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This point. rates will be lower. pete: rates will be lower. >> but still seven brackets. pete: income brackets different? are they just lowered at every bracket or could you be moved into a different bracket? >> no. they have shifted as well. with the point of trying to bring everybody down just a little bit. pete: got it. steve: what's the final verdict with the state and local tax deductions, larry emailed us. >> well, all of us have had our fingers crossed on this one, all right? steve: salt states. >> what it looks like the final plan is going to be, $10,000 of salt deduction. however, it'...

That's an important part of the conversation. because the salt deduction is so important in the house. in the senate, in the finance committee, we wiped it out. we moved it to the floor, which was to allow up to a $10,000 deduction for property taxes. there's members in the house that would like to see optionality. we're looking at ways to solve that. one of the suggestions has been to lowter top rate. that brings some relief in the high tax states. so those are all -- >> neil: do you like that personally, senator? >> those are all levers that we're working with. i think that, you know, obviou...

Happened really in the senate bill in the dark of night. heather: all right, let's get to ron, ron, do you disagree? >> well, yeah, hillary clinton ran on raising taxes on the same people and on raising spending to the point where they would be higher deficits. this is the issue, is that there is -- there is a real point here, is that the senate bill does raise taxes on tens of millions of americans, a republican bill should raise taxes on no one. house bill is a little bit better. the problem can be easily fixed. large corporate tax cut and not have the biggest ever but still have a pretty bi...

Will consider the best of both plans. we might have things in our plan they really like, that will be part of the regular order. leland: let's talk about those differences and what needs to be worked out between the house and senate plan. the alternative minimum tax on the list, salt deduction meaning local and state income deductions, the pass-through rate, the individual mandate, there was a big part of the senate, the estate tax, does it get repealed or not? individual rates still aren't matched with these two bills, the mortgage interest deduction not matched, the house has 500,000, the se...

Sunday, national security adviser mc master returns to fox news to join chris wallace in the seamy valley. check your local listings. leland: still had with michael flynn's guilty plea in the russia probe, that happened friday. will it detracts from the overnight tax victory. >> frankly last night was one of the big nights. >> michael flynn -- >> we will see what happens, thank you very much. a tiny sword? bread...breadstick? a matchstick! a lamppost! coin slot! no? uhhh... 10 seconds. a stick! a walking stick! eiffel tower, mount kilimanjaro! (ding) time! sorry, it's a tandem bicycle. what? w...