U.S. President Donald Trump hosts a tax reform industry meeting at the White House in Washington, U.S., October 31, 2017. REUTERS/Kevin Lamarque

WASHINGTON (Reuters) - President Donald Trump said on Tuesday that he was not looking for the corporate tax rate reduction that the White House is seeks to be phased in over time.

“Hopefully not,” Trump told reporters when asked about the issue during a meeting on tax reform at the White House.

Trump said he wanted lawmakers to pass a tax reform bill by the U.S. Thanksgiving holiday in late November.