Expensing Provision News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Size of the economy and will create jobs. that's good news. >> paul: one of the things the report that seemed to say, that i read, was this $1.5 trillion cost over 10 years, a third of it or so will have been made up by the faster growth in the first couple years. >> that's exactly right. that's what our model predicted as well. in fact, we expect that as much as a trillion dollars of that static cost will be recouped because of the higher economic growth. and that just tells you that this is an extremely pro-growth plan. the supply side of it is working, things like the corporate rate cut esp...

One is the incentive to bring back those earnings, as i was just mentioning. an expensing provision that says if an american company will invest in manufacturing here in the united states, what will happen is that they can write off 100% of that for the next five years. that's a good thing. when you start looking at bidding factories in the united states versus building them in vietnam or other places obviously it means more jobs and certainly puts pressure to make sure that wages go up. there's nothing that says you have to spend it on this but there are great financial incentives to have the...

Standing, made clear he wanted to read the bill over the weekend. 50 pages of light weekend reading, he is now officially a yes on the bill. brooke, that puts all eyes on senators jeff flake and senator susan collins. we don't know where they currently stand right now. senate republican aides feel very good that both, not just one, but both of them will eventually be yes votes. senator susan collins put out a statement touting the win she had in the final conference report, the things she got in exchange for her yes vote on the senate proposal the first time around. also in the final conferenc...

Where is this bill actually right now? >> reporter: anderson, today was a great example that a deal in principle, which republicans said they had yesterday, does not a final bill make. right now you're seeing various senators, four, mostly, raising concerns about the potential deal going forward. that means that there's a lot more work to do. you have senator susan collins voted yes the first time around. republican aides saying they feel like she's in a good place but there's work to do there. jeff flake had concerns about the expensing provision in the original bill. that still needs to be a...

Well, time is running out for republicans to pass tax reform next week before leaving town for the holidays republicans already have a razor sharp margin and can only stand to lose three votes and have key senators voicing concerns. you've been talking to republican sources. where is this bill actually right now? >> reporter: anderson, today was a great example that a deal in principle does not a final bill make. right now you're seeing various senators, four, mostly, raising concerns about the potential deal going forward. that means that there's a lot more work to do. you have senator susan ...