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Senate on designing things. and we'll 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. we're 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 morning. 35 to 15. does it sound right to you? >> that is what the president says he wants. >> bill:...

Treasury secretary steve mnuchin offering a preview in simple terms. >> on the personal side we're a middle income tax cut and simplification. business side we're 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. mnuchin's comment were perfect. it will pay for itself with more employment and payroll taxes and income taxe...

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 trump's 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 president's tax plan. >> president trump: under my plan no american company will pay more than 15% of their business income in taxes. they offer free c...

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: there are skeptics on this plan including bernstein, here is what he said. these promises about all...

Eight-month plan. is that right? >> no, i think what you'll 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. it's important to realize we can walk and chew gum at the same time. we've already passed 213 bills out of the house this congress since january. the senate has completed work on 28 of those. so we're going to encourage our friends in the senate now that justice gorsuch is on the bench to pick up the pace and get these bills to the president's desk. >> bill: we'll see it on paper tomorrow i assume. have you seen...