help pay for tax cuts elsewhere. here s another hang-up, the proposal to cap the new mortgage deductions at $500,000 instead of a million. well, again, that could hit states with expensive real estate, new york and california among others. the bill does preserve the property tax deduction of $10,000. it keeps 401(k) plans as they are, and it would go into effect january 1, 2018, meaning, david, that it s not retroactive. david: no. and that bothers a lot of people too because they were hoping for a boost going into 2018. reporter: i know. david deafd all right. a lot of critics are saying the republicans missed an opportunity to go big and bold. joining me now is forbes opinions editor john tammy and gary call palm. they have the house, the senate and the white house. everybody thought with that they re going to go as big and bold as, say, the democrats went eight years ago with health