President Trump says he will release tax reform package next week

WASHINGTON, DC - MARCH 27: U.S. President Donald Trump listens while meeting with women small business owners in the Roosevelt Room of the White House on March 27, 2017 in Washington, D.C. Investors on Monday further unwound trades initiated in November resting on the idea that the election of Trump and a Republican Congress meant smooth passage of an agenda that featured business-friendly tax cuts and regulatory changes. (Photo by Andrew Harrer-Pool/Getty Images)

WASHINGTON — President Donald Trump says businesses and individuals will receive a “massive tax cut” under a tax reform package he plans to unveil next week.

In an interview with The Associated Press, Trump says the plan will result in tax cuts for both individuals and businesses. He would not provide details of the plan, saying only that the tax cuts will be “bigger I believe than any tax cut ever.”

The president says the package will be released on “Wednesday or shortly thereafter” — just before his 100 day mark in office.

Treasury Secretary Steven Mnuchin initially set a goal of getting tax reform passed by August, but that deadline has slipped. Mnuchin now says the administration still hoped to get a bill passed well before the end of the year.