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Simplification this started out to be. you're not going to be able to pay your taxes on a postcard. they did not deliver on that, but they did deliver on big corporate tax cuts with no guarantee it will add to jobs or wages, although that is the hope of the planners. it lowers the seven individual tax brackets, including the top rate down to 37%, but the bill also restores or expands popular benefits missing from earlier versions, like the state and local tax break that allows filers to deduct local property income and sales tax. repealing it meant resistance from lawmakers in high-tax states....

Bills. the so-called corker kickback. today his office is pushing back very aggressively against any insinuation that he got some kind of personal deal out of this, although we have not heard from himself yet today. >> garrett, thank. we'll stay close. gait ha garrett haake for us on capitol hill. and the republican tax bill. i want to talk about the major features in it. anything that applies to individuals in terms of a tax cut. see if i can get that to work. there we go. anything that has anything to do with individuals expires after '25, 2025. temporary tax cuts. and search rates. four b...

Democrats, in the past, neither have been responsible about the debt. they just keep -- and republicans who claim to care about the debt are voting to steal $1.5 trillion from millennials, the very people who 48% are saying, no, we don't like the republican party. those are record numbers. >> the house rules committee is set to meet today to lay out the rules for debate around the gop tax bill when it heads to the house floor for a vote. speaker paul ryan has signaled that could happen as early as tomorrow. the move comes after house and senate republicans unveiled their joint tax bill friday ...

Corporate alternative minimum tax, disappears if this becomes law. and the obamacare fine for people who do not want to pay for health insurance, the individual mandate, goes away as well. >> the bill is put together. it's not a done deal until all the votes are in. >> that bill might not be quite as simple as advertised. >> simplifying the tax code you can file your taxes on it for them the size a postcard. >> because there are seven tax brackets for single filers and seven practice packets for people married a joint return, the top rate for both reduced from 39.6% to 37%, beginning at $500,0...

Those at the top. and the president repeatedly said he didn't think he should be getting any tax relief. he's going to get a whole lot of tax relief. i mean, the top rate is going to go down. the top rate's going to go from 39 to 37. i'm telling you, the middle class writes 70% of the economic activity in the country are getting the shaft here and they know it. >> let's talk about what is in this bill and what's not in this bill. remember, we're not going to see it until 5:30, so we only have the reporting to rely on. this was tweeted, there's going to be a higher, what's being removed from th...