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Whether polls show the taxpayers like it or not. and congressional republicans will be able to give themselves something to crow about as we enter the race for control of congress in the midterm elections. >> we're just days away, i hope. we want to give you, the american people, a giant tax cut for christmas. >> reporter: president trump touting a tentative deal on the republican tax plan after party leaders announced they have reconciled the house and senate bills, a major step forward. >> this bill is a bold departure from the broken tax code america has today. >> reporter: the key points o...

39.6. where they have agreed on at 37%. for the highest individual rate. i asked the house ways and means chairman kevin brady, one of the co-authors of the bill, sherpas of the process, why do that? take a listen. >> those incomes are high in california and new york and new jersey, illinois. they need relief because we are -- we're going to allow state and local deductions, property and income and sales, up to $10,000, and so the -- lowering that rate was important for those high tax states which democrats have complained about as well, and so this really is a solution they've been asking for...

Took an opportunity to highlight a statement put out by the irs as those reached an agreement on the final bill. here's what the president said. >> if congress sends me a bill before christmas, the irs -- this is just out. this is breaking news. has just confirmed that americans will see lower taxes and bigger paychecks beginning in february. >> all right. guys, so what's in it? let's take a quick look. first, the slashes of corporate rate from 35% to 21%. it cuts the top individual rate of 39.6% to 37%. it caps the state and local tax deduction at $10,000, giving them flexibility across prope...

>> democrats are calling on gop leaders to slow the process until newly elected senator doug jones can be sworn in. we'll have more on that in a moment, but for the latest on the emerging shape of the tax plan, let's go to capitol hill and cnn's phil mattingly. >> reporter: christine and ryan, you can name them. it's the president, the senate majority leader, the speaker. republicans say they are on the verge of passing their overhaul of the u.s. tax system, something that hasn't been done in 31 years. negotiators struck a deal on all of the top-line elements about how to reconcile the house a...

The sprint is on after a stunning political upset in alabama. republicans are rushing their legislative goal to pass a sweeping tax bill by the end of the year. the white house says it's confident it will get done. >> we're doing very well on the tax front. we have tremendous support. we have tremendous spirit. it will be the largest tax cut in the history of our country and i will say the republican senators and congress men and women have been incredible. so i think we will get there. it will be in a very short period of time. it will be the greatest christmas present that a lot of people ha...