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Maybe offering something more enticing to high end taxpayers beyond the 38.5% top rate. have you heard any of the above or for that matter the president's thinking or any of the above? >> it's interesting to see the white house's evolution on thinking about the corporate tax rate in particular. that's one of president trump's highest priorities. the first when the rubio lee amendment came out, the amendment that would raise the tax rate to 22% to pay for the child tax credit. the white house is against that. now that the bill has moved into conference and there's talking about raising it to 22...

Out and say that that was something that was very important. the senate bill leaves the mortgage interest deduction capped at a million, which is what it is in existing law. so now you have that entire constituency definitely prodded by special interests, you know, like the realtors, pushing to keep it. but that's also an expensive provision, and what we're coming up against here, paul, is with everybody coming back to the table, there isn't a lot of place to drum up revenue. and the big risk here is that you do end up slipping on that corporate rate, going back to 22%, and then you're in the ...

Something that was very important. the senate bill leaves the mortgage interest deduction capped at a million, which is what it is in existing law. so now you have that entire constituency definitely prodded by special interests, you know, like the realtors, pushing to keep it. but that's also an expensive provision, and what we're coming up against here, paul, is with everybody coming back to the table, there isn't a lot of place to drum up revenue. and the big risk here is that you do end up slipping on that corporate rate, going back to 22%, and then you're in the same situation. handouts h...

About a laborer, a member of the union in pittsburgh. he talks about the work:00 people. the average lds person isn't rich, in utah or anywhere. why would he give them all these breaks? outside there is no minimum alternative tax. they gephardt the top rate down. they get to give $22 million to their kids without any taxes. what's that got to do with the average person living in sandy, utah? >> orrin hatch is a lot like ronald reagan. they started out as fdr democrats who moved over. but look at the agenda, you know. this is the agenda now of the white working class that votes republican, swin...

The republicans and who want to get their tax reform bill on president trump's desk by christmas. you might be wondering what's to happen to your bottom line. right now, we're going to fill you in on what you need to know so you can sound smart or at least not get in a fist fight over your thanksgiving dinner. joining me now to break it all down, brendan greely, economist, free exchange bloc. politico's chief economist ben white. and cnbc contributor ron insana. i stole this idea from you. i heard it on your podcast. it's brilliant. so let's start nfrom the beginning. we're all sitting at the ...