T7 | CBS This Morning interview of Secretary Steven T. Mnuchin | April 27, 2017 | transcript published by interviewer CBS News | https://www.cbsnews.com/news/steven-mnuchin-trump-tax-plan-full-transcript/

Norah O'Donnell: Steven Mnuchin is with us from the Treasury Department. Good morning, Mr. Secretary.
Steven Mnuchin: Good morning, it's great to be here with you. Thank you.
O'Donnell: Great to have you here. As you mentioned this would be historic tax cuts. Estimated to cost the American taxpayer $7 trillion over a decade. So when will you tell us how you will pay for it?
Mnuchin: Well, let me first say this is about the most sweeping, biggest tax cuts and sweeping tax reform in history. And the president is focused on creating economic growth. This is all about economic growth and American jobs. And that's is what the president is committed to. In regards to the pay for, I don't know how people can estimate the cost since we don't haven't released all the details, but this is going to be paid for by economic growth and by a reduction of many, many deductions in special interest.

Charlie Rose: Mr. Secretary, the question is, what kind of economic growth do you have to have in order to pay for the tax cuts, the massive tax cuts you're recommending?
Mnuchin: Well, we feel confident that we can get to at least 3 percent economic growth on a sustained basis.

Rose: The Republican party is famous for being against debt and deficits. The president less so, what impact is it going to have on deficits over a 10-year period?
Mnuchin: Well, again Charlie, I think the president is very concerned that the debt has grown from 10 to 20 trillion dollars under the last administration and that's something we are very conscious of. And as we go through the details of the plan we'll be comfortable that we can pay for most of the plan. And that's something we will be looking at when we report the 10 year numbers.