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The Associated Press is reporting that President Donald Trump says businesses and individuals will receive a “massive tax cut” under a tax reform package he plans to unveil next week.
In an interview with the AP, Trump says the plan will result in tax cuts for both individuals and businesses. He would not provide details of the plan, saying only that the tax cuts will be “bigger I believe than any tax cut ever.”
The President expressed to the AP that the package will be released shortly before his 100th day in office.
Treasury Secretary Steven Mnuchin initially set a goal of getting tax reform passed by August, but that deadline has slipped. Mnuchin now says the administration still hoped to get a bill passed well before the end of the year, said th AP.