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The majority leader in the house from the state of california says that is not the case. if you look at the overall tax bill and eliminate the amt, lower the rate. move up the standard deduction, what happens is you will pay less tax when you do your entire tax reform. so that s what happens. he made that argument. a lot of new york and new jersey republicans aren t sold so far, bill. bill: neither in california and a few other places as well. the roll-out today in the senate. will it happen? we re expecting that later today. the idea is going after the ways and means committee act. senator orrin hatch is expected to roll out the finance committee version in the senate. their plan on tax reform expected to be significantly different than the house plan. for example, it s expected to get rid all together of the state and local tax deduction, a senate moderate sounds cautiously optimistic. we do need to provide tax ....
Russ, what happened here? we got ourselves a legislative language mess here. well, it s a complicated statute, lawrence. it was a big bill and what happened was when we merged two difference versions of the bill, the bill from the finance commit and the bill from the health committee, we took the pieces and decided the tax credit should be available, but that was the finance committee version. and we added that to the health committee version which gave the states the option to establish their own exchange or to rely on the federal government, we failed to bring over a a small piece of language that would have clarified that when there is a federal exchange operating in the state, that the tax credits are available for ....
Insurance through those federal exchanges could lose it if the supreme court reads that sentient to mean only the words contained there. joining me now, the person who supervised the writing of that report and ezra cline, msnbc policy analyst. russ what happened here? we got ourselves a legislative language mess here. well, it s a complicated statute, lawrence. it was a big bill and what happened was when we merged two difference versions of the bill, the bill from the finance commit and the bill from the health committee, we took the pieces and decided the tax credit should be available, but that was the finance committee version. and we added that to the health committee version which gave the states the option to establish their own exchange or to rely on ....