Jennifer Jacobs is a reporter with Bloomberg.
Donald Trump plans to make permanent the 2017 individual tax cuts that he enacted as president while keeping corporate tax levels unchanged in an appeal to working and middle class voters should he retake the White House.
The fast-food executive withdrew amid controversy over his personal life.
The financier may be offered an ambassadorship or another job instead of appointing him to a top role advising President Donald Trump.
The former federal prosecutor is the president-elect's pick after vetting a handful of candidates, said a person with knowledge of the matter.