U.S. Treasury's Mnuchin says will unveil tax reform plan 'very soon'WASHINGTON (Reuters) - The Trump administration will unveil a tax reform plan very soon and expects it will be approved by Congress this year whether a healthcare overhaul happens or not, Treasury Secretary Steven Mnuchin said on Thursday. “It will be soon, very soon,” Mnuchin told a conference on the sidelines of the IMF and World Bank spring meetings in Washington. Mnuchin said the Treasury was working on tax reform options “day and night” but he gave few specifics. “It will be sweeping, it will be significant and it will create a lot of economic growth,” he said. President Donald Trump campaigned on promises to lower taxes and boost economic growth. Trump, who took office in January, suffered a setback last month when the Republican-controlled Congress pulled a proposal to overhaul health care rules that would have generated savings for public coffers. Trump has since said the administration will continue trying to replace health care legislation enacted by his predecessor, Barack Obama, though Mnuchin said tax reform will move forward even if health laws stay the same. “Whether health care gets done or health care doesn’t get done, we’re going to get tax reform done,” he said, Trump’s tax plan would lower rates but most of the revenue lost under that plank of the reform would be gained back by boosting economic growth, Mnuchin said. “The plan will pay for itself with growth.” politicsNews
treasury mnuchin says unveil tax reform plan reuters the trump administration unveil tax reform plan soon expects approved congress year whether healthcare overhaul happens treasury secretary steven mnuchin said thursday it soon soon mnuchin told conference sidelines imf world bank spring meetings washington mnuchin said treasury working tax reform options day night gave specifics it sweeping significant create lot economic growth said president donald trump campaigned promises lower taxes boost economic growth trump took office january suffered setback last month congress pulled proposal overhaul health care rules would generated savings public offers trump since said administration continue trying replace health care legislation enacted predecessor barack obama though mnuchin said tax reform move forward even health laws stay whether health care gets done health care get done going get tax reform done said trump tax plan would lower rates revenue lost plank reform would gained back boosting economic growth mnuchin said the plan pay politicsnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: U.S. Treasury's Mnuchin says will unveil tax reform plan 'very soon'WASHINGTON (Reuters) - The Trump administration will unveil a tax reform plan very soon and expects it will be approved by Congress this year whether a healthcare overhaul happens or not, Treasury Secretary Steven Mnuchin said on Thursday. “It will be soon, very soon,” Mnuchin told a conference on the sidelines of the IMF and World Bank spring meetings in Washington. Mnuchin said the Treasury was working on tax reform options “day and night” but he gave few specifics. “It will be sweeping, it will be significant and it will create a lot of economic growth,” he said. President Donald Trump campaigned on promises to lower taxes and boost economic growth. Trump, who took office in January, suffered a setback last month when the Republican-controlled Congress pulled a proposal to overhaul health care rules that would have generated savings for public coffers. Trump has since said the administration will continue trying to replace health care legislation enacted by his predecessor, Barack Obama, though Mnuchin said tax reform will move forward even if health laws stay the same. “Whether health care gets done or health care doesn’t get done, we’re going to get tax reform done,” he said, Trump’s tax plan would lower rates but most of the revenue lost under that plank of the reform would be gained back by boosting economic growth, Mnuchin said. “The plan will pay for itself with growth.” politicsNews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: treasury mnuchin says unveil tax reform plan reuters the trump administration unveil tax reform plan soon expects approved congress year whether healthcare overhaul happens treasury secretary steven mnuchin said thursday it soon soon mnuchin told conference sidelines imf world bank spring meetings washington mnuchin said treasury working tax reform options day night gave specifics it sweeping significant create lot economic growth said president donald trump campaigned promises lower taxes boost economic growth trump took office january suffered setback last month congress pulled proposal overhaul health care rules would generated savings public offers trump since said administration continue trying replace health care legislation enacted predecessor barack obama though mnuchin said tax reform move forward even health laws stay whether health care gets done health care get done going get tax reform done said trump tax plan would lower rates revenue lost plank reform would gained back boosting economic growth mnuchin said the plan pay politicsnews