A top economic adviser to President Donald Trump said hes come under enormous pressure both to quit and to remain at the White House following the administrations widely criticized response to violence at a white nationalist rally in Charlottesville, Virginia. "As a Jewish American, I will not allow neo-Nazis ranting "Jews will not replace us" to cause this Jew to leave his job", he says.
Cohn's wife was one of those pressing him to consider resigning, the Times reported.
In the case of individual taxpayers, Cohn said the president's reform plan would protect the three big deductions that people can claim on taxes: for home mortgages, charitable giving and retirement savings.
One of those came in a private meeting at the president's golf club in New Jersey last Friday, the Times reported, when Cohn was on the cusp of resigning. Markets were spooked last week about Cohn's possible departure until the White House denied he was considering resigning.
Larry Kudlow, who served as an informal economic adviser to Trump's campaign, praised Cohn's comments, saying on Twitter that he deserved "high marks" for saying the administration had to do better in condemning white supremacists and neo-Nazis.
"Starting next week, the president's agenda and calendar is going to revolve around tax reform", Cohn said.
"As a patriotic American, I am reluctant to leave my post. because I feel a duty to fulfil my commitment to work on behalf of the American people", Mr Cohn said. But, considering we all know his thoughts on his "beleaguered" attorney general Jeff Sessions, it's clear Trump has no issue calling out his own cabinet when he feels betrayed.
"The president in no way, shape or form, believes that neo-Nazi and other hate groups who endorse violence are equivalent to groups that demonstrate in peaceful and lawful ways", Mnuchin said in written comments last week.
Asked whether his decision to remain in the administration was influenced by the recent firing of Steve Bannon, the former White House chief strategist with whom he clashed over policy, Mr Cohn replied, "No, my decisions are my own decisions". But, he said, he felt compelled to voice my distress over the Charlottesville incident, adding citizens standing up for equality and freedom can never be equated with white supremacists, neo-Nazis, and the KKK..
Mr. Cohn is known to be interested in becoming chairman of the Federal Reserve, and still sees that as a possibility.
The Fed Up coalition of community groups, which has successfully pushed the central bank to pay more attention to issues affecting the poor and minorities, said this was too little far too late.