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Trump says he will release tax reform package next week

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Once critical of global deals, Trump slow to pull out of any

FILE - In this Tuesday, April 18, 2017, file photo, President Donald Trump gives a thumbs-up as he walks to board Marine One on the South Lawn of the White House in Washington, for the short trip to Andrews Air Force Base, Md., en route to Kenosha, Wis. Trump, the "America First" president who vowed to extricate the U.S. from onerous overseas commitments, appears to be warming up to the view that when it comes to global agreements, a deal's a deal. (AP Photo/Carolyn Kaster, File)


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.

Treasury Secretary Steven Mnuchin initially set a goal of getting tax reform passed by August, but that deadline has slipped. Mnuchin now says the administration still hoped to get a bill passed well before the end of the year.