Politics

Watch: Trump gives speech on tax cuts as GOP pushes back plans to vote on 'phase 2'

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President Donald Trump is slated to deliver remarks on tax cuts for American workers in the White House rose garden on Thursday.

The speech follows a meeting with members of Congress and governors on agriculture policy, in which Trump suggested the U.S. may consider re-entering the Trans-Pacific Partnership that the administration abandoned last year.

Sen. Ben Sasse, R-Neb., who attended the meeting, said "It is good news that today the President directed Larry Kudlow and Ambassador Lighthizer to negotiate U.S. entry into TPP" in a statement.

Trump will make the speech as Republicans back off a plan to vote on permanently cementing the temporary provisions in the Tax Cuts and Jobs Act signed into law in December, CNBC reported.

A person briefed on the process told CNBC that Republicans were worried about the vote in the wake of a report from the Congressional Budget Office, which predicted that the law will push the national debt to a level nearly equal with gross domestic product by 2028.

--CNBC's Ylan Mui contributed to this report.

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