Threatened to derail it. Some include no reduction in the number of personal income tax brackets. There will still be seven. Taxes will be lower for many in those brackets. The biggest cut is for corporations where the tax rate drops to 21 . Individuals will be able to deduct up to 10,000. And the exemption for the estate tax will be doubled. A short time ago the president explains why he thinks this will be good for the middle class. This will be great for jobs. It will be fantastic tofor the middle inni middle in come people. If you look at the whole thing, everybodys going to benefit. But i think the greatest benefit is going to be for jobs and for the middle class. Middle income. Cnns Boris Sanchez is in washington at the white house. The president making defense of this bill but not quite doing a victory lap. Reporter thats right. Still kind of selling this bill. You could hear it from the details that hes pushing out. Theyre touting the benefits to the middle class of this bill.
with senator rubio and others to boost the child tax credit. bob corker had said he was a no and the consequences it could have on the nation s deficit. he s apparently overcome those reservations because now he s in the yes column as well sharing a congratulatory phone call with the president yesterday too. you then also had other senators that were undecided or on the fence making comments that they were likely to vote for this bill. the real question comes to attendance when this vote takes place, either late tuesday or on wednesday for the senate. you ll recall there are two senators with health issues, cochran, and john mccain. his office says he will be there, but sources tell cnn that haze health is still very frail. all right. boris sanchez, thank you so much. let s talk more. i want toe bring in lauren fox