Mnuchin: US Continuing to Revisit 2017 Target for Tax Bill

U.S. Treasury Secretary Steven Mnuchin signaled Friday that the administration’s goal of completing a tax overhaul by the end of 2017 may not be a firm deadline.

“I think you know earlier in the year I said I’d thought we would get it done by August and I was wrong,” Mnuchin said during a press conference at the White House. “I’m now going to say that I’m very hopeful and I think we can get this done by the end of the year, but we will continue to revisit that.”

House Speaker Paul Ryan has said it’s essential to complete a tax bill by the end of the year or it risks being derailed by political complications surrounding mid-term elections in 2018. Senate Majority Leader Mitch McConnell hasn’t committed to finishing legislation by the end of 2017; in May, he declined to put a deadline on it.

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