milestones, and it has been a remarkable eight years since the depths of the recession, and this is fueled by tax reform and the hopes it adds to profits. s&p 500 profits expected to skwrujump just because of the taxes. they will make a lot more money because of tax brackets. just hours away from the final tax vote, and this time the really final tax vote. well, maybe. why some republicans have decided to fight the president on this and the party. stay with us. let s begin. yes or no? do you want the same tools and seamless experience across web and tablet?
to start this vote series just about right now, as you want on the air, starting the final tax vote about 11:30. i was told we are going to have some more speakers on the senate floor. they like to talk. the boat series won t start until 11:45. the first vote is procedural. this deals with those things that don t fit into this special budget reconciliation process. what they will do is get to the actual tax vote probably around 12:15 with a result around 12:30, 12:45. then they have to knock it back to the house of representatives and that s where they will approve what the senate has done. the problem here, shannon, is that the house passed a bill this afternoon. they have these special budget rules in the senate so they can use this special process to get her on filibusters. they had to toss those things out to comply with those rules and so therefore the bill change. the bill will change tonight in the senate and the house and senate will not be in alignment. so the senate will pass
the challenge for democrats is, can they say to the poor voter, they screwed you over? dana: chris stirewalt, thanks for joining us. president trump is about to take the stage so stay with us. shepard: a live look at the white house. stand by with us as fox stations join us for live coverage at the white house starting now. good afternoon from fox news in new york. i m shepard smith on the fox news channel on satellite and cable. at the white house, the president says he s holding a celebration with lawmakers giving the president his first legislative win. during a cabinet meeting today, the president called for the tax vote a historic victory. they re going to start seeing the results in february. this bill means more take-home pay.
estate. that was the bulk of the taxes he paid that year, lowering the tax burden on pass throughs. pass throughs pay taxes through an owner s tax return and make up the majority of the trump business order. commercial real estate for example, like reducing the tax on income from real estate investments and larger deductions on commercial property. and an interesting development emerging from the tax vote. bipartisan daca bill will be on the floor in january. flakes vote on taxes has been linked to dreamer discussions and dreamers are just one element lawmakers are grappling with as they try to keep the lights on a government funding bill is due friday. all sides agree on one thing, they don t want a shutdown, but avoiding one, that s another story. the main battle between house
tax vote is to break a tie. mathematically speaking there cannot be a tie. so it factually makes no sense to say that mike pence had to bail out of his middle east peace trip because he was urgently needed on the hill. it s a nice story, it makes him sound very responsible and not at all afraid to go to a place where he s not wanted and where he s going to get yelled at. but once again it s a story that is factually implausible that s coming out of the vice president s office. and it is by a million miles not the most important thing about this vote that we are all waiting for tonight. but, boy, howdy, if the vice president wants to get famous for one thing, this isn t the kind of pattern you would want to be famous for. what else is he famous for this past year? after the 2008 financial crisis which started right at the end of the george w. bush presidency carried over into the first year of the obama presidency, after