that is one of the things on our list we are going to work on just as the secretary mnunchin said.e will get back to you with definitive answers on all these details. >> reporter: on the 1025, 10:30 five, do you have income brackets established? >> again, we are in constant dialogue with the house and senate, as the secretary said, we are holding a bunch of glistening groups right now. we have outlines, we have a broadbrush view of where we're going to be, we are running an enormous amount of data on the proposals right now. we will be back to you with very firm details. we are confident where they're going to be, we just wanted to get them out and give you a broadbrush overview where we are. the president very much believes in taking input, as the secretary said, over the next month, we have a lot of different discussions with different groups. >> reporter: does it also means state and local income can't taxes, that deduction being illuminated? how about healthcare? >> yes. >> reporter: mr. secretary, thank you, aunt mr. cohn, when you talk about repealing the 3.8% obamacare tax f

a person like donald trump or a person like our -- some of our folks that -- like steve mnunchin and others are not going to see a big reduction. >> the president could see a big deduction. >> a lot of the deductions they enjoy are taken away. it's a massive tax deduction and what the president cares most about the is middle class. this is a targeted tax deduction for the middle class. it's also targeted at attracting business in the country and making sure businesses can pass on savings to their employees so people can put more pun in their pocket, enjoy the american dream, put their kids through college, and retire like people used to do like back where i grew up, you could work 30 years at american motors of chrysler and have a great life. that's the way things used to be. the president cares about the middle class, the american dream. that's what's in his heart. >> i remember quite well, many times over the course of the campaign, candidate donald trump talking about how he was going to raise taxes on the the hedge fund guys. as he called them. he said the hedge fund guys are get

. >>> stocks rallies this afternoon on the heels of a big announcement by steve mnunchin, he insistedat the trump administration is close to major tax reform that sent the dow jones soaring and it gained 274. >>> new jersey's unemployment rate drops to the lowest point in ten years and that rate dropped to 2.2% in march and that is the seventh dip in eight months. be the lowest rate since 2007 and according to the bureau of u.s. statistics they complainted they were working more than think time in state history. >>> today governor tom wolf voiced his support for planned parenthood and joined the group's president for a round table in bucks county and they spoke about how cuts would effect health services and he would veto any legislation that blocked women's access to providers. >>> and common pain killers to strengthen their warning labels to better protect mothers and children that are breast feeding. >> we are talking about codeine and tramdal. and ta kids under the age of 12 should not take the drugs and some are prescription only and some over the countser cough medicine still ha

. >> yes, steve mnunchin, jared kushner. ivanka trump. but i'm not necessarily in terms of -- i think the 100 days. >> it feels like 100 years! [laughter] >> it is an artificial construct. if you look back, administrations in the past, you know.not necessarily lot that really happens in the first one days. i think we probably should try to talk this construct aside. because you know ronald reagan didn't sign his first piece of legislation until march 31. it was on a breakfast tray in his hospital remember he was shot. and it was two-part dairy price supports. george w. bush's first piece of legislation he son was i'm sure you'll remember, the whistleblower protection act. and that was in april. so there is not necessarily a lot that doesn't get done in the first 100 days. i think we are a little bit you know, recent memory, obama clearly because we are in economic crisis there was a lot that happened. the stimulus bill and i kind of handicap that one. because getting politicians to spend money usually isn't a heavy lift. but the auto bail

there is also something with that mnunchin rule, making sure that this is not seen and is not ultimately just a stop to get the wealthy to get wealthier, that is important in terms of the public relations of this issue up your but the reality is we have to do better than we have done. >> jon: the president's supporters say if you cut corporate taxes, the corporations are not just going to hide that money in the hole. they are going to do something with it, spend it, hire people, buy cars and trucks, that's going to fuel economic growth. >> we have heard this myth about tax cuts for decades. there is no actual proof that tax cuts drive economic growth. the evidence shows that in fact, it drives economic inequality. back in the '80s, george bush senior referred to this type of economic policy as voodoo economics, and the same holds true today. there is example after example. look at kansas, they tried this recently and illuminated the state income tax. but it led to what's financial ruin for the state, cuts to services and a huge budget deficit, downgraded credit ratings, so we need to dis