House Speaker Paul Ryan . This was a huge win. Ryan has said hes wanted to do tax reform basically since before he entered politics. Hes a disciple of jack kemp. He was very involved in the 1986 tax reform effort. Ryan, i saw someone tweet that yesterday was basically ryans dream since he was waiter at tortilla coast, a Mexican Restaurant on capitol hill. This was basically a lifetime goal for him and huge political win for him. He put his full weight behind this effort and got it past the house of representatives despite the fact that it some members in his own conference had some reservations over it. The attention now turns to the senate. What are some of the key differences in the bill coming out of the Senate Finance committee versus the one that passed on the house floor . The Senate Version of the tax reform has a repeal of the individual mandate, the requirement within the Affordable Care act that individuals Purchase Health insurance or tax penalty. Conservatives hate that. There was a push within the senate to try to get this included. Appears that was successful although some are still hesitant to vote for a tax reform package that has that. It has temporary tax cuts that will phase outside for individuals whereas the house plan plans on something more permanent. Also differences on the mortgage Interest Deduction the house cuts in half. The finance committee spent four days marking up, reviewing their republican measure. Some contentious debate and you tweet about one of the dustups between democrat Sharrod Brown and orrin hatch the chairman of the committee. Does this give us any sense how the Senate Floor Debate will go . Yes. Democrats will continue to argue this is basically a tax plan for the rich. Its an ageold argument between them and republicans on tax reform. Senate finance chairman orrin hatch normally soft spoken became very heated and said democrats have been making these arguments for years and hes sick of it. This will not go away, this is part of the democratic messaging on this. We heard late week, senator johnson, republican, is opposed to the current measure, are there other Senate Republicans expressed opposition to the bill or leaning no on the bill . Senators Susan Collins and Lisa Murkowski are considered to be on the fence over various, basically over the individual mandate issue. Murkowski said she wants a guarantee a separate healthcare bill to shore up the obama subsidies will go through before she votes for tax reform and senator collins said shes a little hesitant voting to repeal individual mandates, sounds like she might be more cautious over the effects that could have on healthcare premium and wants assurances there as well. Other than those two, and senator johnson who has reservations over Small Business provisions, senators jeff flake and bob corker have also expressed some hesitancy over the cost of this package. Basically, its going to cost over a trillion over 10 years, protracted to cost over a trillion over 10 years, as deficit hawks they have reservations on that. And set to be brought to the floor after thanksgiving. Looking at the house and Senate Versions, you talked about a few of the Sticking Points, what else might we see in a potential Conference Committee . There are theres a repeal of a key Financing Mechanism for president trumps infrastructure plan within the house bill that isnt in the senate bill, thats something that could be a Sticking Point within conference and several members on the house side had reservations over that mainly transportation and infrastructure focused representatives, said that they would fight to try to get that put back into law and taking that repeal of that funding mechanism out within the conference. Thats a key difference between the senate and house versions. Also, mortgage Interest Deduction is something that really hits home to a lot of people. The house plan again would cut that in half. The senate bill doesnt really touch that nearly as much. Its possible they could wind up somewhere between those two. Colin wilhelm covers tax and Financial Services issues for politico. You can read more at politico. Com. Thanks for joining us. Thanks for having me, bill