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Gr grum belling on capitol hill. >> the president said he was going to release these principles. most people in the white house were unaware. i think there was a lot of concern that most capitol hill players including the key ones, the speaker's office, finance chair, weren't looped in into what was going on come out in advance. behind the scenes those tax writers have been working together trading proposals back and forth. the houses had their own plan more or less. they would like to be looped in on these type of things. i think while there were key tenants in those principles yesterday that...

Mr. trump a lot. >> right. that's the main criticism of the tax plan. it is significant for the administration that they are finally moving from talking about tax reform conceptually promising the tax cuts and putting hard numbers on the table. the main problem with the blueprint is it doesn't answer the central question. how do you pay for a tax cut this high? that is the question when it comes to tax policies coming from republicans. for the trump administration this seems like an effort to learn from the debacle that was the negotiations. stake holders were not brought in at the front end t...

You're talking several months. and so i think the process is beginning on that. i think you can have a dual track strategy. it's not an either/or proposition. >> you described what was going on at the meeting today as a first phase. can you lay out what is somewhat entailed in that first phase? what is involved in this first phase? >> little of both. they're talking about the process that they intend to partake. how this is going to lay out, who they're engaging with, how they're going to begin that process. some of the guiding principles of making sure that any updates that he has or principl...

To plans that might initially add to the debt? >> when it comes to tax reform, he's got three under lying goals. one is lower the rates. three is to grow jobs and the economy. part of it is if you look at it dynamically, as the plan develops. as i mentioned earlier, we're not there yet. we are in the process of engaging stake holders. there's a cost put on it. that's going to be a decision that gets looked at, as well as what are the job creation aspects of it. without knowing what the full scope of it, looking at it and answering it in a vacuum. >> if i can clarify one thing with "the new yor...

Phases of both of those. and so to have a score or cost when we don't have those formalized yet. afternoon i think we are in the beginning phases of having those discussions with both stake holders and members of congress on both sides and obviously internally the formulation of those plans is continuing. so, until that happens i don't see it having a formal cost or a score. >> cbo now? >> it's not a question of trust. remember, i want to be clear about what i said before. i think when it comes to cost estimates and budget issues, which is what the cbo is charged to do they are the congression...