Subscribe to Breaking News emails

You have successfully subscribed to the Breaking News email.

Subscribe today to be the first to to know about breaking news and special reports.

Trump Says He Wants a Tax Bill on His Desk by Christmas

by Ali Vitali /
President Donald Trump speaks to business leaders about tax reform in the Roosevelt Room of the White House in Washington on Oct 31.Alex Wong / Getty Images

Breaking News Emails

Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings.

WASHINGTON — If President Donald Trump gets his way, Americans — and his administration — will have a new tax plan by Christmas.

Trump told reporters Tuesday he hoped to see the House pass a tax bill by Thanksgiving, allowing him to sign the legislation into law in time for the holiday.

The bill's passage would be the "biggest tax event in the history of our country," the president said, calling the opportunity to overhaul the U.S. tax system "historic."

Breaking News Emails

Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings.

It would also mark the administration's first big legislative win, and the White House's push to overhaul the tax system comes as the president is once more dogged by Special Counsel Robert Mueller's investigation into his campaign's alleged collusion with Russia. Mueller's office announced the indictments of former campaign chairman Paul Manafort and campaign staffer Rick Gates, as well as the secret guilty plea of former foreign policy adviser George Papadopoulos, Monday.

Trump ignored questions on the indictments, sticking to what he exhorted Americans to pay attention to hours earlier on Twitter: "Our Massive Tax Cuts for Business (jobs) and the Middle Class (in addition to Democrat corruption)!"

President Donald Trump speaks to business leaders about tax reform in the Roosevelt Room of the White House in Washington on Oct 31.Alex Wong / Getty Images

The president's attention might be split in coming days as he embarks on a multi-stop Asia trip Friday, his longest visit abroad since taking office. But the tax push will continue in his absence, he said Tuesday, previewing a pro-tax plan blitz from cabinet members and top economic advisers that will include talking to tax payers, focusing on regional — "more credible" — media, and making the case for the plan.

The House will unveil its highly-anticipated tax plan on Wednesday.

Breaking News Emails

Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings.
MORE FROM news

Have feedback?

How likely are you to recommend nbcnews.com to a friend or colleague?

0 = Very unlikely
10 = Very likely
Please select answer

Is your feedback about:

Please select answer

Thank you!

Your feedback has been sent out. Please enjoy more of our content.

We appreciate your help making nbcnews.com a better place.