Treasury Secretary Steven Mnuchin said Thursday that he wants to see “very significant” tax reform passed before Congress’ August recess, in what could prove a tough task as lawmakers work through a complex agenda.
“We want to get this done by the August recess. We’ve been working closely with the leadership in the House and the Senate and we’re looking at a combined plan,” he told CNBC in his first television interview since assuming office.
President Donald Trump has repeatedly made pledges for tax reform and regulatory cuts since he took office, creating optimism among business executives and investors.
Congress is expected to introduce legislation next month to at least partially repeal the Affordable Care Act — Obamacare — before it moves on to tax reform. Mnuchin said the White House and both chambers of Congress “are all working together” on the tax plan.
The Emergency Election Sale is now live! Get 30% to 60% off our most popular products today!