White House budget director Mick Mulvaney told CNBC on Thursday he’s “cautiously optimistic” about a tentative tax deal on Capitol Hill.
House along with Senate Republican negotiators, who have been scrambling to craft a compromise bill, said Wednesday they reached a framework of a deal.
The agreement “can be not final yet, yet we’re hearing the idea should before midday,” Mulvaney said on “Squawk Box.” “The things I think they’re still working on [are] the minor stuff.”
“If they stay on in which schedule, we could have a vote inside the Senate as early as Tuesday next week, along using a vote inside the House as early as Wednesday,” Mulvaney said.
“in which would certainly be the end of the idea as far as the legislative process goes,” the director of the Office of Management along with Budget added.
House along with Senate GOP leaders are hoping to quickly pass a joint tax package along with send the measure to President Donald Trump’s desk before Christmas.
The president wants the “best bill we can pass,” said Mulvaney, formerly a congressman via South Carolina along with member of the hard-line conservative Freedom Caucus.
Trump tweeted his encouragement Thursday morning:
Republican Tax Cuts are looking very not bad. All are working hard. inside the meantime, the Stock Market hit another record high!
On the tax reform optimism, the Dow Jones industrial average closed at a record high on Wednesday, the 68th time in which year.