White House economic adviser Gary Cohn said the Trump administration is still committed to passing a plan to overhaul the tax code this year, while acknowledging it may not be completed by August.
Cohn said during a Bloomberg Television interview on Friday that taxes are his top priority, adding that the administration is spending an “enormous amount” of time on the topic.
“I don’t know if it’s August or not,” Cohn said. “Getting it done well and getting it done right is more important than getting it done soon.”
More than eight weeks ago, President Donald Trump said he would be releasing a “phenomenal” tax plan within two or three weeks. But there’s no sign of a plan yet, and mixed signals from the White House have imperiled Republican promises of speedy action. The administration hasn’t yet publicly answered the most basic questions about what a possible tax reform plan would