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April 25, 2017
Senate on designing things. and well be coming out as the president said with more details on wednesday. >> bill: that was in the briefing room yesterday. treasury secretary. the white house will announce a plan tomorrow. were already learning on one of the possible changes. a massive slash of the corporate tax rate. president trump said to be looking to cut it down from 35% to 15%, which would be massive by washington terms. tennessee congresswoman marsha blackburn is with me in studio. good mo...
April 25, 2017
Treasury secretary steve mnuchin offering a preview in simple terms. >> on the personal side were a middle income tax cut and simplification. business side were about making them competitive. the tax plan will pay for itself with economic growth. >> shannon: good to see you this morning, art laffer. >> say hello to bill. >> shannon: he says hello as well. this is a major undertaking. is it smarter to roll out a big plan or put it out in bite size pieces. >> do it in bite size pieces. mnuchins co...
April 25, 2017
Flynn his job. >> bill: in a moment here the house speaker paul ryan said to be on the hot seat? is he? republicans look to score a win on president trumps 100 day milestone. is the speaker on the way out? kevin mccarthy will answer the question and clear up the air. >> shannon: president trump looks to make good on one of his campaign promises word for word. former member of the trump transition team marsha blackburn will help us dig into the presidents tax plan. >> president trump: under my pl...
April 25, 2017
Pay for itself right away and that is exactly what should be done. the corporate tax cut done now individual income tax takes a lot more analysis because there are all sorts of issues that i think are phony but redistribution and allocations there, those things people like to talk about but there is no redistribution issue on the corporate tax whatsoever. get it done. create the growth and i think mnuchin have done the great job and the president on this and gary cowen great on this. >> shannon:...
April 25, 2017
Eight-month plan. is that right? >> no, i think what youll see is healthcare go ahead and move over to the senate. at that point the house can go ahead and move forward on tax reform. its important to realize we can walk and chew gum at the same time. weve already passed 213 bills out of the house this congress since january. the senate has completed work on 28 of those. so were going to encourage our friends in the senate now that justice gorsuch is on the bench to pick up the pace and get thes...