Mitch McConnell doesn't think tax reform possible by August

The Trump administration has continued to promise speedy results in regards to tax reform.

Senate Majority Leader Mitch McConnell doesn't agree the suggested timeline is a reasonable one.

On Thursday, when asked by Politico if the work will be done by August, McConnell responded, "I think finishing on tax reform will take longer. But we do have to finish the health care debate, up or down, win or lose, before we go to taxes."

Mitch McConnell through the years

In regards to a projected completion window, he said, "I don't know. It is complicated."

When asked about McConnell's comments, White House press secretary Sean Spicer told reporters, "I think we feel very confident that we're going to get a lot done — continue to get a lot done this year. Tax reform is high on the President's priority list."

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The August timeline was recently mentioned by Treasury Secretary Steven Mnuchin.

In late February, he told Becky Quick on CNBC, "Our economic agenda, the number one issue is growth, and the first, most important issue that will impact growth is a tax plan. So we are committed to passing tax reform. It will be very significant. It is going to be focused on middle-income tax cuts, simplification, and making the business tax competitive with the rest of the world...That is really our focus. We want to get this done by the August recess."

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