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Charles hurt, opinion editor for the washington times. long time coming, steve, this is finally in the stone. it seems like the momentum is unstoppable right now. >> it seems like that. of course, we thought that before. the obstacles have prevented themselves. nobody is happier than this then charles hurt who saw the top rate from 39.6% to 30 -- i know you want to bring it down even further. overall for republicans, this is important for a couple of reasons. one, it will likely have some type of economic benefits for this is what republicans argued all along, they argue what the benefits will...

This legislation. and the entire revenue structure of the country in about 3 1/2 weeks from the time this bill was put before the ways and means committee until the time that they're going to sign this conference report and then perhaps vote on it early next week, there has been no input from democrats. >> well, can you help me on the input here? because why is it that the top tax rate, the richest people, are getting a cut to 37% when i can't find anyone, any portion, that asked for that? it wasn't in either side. it's not like you're seeing rich people protest on the hill. you know, 38%, 37%...

Corporate alternative minimum tax, disappears if this becomes law. and the obamacare fine for people who do not want to pay for health insurance, the individual mandate, goes away as well. >> the bill is put together. it's not a done deal until all the votes are in. >> that bill might not be quite as simple as advertised. >> simplifying the tax code you can file your taxes on it for them the size a postcard. >> because there are seven tax brackets for single filers and seven practice packets for people married a joint return, the top rate for both reduced from 39.6% to 37%, beginning at $500,0...

Next week and here are the details. we put them up before grade seven tax brackets, top rate individually at 37%, taken down from 39.6. doubles, standard deduction for single filers and married couples. we talked about the 21%, that begins january 1st, 2018. you have a continual right off her state and local taxes up to a certain amount, expands the child tax credit, that was a sticking point. eliminates the corporate amt, continues the charitable deduction, provides immediate relief from the death tax, the estate tax, by doubling the current mount for the exception. limiting the tax. today we...

>> everybody stand by. we've got some breaking news. i want to go live to capitol hill right now. we're just getting in the final details of the republican tax plan. our congressional correspondent phil mattingly is standing by. phil, what are you learning about this bill? >> reporter: well, wolf, this bill has just been filed in the house, more than 500 pages. bakely what everybody's been waiting now for weeks. here are the changing, the corporate currently at 35%, that will drop to 21%. on the individual side, there will still be seven brackets like there are in current law, i'm going to rea...