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Strong vote. i'm confident the senate will follow. >> it's a fairly good product. >> i'm still looking at it. >> i will still be a no. the changes in the salt deduction actually don't satisfy the needs of the people that i represent. >> i'm very proud of this bill and what it does for ordinary people. i think senator rubio and senatorly's suggestions about the child tax credit were an improvement. we have simplified it. not as much as i would like but this bill is going to touch just about every american. >> sandra: john roberts is live on the north lawn. a big day ahead of you and for all, jo...

You are going to have awkward interviews i think when you try to explain to people what the bill is. >> senator kennedy is doing his rest to read the bill. he is still reading. i believe he is reading the whole thing. i don't believe everybody else is reading the whole thing. come february or march, there are going to be things that catch them off guard. >> i think the biggest thing here is the salt deduction of even though donald trump did not carry new york, california, house republicans still hold seats. those are more than half the seats democrats need to take back the house. >> two things...

Advocating. it is still the number of brackets still, the same, et cetera. it really in many ways kind of moves things around. there's a major corporate tax rate cut in this bill which is something they're selling as a job creator and really kind of hanging all of this on. but for him i think this is a significant political victory. we are expecting this to pass relatively easily. they will likely see some defections from -- and we've talked a lot about this, chris, these republicans who come from blue states where there are high state and local taxes. some of them just on the floor now talkin...

Flexible and adaptively deployed into industry and development. so the premise is we'll create more capital at the corporate level and wealthy families but there's no incentive for it to be invested, and the works with the salt deduction -- i want to have money to invest but i'm not going to compel investment in society. and the price of doing that is the salt deduction which is the which comes from the economically active states in the exhibit1 at the expense of the public school system and infrastructure. so you're saying i'm going to raise the cost of infrastructure in new york and californ...

Average the expectation is that individuals will get a tax cut through this plan. they will sunset in a2025. they will revert to what they are in current law. they're doing that because it's expensive. also a key thing that everybody's been paying attention to, the state and local tax deduction, the conference agreement expands that. originally only allowed a $10,000 cap for property tax deductions. that will also allow income and sales tax as well. some combination of two of those will be allowed for the salt deduction. important for states like new york, new jersey, california, illinois, sta...