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Announcer this week, the senate and house continue work on the Republican Health care bill. We spoke with a reporter. Eric wasson covers congress for bloomberg news. The house and the Senate Republicans are working on tax reform legislation. The Senate Finance committee begins its markup on monday. You have been writing about some of the key details. What are they . The important thing to say is their basic architecture is the same. They both have big Corporate Tax cuts, the house bill would drop the corporate rate from 35 to 20 effective in 2018. The senate does the same thing, but delays that by one year. Both would reduce the International Tax rate and both would have tax increases for individual tax rate and double the standard deduction and both would have tax increases for those who itemize their deductions. The big issue that is controversial is the set state and local Tax Deduction. This is one taken by a lot of uppermiddleclass individuals in the house. They retain the ability to deduct property taxes up to 10,000 a year. In the senate, that as well as the income Tax Deduction would go away. Those are the main points people are going to be looking at in the bills. One of the things that was surprising is if the senate retains the medical expense deduction, something that if you repeal it at the house, that can cause hardship to people with severe medical problems. From the Senate Finance committee, who should we be paying attention to in terms of the leaders on both sides of the aisle . The leaders of the Committee Orrin Hatch and ron wyden have a history of making bipartisan deals. This is being structured as a partisan tax bill. It will be using the Senate Budget procedure, which allows republicans to pass without any democratic help as long as they keep it below 1. 5 trillion in revenue losses over 10 years. And not increase the deficit after 10 years. The current draft of the senate bill does have a problem. They will have to change that in order to maintain the ability to pass it. We are likely to see some of those Corporate Tax cuts expire in the 10th year. We are waiting to see details on that. When will the full senate be taking this up . The full senate plans to take it up after the thanksgiving break, according to majority whip john cornyn. On the house side, the ways and Means Committee has finished its work on the house measure. Thats heading to the floor possibly thursday. What changes did the committee make to the measure . They made some detailed changes, especially to benefit small businesses. There is now a 9 tax rate for very small businesses, income of less than 75,000. That was a key concession. However, there are still major problems in the bill for some of the republicans in the house. The state and local tax discussion continues to be an issue. There are at least 23 House Republicans in districts that were won by Hillary Clinton where that is a major issue for the majority of the people. There could be an amendment to perhaps allow some of these state income tax to be deducted. But even proponents of that change say that if speaker ryan can get to 218 votes, theres not much to be changed. 20 House Republicans voted against the measure, mainly because of those limits you talked about to the state and local Tax Deductions. How much support do you think it will get from House Republicans, and what about democrats . There are really no democrats coming out on this bill. The key question is what is the california delegation going to do . Most fell in line with the budget vote setting up this tax bill. Darrell issa, were looking at others like tom mcclintock, and royce, to see where they would fall. So far, its been new york and new jersey delegations that have been leading this charge. The margin will be tight because theres a small group known as the house liberty caucus, there they are big deficit hawks. Thomas massie, who voted against the budget, they are likely to vote against the tax bill again over the 1. 5 trillion deficit increase. That gives house leaders a very small margin to work with. Erik wasson on twitter, we will follow you on bloomberg. Com. Thank you for your time. Thank you so much. Watch cspan this week as Congress Debates tax reform. The Senate Begins its review of the tax bill on monday. The house debates on thursday. Live coverage on cspan. Get details at cspan. Org\congress or listen using the our free cspan radio app cap. At cspan, where history unfolds daily. In 1979, cspan was created as a Public Service by americas Cable Television companies and is brought to you today by your cable or satellite provider. This week

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