“Today I’m making a ‘yuge’ announcement that next Wednesday we’ll be making strides to roll out a new tax reform plan by June but tune in next week for the announcement of a future plan” – PB/TK
Mulvaney: Trump’s Full Tax Reform Plan Not Likely Before June – Saturday, 22 Apr 2017
President Donald Trump promised Friday a “big announcement” concerning tax reform will be made next Wednesday, but White House budget director Mick Mulvaney has been saying that a full tax bill won’t likely happen by the time its official budget is released by the end of May.
“You might see us floating some principles before then,” Mulvaney, who heads the Office of Management and Budget, said in an interview Friday before Trump’s remarks came out, reports The Wall Street Journal.
“But in terms of a piece of paper you can look at and say, ‘Here’s our bill,’ I don’t think it will be ready by May,” he continued.
Trump did not specify what the tax proposal would be, but said the overhaul process “has begun long ago, but it formally begins on Wednesday,” during an announcement from Treasury Secretary Steven Mnuchin’s office.
The tax overhaul “process has begun long ago, but it really formally begins on Wednesday, so go to it,” Mr. Trump said during a visit to Treasury Secretary Steven Mnuchin’s office across the street from the White House.