Trump meets with Congressional leaders on tax reform

(CBS) -- President Trump sat down with House Republicans and Democrats to talk tax reform.

"We want to have a great new tax cut and reform simplification and massive cuts and we want to get our country working again and competing again worldwide," Trump said.

He's making a pitch to both parties to get Congress to act on one of his top priorities.

The president has not provided a specific plan for a tax overhaul.

"The rich will not be gaining at all with this plan we're looking for the middle class and we're looking for jobs."

Republicans on Capitol Hill are working on the details and have promised a draft by the end of the month.

"I'd love to have the Democrats supporting and working with us in a constructive way on tax reform, but we're going to do it no matter what," said House Majority Leader Paul Ryan.

After Republicans failed to repeal and replace Obamacare, this White House sees wooing Democrats as one way to ensure tax reform has enough votes to pass.

"The president made the point the most significant legislation has had bipartisan support - we haven't had that," said Rep. Peter Welch.

Welch and fellow Democrat Tom Suozzi were in Wednesday's meeting.

"He made a point over and over again this is not about tax cuts for the wealthy - and it would not succeed if it was," said Suozzi.

Most Senate Democrats have said they won't support a package that cuts taxes for the top 1%.