White House Says It Wants Tax Plan By August Recess

By Robert Schroeder Markets MarketWatch Pulse

The Trump administration is aiming to come to an agreement on a draft tax plan with the House and Senate before the August recess, with the goal of beginning legislative action after the break, a top official said Monday. White House Director of Legislative Affairs Marc Short told reporters the administration is continuing to have discussions with lawmakers and would "hopefully" have a plan "locked in place" before the recess. Both President Donald Trump and congressional Republicans are seeking tax cuts for businesses and individuals. Short did not provide a desired timetable for a final vote.

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