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Some significant differences here, are we expecting a protracted fight between the two chambers or will this move quickly? >> no, i think they've shown that they want to get this done. they fear failure enough that mare motivated to find common ground between them, look, normally, passing a tax cut politically is a slam dunk. this is more of a political gamble. you're looking at polling 2 to 1 opposed. 60% says it will again the rich at the dispense of the middle class. they're own score keeper saying it will increase the deficit by $1 trillion just as the baby boomers are moving into retireme...

Easy questions. is that a good idea? >> well, if you think that it is vital that the deficit not go up more than expected, yes, it is a good idea. but there is very good reason to think deficit will go up more than expected. there's pushback. we heard some of it in the last hour. grover norquist, people like that complaining. and there's one wild card that has been thrown into this equation today. that the joint committee on taxation, the official score keeper of congress, which the republican leadership wanted to without their estimates, they have told democrats that they are racing to provid...

Middle income parents are going to see tax hikes. put that aside. parents makes me think of kids and students. remember, you're getting rid of the deduction you get for student debt. no longer can parents deduct what do you call it, ali. >> tuition. >> you can't deduct tuition. these are things that matter. come on now. >> we're going to keep on talking about all of the things that are affected in this for the next few minutes because it really is kind of important. let's talk about how many of these tax cuts affect certain groups of people. >> listen, when it comes to these tax plans, there a...

Let's go to people making 20,000 to $30,000 a year. under an estimate from the joint center for taxation. >> jct. >> congress is sort of score keeper of the impact of these tax bills. it says that those people are going to start seeing higher taxes in 2021. by 2027, taxes will go up for everyone making $75,000 and under. so i want to show this to you a different way. these bars represent the percentage change in after tax income by 2027 based on this bill. take a look at the right side. that's the part where you make lots of money, over $1 million. you're seeing an increase in your after-tax i...