President Donald Trump on Friday said he will release his administration’s tax reform plan next week.
The president told The Associated Press that individuals and businesses will receive “massive tax cuts” under his tax reform plan. Trump provided no details, according to AP, but predicted the cuts would be “bigger I believe than any tax cut ever.”
He added that the plan will be unveiled “Wednesday or shortly thereafter.”
After a two-week Easter recess, lawmakers will return to Washington next week facing a deadline to fund the government and a possible floor vote on legislation to repeal and replace Obamacare.
Trump has long promised massive tax cuts but said this week it would be easier to accomplish if Republicans passed legislation to repeal and replace Obamacare first.
Speaking in Wisconsin this week, Trump had signaled that a tax reform plan would be coming “very soon.” “Our tax reform and tax plan is coming along very well,” he said Tuesday. “It’s going to be out very soon. We’re working on health care and we’re going to get that done, too.”