President Trump told reporters at the World Economic Forum in Davos on Tuesday that the White House plans to unveil a new middle class tax cut proposal in 90 days.

That timeline would mean the tax plan would be released just in time for tax-filing season.

"We've done more than anybody in three years. We are going to be doing a middle-class tax cut, a very big one. We'll be doing that. We'll be announcing that over the next 90 days,” President Trump told Maria Bartiromo, a Fox Business anchor during a Davos interview.

He echoed that sentiment to other journalists. "We're talking a fairly substantial ... middle-class tax cut that'll be subject to taking back the House and obviously keeping the Senate and keeping the White House.”

Trump declined to provide specifics about the plan.

But reducing the 22% marginal rate to 15%, an idea that policy analysts have floated, would deliver a $770 billion tax cut through 2025, according to analysis from the Tax Foundation, an independent tax policy research group. The concern with that cut, however, is that benefits to the middle class may be less than stellar, since the majority of their income is not taxed at the 22% rate.

If cutting the rate doesn’t accrue to the middle class, the White House should look at “broadening eligibility for refundable tax credits as a more direct route for a middle class tax cut,” Daniel Bunn, director of global projects at the Tax Foundation said.

The White House has been saying for several months that they plan to release a proposal for a middle-class tax cut as Trump runs for reelection. The exact contents of the package are still being discussed.

White House National Economic Council Director Larry Kudlow said the proposal could be unveiled "perhaps sometime later in the summer."

Trump first said he's planning legislation for a middle-income tax cut in September last year.

In October 2018, Trump floated unveiling a middle-class tax cut ahead of the midterm elections the following month, but didn’t make the proposal.

A new Trump tax proposal would be highly unlikely to pass the current Democratic-controlled House.

For now, the proposal may be more of a talking point for Trump on the campaign trail, where he is touting the robust economy, stock market performance and his 2017 tax-cut law.

In the meantime, Democrats are hoping they can use the 2017 tax cut against President Trump in 2020, pointing to the fact that polling has not found widespread support for the law. Democrats believe polling shows support for their proposals to raise taxes on the rich.

In fact, U.S. households paid about $1,300 less in individual income taxes in 2018 as a result of the tax cut, according to the Tax Policy Center. About 65% paid less tax, 6% paid more tax and 29% paid about the same, the independent group found. Broken down by income, however, tax cuts accrued to a greater extent to higher income households, the group found.

The president also promised there are health care initiatives coming. "We've done well with health care. We got rid of the individual mandate. That was a thing people couldn't do, they couldn't afford it, they didn't want it,” Trump told reporters in Davos "They were forced to pay a number and not get health care. We are coming up with a plan that is going to be fantastic."