Trump reportedly wanted to raise the top income tax bracket to 44%, but Gary Cohn talked him out of it

 | Allan Smith 09/11/2018 9:56 AM MDT
Gary Cohn
Credit: Wikipedia Commons
Submit:  

President Donald Trump reportedly wanted to raise the top individual income tax bracket by more than four percentage points, but former National Economic Council Director Gary Cohn talked him out of it, according to journalist Bob Woodward's upcoming book, "Fear: Trump in the White House."

Business Insider obtained a copy of the book, published by Simon & Schuster and set to be released Tuesday.

The exchange reportedly happened as the two were debating tax reform legislation prior to its passage late last year. Trump insisted on having the top corporate tax bracket dropped to 15% from 35%, which Cohn said he would try to achieve.