Stop us if you’ve heard this before: President Donald Trump says the long-awaited White House tax plan will finally be released next week, but he wouldn’t offer any details on what might be in it.
From an interview with the Associated Press published Friday:
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.
Trump promised back on February 9 that the White House would release a tax plan “in the next two or three weeks.” He and his aides have re-upped that promise from time to time over the past two and a half months — and all sorts of proposals have been floated in the press. But to date, there has been no actual plan.
And shortly after Trump’s comments, the White House seemed to walk them back a little bit:
White House official says tax reform package could come next week. "Or maybe not," this person says. "No guarantees." Very true words here.— Josh Dawsey (@jdawsey1) April 21, 2017
But then Trump once again promised a big announcement on taxes was coming.
After WH softens Trump's comments that tax reform plan is coming Wed. or shortly after, Trump says "big announcement" on tax happening Wed. pic.twitter.com/fBkYNHhLSX— CNBC Now (@CNBCnow) April 21, 2017
So we’ll see.
One thing that is generally agreed upon, by many of the people tracking tax reform, is that the White House will have to be the driving force behind a tax overhaul. The GOP’s health care bill stalled out in part because Trump did not detail his policy preferences, and so he struggled to unite his party around the House bill.
But to avoid that mistake again in tax reform, Trump probably needs a plan.