White House Revs Up to Debut New Tax Plan by End of Summer

White House Director of Legislative Affairs Marc Short told reporters Friday that the Trump administration is gearing up to unveil a new tax proposal by the end of the summer. 

Short has teamed up with lawmakers on Capitol Hill, including Republican Kevin Brady (R-Texas), committee chairman of the House Ways and Means Committee and members of the Senate Finance Committee. According to The Hill, the administration is looking to build upon its Tax Cuts and Jobs Act that officials and GOP lawmakers have lauded as a major win for the party and American citizen.

The White House counts last year’s tax plan as a cornerstone of President Donald Trump’s first year in office. Within it, corporations saw a significant slash in its tax rate, manufacturers were incentivized to keep business local, and families expected larger savings in their tax bill. 

“It’s the largest — I always say the most massive — but the largest tax cut in the history of our country and reform,” Trump said at the time.

Yet, soon after the law was passed only 37 percent of Americans approved of the new legislation. However, overall support of the Tax Cubs and Jobs Act has steadily inclined over the past few months; 46 percent approved in January and 51 percent of respondents reacted favorably in February, according to a SurveyMonkey poll.

Many believe that major legislation will not pass through both chambers of Congress until after the 2018 midterm elections. Trump’s infrastructure initiative is currently running out of legislative steam, and the White House’s immigration package was spiked by lawmakers, forcing the administration to turn back to the drawing board. And if Democrats clinch many of the open seats this fall, the likelihood Trump’s agenda pushes through is suspected to dwindle.

Short would not tell reporters how the new proposal will vary from the current legislation, or what new issues it would likely tackle.

“There’s more that we’d like to do and we’ll be unveiling that,” he added.

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