trump administration’s timetable of getting a comprehensive tax bill completed was “early in the fall.”

Key quotes:

• My No. 1 priority for now until the end of the year is taxes. My second priority is taxes. And if you’re confused, my third priority is taxes
• We’ve got to get in line with the rest of the world, we’ve got to entice capital to be invested in the United States
• The U.S. must cut its corporate tax rate by at least a third to compete with other developed countries
• We cannot be substantially higher than the OECD average tax rate out there