Treasury touts coming 'major tax reform'

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(CNBC) The Trump administration is close to bringing forward “major tax reform,” Treasury Secretary Steven Mnuchin said Thursday, days after he tempered expectations for how quickly it will pass.

Mnuchin, who this week backed off of his earlier goal of passing tax reform by August, said the White House will unveil a plan “very soon.” However, the Trump administration previously missed several of its deadlines for releasing its tax plan.

In terms of timing, he said he hoped passing a tax overhaul will not “take till the end of the year.”

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