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Trump wanted to know what the new individual income tax rates would be. “I like these big round numbers,” he said. “Ten percent, 20 percent, 25 perce… - Bob Woodward
" "Trump wanted to know what the new individual income tax rates would be. “I like these big round numbers,” he said. “Ten percent, 20 percent, 25 percent.” Good, solid numbers that would be easy to sell. Mnuchin, Cohn and Office of Management and Budget Director Mick Mulvaney said there needed to be analysis, study and discussion on the impact on revenue, the deficit and the relation to expected federal spending. “I want to know what the numbers are going to be,” Trump said, throwing out numbers again. “I think they ought to be 10, 20 and 25.” He dismissed any effort to crunch the numbers. A small change in rates could have a surprising impact on taxes collected by the U.S. Treasury. “I don’t care about any of that,” Trump said. Solid, round numbers were key. “That’s what people can understand,” he said. “That’s how I’m going to sell it.
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About Bob Woodward
Robert Upshur "Bob" Woodward (born March 26, 1943) is a journalist in the United States, known mostly for his work in helping uncover the Watergate scandal that led to President Richard Nixon's resignation, in a partnership with Carl Bernstein, while working as a reporter for The Washington Post. He has written twelve nonfiction books and has twice contributed reporting to efforts that collectively earned the Post and its National Reporting staff a Pulitzer Prize.
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Robert Upshur Woodward
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Robert Woodward
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Additional quotes by Bob Woodward
The reality was that the United States in 2017 was tethered to the words and actions of an emotionally overwrought, mercurial and unpredictable leader. Members of his staff had joined to purposefully block some of what they believed were the president’s most dangerous impulses. It was a nervous breakdown of the executive power of the most powerful country in the world.
On January 28, 2020, when Trump's national security adviser and his deputy warned Trump that the virus would be- not might be, but would be- the biggest national security threat to his presidency, the leadership clock had to be reset. It was a detailed forecast, supported by evidence and experience that unfortunately turned out to be correct. Presidents are the executive branch. There was a duty to warn. To listen, to plan, and to take care. For a long time Trump hedged, as did others, and said the virus is worrisome but not yet, not now. There were good reasons to ride both horses, but there should have been more consistent and courageous outspokenness. Leading is almost always risky. The virus, the "plague," as Trump calls it, puts the United States and the world in economic turmoil that may not be just a recession, but a depression. It is a genuine financial crisis, putting tens of millions out of work. Trump's solution is to try to recreate what he believes is the economic miracle he created in the pre-virus time. Democrats, Republicans and Trump did agree to spending at least $2.2 trillion on recovery, which will create its own future problems with growing deficits. The human cost has been almost unimaginable, with more than 130,000 Americans killed by the virus by July and no real end in sight.
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