Gary Cohn, Trump’s Adviser, Said to Have Drafted Resignation Letter After Charlottesville – New York Times

On Thursday, Mr. Cohn spoke publicly for the first time about the issue in the Financial Times interview, which largely focused on tax reform.

“Citizens standing up for equality and freedom can never be equated with white supremacists, neo-Nazis, and the K.K.K.,” Mr. Cohn said. “I believe this administration can and must do better in consistently and unequivocally condemning these groups and do everything we can to heal the deep divisions that exist in our communities.”

Mr. Cohn added, “As a Jewish American, I will not allow neo-Nazis ranting ‘Jews will not replace us’ to cause this Jew to leave his job.”

Mr. Cohn’s decision to publicly distance himself from the president comes at an awkward time, as Mr. Trump prepares next week to start a major national effort to sell a tax-cut plan, which Mr. Cohn has been toiling for months behind the scenes to craft. The president will travel to Springfield, Mo., to begin that push, a White House official said on Friday, the first of a series of stops around the country to build support for a major tax reduction, which Mr. Trump has vowed to enact this year though he has released few details.

“Starting next week the president’s agenda and calendar is going to revolve around tax reform,” Mr. Cohn said in the interview with the Financial Times.

In the days after the Charlottesville violence, Mr. Cohn’s family — including his wife — told him he needed to think seriously about departing, according to two people briefed on the discussions. Several of his friends in the business community also urged him to step away from the administration. Mr. Cohn is a former executive at Goldman Sachs.

Mr. Cohn came close to resigning, according to one of the people briefed on the discussions. He met with Mr. Trump privately at the president’s golf club in New Jersey last Friday, scrapping his plans to spend the evening at his second home in the Hamptons.

The markets were spooked last week amid fears that Mr. Cohn would resign, and United States stocks dropped until the White House denied the rumor. Mr. Cohn, who had spent his entire career in the trading world before joining Mr. Trump late last year, was deeply troubled by the market reaction, people close to him said.

Mr. Cohn also told the Financial Times he spoke privately with Mr. Trump about these issues.

“I have not been bashful saying what I think,” Mr. Cohn said.

Mr. Cohn is known to be interested in becoming chairman of the Federal Reserve, and still sees that as a possibility. It was not clear whether he told the president he planned to speak to the Financial Times. One person briefed on Mr. Cohn’s discussions with the president said that Mr. Cohn had made clear to Mr. Trump how upset he was, and that he planned to be candid publicly about it if asked.

Mr. Cohn’s remarks were in stark contrast to a statement from the Treasury secretary, Steven Mnuchin, who defended the president. Mr. Mnuchin is also Jewish.


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