President Trump says he plans to introduce a tax reform package next week that includes a "massive tax cut" for both businesses and individuals, the AP reports. According to CNBC, Trump is promising a "big announcement" on Wednesday that will "formally" start the tax reform process. While he didn't provide any details, the president says his tax reform package will be "bigger I believe than any tax cut ever." The White House immediately tried to downplay Trump's comments, issuing a statement clarifying that what the president meant was "he wants to do tax reform as quickly as possible while still doing it right."
Earlier this week, Treasury Secretary Steve Mnuchin said Trump's tax reform plans had been derailed by the failure of the GOP health care bill, pushing back his original goal of having tax reform done by August to sometime before the end of the year. Speaking of health care, Trump said on Friday it "doesn't matter" to him if there's another vote on health care next week, the Hill reports. He adds there's "no particular rush." That contradicts reports from earlier this week that Trump was pushing hard for another health care vote in time for his 100th day in office, which is a week from Saturday. On Friday, Trump called the 100-day mark a "ridiculous standard." (Read more Donald Trump stories.)