Trump plans to release tax overhaul in early September - Action News
Home WebMail Wednesday, November 13, 2024, 06:36 AM | Calgary | -0.3°C | Regions Advertise Login | Our platform is in maintenance mode. Some URLs may not be available. |
Business

Trump plans to release tax overhaul in early September

The White House plans to introduce its tax overhaul during the first two weeks of September, says Gary Cohn, President Donald Trump's top economic aide.
President Donald Trump speaks during a meeting with Ukrainian President Petro Poroshenko in the Oval Office of the White House on Tuesday. (Evan Vucci/Associated Press)

The White House plans to introduce its tax overhaul during the first two weeks of September, says Gary Cohn, President Donald Trump's top economic aide.

Cohn added that the administration wants to bring a finished tax bill to the House and Senate, rather than prolonging talks after its introduction.

The administration has only released a one-page outline of its principles to lower tax rates and simplify the tax code. But Cohn said Tuesday at a meeting of technology executives that he or Treasury Secretary Steve Mnuchin get a phone call each day from President Donald Trump about the overhaul's status.

He said the president "could not be more excited about what we're doing."