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In the american history. >> understand -- under the trump plan, we'll have a massive tax cut for businesses and massive tax reform in simplification. >> this isn't going to be easy. we're determined to move this as fast as we can and get this done this year. >> we will be attacked from the left and we will be attacked from the right. but one thing is certain. i would never, ever bet against this president. he will get this done for the american people. >> bret: well, white house briefing filled with economic analysis of the president's tax reform plan. bullet points here of what it looks like ...

Drug -- would he see a big jump, too. most individual deductions would go away with this plan, except for charitable, market interest, and retirement deductions for the tax bracket would get simpler. right now, there are seven brackets. if president trump gets his way, they would be three. the top rate, 35%. rental rates, 25%. low rate, 10%. the corporate tax would plummet to 15% from 35 right now. >> and 2017, we are still stuck with a 1988 corporate tax. that is why we are now the least competitive country in the developed world when it comes to corporate tax. >> that is why administration o...

In the american history. >> understand -- under the trump plan, we'll have a massive tax cut for businesses and massive tax reform in simplification. >> this isn't going to be easy. we're determined to move this as fast as we can and get this done this year. >> we will be attacked from the left and we will be attacked from the right. but one thing is certain. i would never, ever bet against this president. he will get this done for the american people. >> bret: well, white house briefing filled with economic analysis of the president's tax reform plan. bullet points here of what it looks like ...

Later. we want to make sure we don't strand them out there in the future. very important for competitiveness. the rates and how it's used will be part of the roll-up-your-sleeves discussions that we'll have. >> these rates, 10, 25, 35%, are you okay with those? the top rate is 33%. is it likely going to be the higher rate? with 15%, you were at 20%. what do you make of these differences? >> yeah, the rates are close, neil, on the individual side. very close. on the business side, we obviously want the rates down as low as we cannot just for the big businesses but the small businesses, the owne...

News. [laughter] >> income taxes, why aren't they fair? we pay too much but the left don't care. [laughter] you can't stand the forms, can't stand the stress, need a new plan to end this mess. so for trump's plan, here's the deal, the changes are huge, the reductions are real. cut the brackets from 7 to 3, simplify the forms for you and me. slash the corporate tax by 20%, allows more money to pay the rent. and last for the rich, the top rate adopts from 40 to 33 which is why lou is smiling, most definitely can. [laughter] [applause] greg: i call him the yeasty boy. [laughter] all right, coming...