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[woman] see, when really nice hotels have unsold rooms, they use hotwire to fill them. our 4-star hotels for half price. i should have been voted "most likely to travel." ♪ h-o-t-w-i-r-e ♪ hotwire.com save big on car rentals too, from $11.95 a day. >>> we're back. last weekend's horrific mass shooting in isla vista, california, once again focused attention on the nation's gun laws and raised concerns about the mental health system in america. mayor michael bloomberg is spending $50 million of his own money to take on the national rifle association. and push for more controls on gun ownership. i sat down with him in new york for his first reaction to this tragedy. let me start by asking you about guns. this rampage in santa barbara, as heart wrenching as it is, is there any reason to think that it gives new momentum to the debate for more gun restrictions? >> well, you certainly hope so. we've had shootings on campus and at the same time some states are passing laws to explicitly let people carry guns on campuses. i don't know what you were like when you were in college,

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not just those who have the resources to figure out how to anda brigade of lawyers accountants to hotwirehe system so they could take advantage of the latest loophole. i have developed a bipartisan proposals over the last few years with mitch mcconnell, senator dan coats. it builds on the good work that a big batch of democrats did in the 1980's. bill bradley, another tall democrat on the finance committee. ronald reagan. you go in there and drain the swamp. there has been something like 15,000 changes since that last tax reform. you go in there, clean them out, use the money to hold down the rates. when they did that in the first couple of years out of the box, created something like 6 million new jobs. toody can say it was all due tax reform but it helped set the climate and i think it could do so again. >> tell me the specifics. what would you for the corporate tax rates, personal rates? is it revenue neutral? >> i think of that program of -- growth is going to encourage job growth. it will encourage economic growth and that will translate into revenue. my top rate is 24%. it is really