Speaking on Fox News on Sunday morning, Mr Trump said he expected Congress to pass the plan reducing the corporate rate while providing tax relief for the middle class this year.
“I think we’re going to get our taxes,” Mr Trump told Sunday Morning Futures with Maria Bartiromo. “I think it’s going to be — well, hopefully before the end of the year, but maybe much sooner than that.”
“So there’s a great spirit for it, people want to see it, and I call it tax cuts. It is tax reform also, but I call it tax cuts. It’ll be the biggest cuts ever in the history of this country.”
He said health care changes were still on the agenda after the tax plan was passed by Congress.
“I want to get the taxes first. I want to get health care,” he said. “We’re doing a big infrastructure bill which will be a very positive thing. But we’re going to have tremendous growth.”
White House budget chief Mick Mulvaney said it is “absolutely” realistic to have a tax reform bill in the White House by December.
“We felt good last week, but not only did the Senate then pass the bill, we’re hearing now that the House may go ahead and take the Senate amendments or move very quickly to accept the Senate amendments and we may save as many as 10 or 12 legislative days,” Mulvaney said on “Fox News Sunday.”
President Donald Trump’s plan promises up to $US6 trillion ($A7.7 trillion) in tax cuts.
However, it would increase the federal deficit by $US1.5 trillion over the next decade.