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Republicans ahead of the vote in the house. The president is counting on tax reform as he looks for the first major legislative accomplishment as we await the vote. Lets take a look at the highlights from the house version of the legislation. It lowers the Corporate Tax rate here in the United States from 35 to 20 . Reduces the number of tax brackets from seven to four and limits state and local Tax Deductions. It does not include the repeal of the obamacare individual mandate that is included in the senate bill right now. The average tax cut would be about 1200 next year and drops to 860 by 2027. That according to the tax policy center. It has been three decades since Congress Passed a major tax overhaul. House republicans are confident that this is indeed the moment. Lets go live to capitol hill. Phil matingly is on the scene for us. I assume the republicans are very optimistic and think they have the votes to pass their version of the tax cuts within the next several minutes. Accord

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