One of President Trump’s most important campaign promises was tax reform. It looks like he intends to work on that in the near future.
Big TAX REFORM AND TAX REDUCTION will be announced next Wednesday.
— Donald J. Trump (@realDonaldTrump) April 22, 2017
In a Twitter message on Saturday, he wrote: “Big TAX REFORM AND TAX REDUCTION will be announced next Wednesday.”
Asked for details, the administration official, who asked not to be identified, said, “We will outline our broad principles and priorities” on Wednesday.
Trump has struggled as president to advance his domestic policy agenda, including on taxes, even though his Republican Party controls both chambers of Congress. With his 100th day in office only a week away, he has yet to offer any formal legislation or win passage of a major bill he favors.
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The president’s Twitter post echos an announcement from Treasury Secretary Steve Mnuchin last week at the International Washington Policy Summit. Mnuchin said the Trump administration intends to propose a “major tax reform” in the near future. He says he expects it to be passed by the end of the year.
With President Trump’s Twitter post, one can conclude that the administration means business. It’s easily assumed that Congress will be considering a major tax reform bill in the near future.
Tax reform is just one of the many issues President Trump’s administration is working on right now. The Republicans are still trying to repeal and replace the Affordable Care Act. The last time the party’s leadership tried to push a bill through to replace Obamacare, it failed. Despite this, the Trump administration remains confident that a bill to repeal and replace the Affordable Care Act will eventually be passed.