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President clinton's rate was also the 39.5%. would you want to see that 37% pushed up to the clinton/obama rate? >> well, i think -- certainly i think that's reasonable when you look at all the necessities that we have and the places to fund, especially if you also look at the national debt. we can't keep spending and giving tax breaks to, you know, large corporations and the wealthy. i think it's worth taking a moment just -- and pointing out that so many different companies and corporations and enterprises are enjoying tax breaks and loopholes of all different kinds that maybe the first prio...

All in the studio. good morning to you. >> good morning. god bless you. steve: greg, we will start with you since you are in the baking business. these are big tax cuts not just crumbs. >> no. fantastic tax cuts, steve. thank you for having me. a lot of conversation revolving around the tax cut has been the reduction of the percentage of taxes that people pay. my particular situation it's gone from 39.5 to 37.5. more beneficial to my company is the accelerated depreciation schedules

But, i mean, the reality is some of those things that you mention not being there we got knocked out. for example, this johnson amendment, that is basically citizens united 2.0 that the republicans have been pushing. they want to get the churches into politics. we are talking about billions of dollars and billions of dollars worth of deductions. democrats got together and got it knocked out. but what people still need to remember is the bottom line, the breaks for the multinational corporations, that reduction from 35 to 20, well over a billion dollars -- a trillion dollars, excuse me, is perm...

Reporting on weeks and weeks on this bill it is so important to the republicans politically to get this passed so to play chicken on a personal priority on this bill at this very late stage in the game, is a pretty big gamble and i think not a lot of senators will want to take. >> megan, first off, the president's going to speak at 2:30, talking about rolling back regulations. we've got a camera in the oval waiting for him right now. we're going to go there when he comes out. in the meantime -- i'm sorry the roosevelt room, my bad. sorry about that. >> in the meantime this tax bill, you're tak...

Mcmulvaney joins us now with more. so an exciting time. is this thing done, director mulvaney. >> it's not over until it's over. but it's really, really close. we hear good things last night and this morning off of the hill. what will happen we think now is it should be reported out today. you give both the house and the senate a chance to vote on monday and tuesday of next week, and that's when it would be over. but it sounds like they made a great deal of progress in the last 24 to 48 hours, and we're very close to a deal. ainsley: people want to know what's in. what's out. 37% of the top in...