Politics Trump says he will release tax reform package next week

21:42  21 april  2017
21:42  21 april  2017 Source:   Associated Press

Trump stays mum on tax returns despite mounting pressure for their release

  Trump stays mum on tax returns despite mounting pressure for their release Mr. Trump refuses to release his tax returns, citing an ongoing audit, but the IRS has said this doesn't bar any taxpayer from releasing returns . At a rally in Wisconsin Tuesday, Mr. Trump said his administration was on its way to fulfilling his campaign promise of overhauling the federal tax code.“We’re in very good shape on tax reform,” Mr. Trump said.Watch: Sen. Schumer: Tax reform harder if Trump won't release returns“I think you’ll see we’ll have an amazing code,” Mr. Trump said on the campaign trail. “It will be simple, it will be easy, it will be fair.”But Democrats say they won’t work with Mr.

He also promised a round of tax cuts. "Lowering the overall tax burden on American business is big league, that’s coming along very well," Trump said . "We’ re way ahead of schedule, I believe. And we’ re going to be announcing something -- I would say over the next two or three weeks

President Trump said Wednesday he still wants to tackle health care before moving on to tax reform , a shift that raises the stakes for congressional Republicans struggling to pin down an Obamacare replacement The White House does expect a tax cut approved by this time next year, he stressed.

As his 100-day mark approaches, the president promises a tax reform package to be unveiled soon. © AP Photo/Evan Vucci As his 100-day mark approaches, the president promises a tax reform package to be unveiled soon. WASHINGTON — 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 Associated Press, 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 says the package will be released on "Wednesday or shortly thereafter" — just before his 100-day mark 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.

GOP under pressure as tax reform deadline slips .
Several conservatives say a business-only tax cut is the easiest way for Trump to score a legislative win.Trump and the GOP have been pushing forward with efforts to make tax changes to both the individual and corporate tax systems in a single bill, with a goal of enacting them by August.

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