Trump previews tax reform plan, offers few details

Trump previews tax reform plan, offers few details
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President Trump previewed his tax reform plan during an interview with The Associated Press on Sunday, saying it could be announced as soon as Wednesday of this week.

“I shouldn't tell you this, but we're going to be announcing, probably on Wednesday, tax reform. And it's — we've worked on it long and hard,” Trump said in the interview ahead of his 100th day in office.

"We're putting out a massive tax reform — business and for people — we want to do both," he said. "We've been working on it. ... We're going to be putting that out on Wednesday or shortly thereafter."

He added: "And that's a big story, because a lot of people think I'm going to put it out much later."


But when asked what the tax rates will be in his new plan, Trump provided few details and said only that "it will be a massive tax cut."

"It will be bigger, I believe, than any tax cut ever. Maybe the biggest tax cut we've ever had," he continued.

Trump said he wanted “a massive tax reform” for both businesses and Americans alike, all the while commending Treasury Secretary Steven Mnuchin on his work so far.

He said the timing of tax reform may surprise people, given his early focus on healthcare.

But despite the House GOP's failure on its initial repeal and replacement plan for ObamaCare, Trump said "we're very close" on healthcare.  

"And it's a great plan, you know, we have to get it approved."

Trump also pointed out the short span of time he’s been working to repeal and replace ObamaCare. 

But he said the focus first will be on keeping the government funded ahead of the April 28 deadline.

"I think we'll be in great shape on that. It's going very well. Obviously, that takes precedent," he said. 

There was speculation that the GOP would try to move an ObamaCare replacement plan again this week as Congress returns from a two-week recess. But with a fight appearing to shape up on keeping the lights on and Trump's signal that he'll release his tax reform blueprint, the hot-button issue will likely stall at least temporarily.