zach is an amazing individual, he gave me a dream job. it s been a dream, you being here today. we are back monday at noon, harris is right now. harris: let s make a deal. we now know the details of the house and senate tax plan. can they work out some big differences with no time to waste? let s dive into the big differences between the plans which have to be hammered out quickly if republicans expect to have tax reform on the president s desk by christmas, you re looking live at our nation s capital on this fine friday. the senate land would delay the big corporate tax cut by a year. it has seven tax brackets compared to four in the house plan. the senate would keep the mortgage interest deduction at $1 million. the house would/it by half to $500,000. here s a big one. the senate plan removes the federal deduction of state and i m dana perino, comedian and local taxes, we ve been talking actor louis c.k. issuing a statement moments ago saying the
delay. yeah. steve: for the folks watching right now saying wait, why is it going to be a delayed a year. what s the explanation? well, that s our version on the senate side. the house has it kicking in immediately. we have to work out that difference at some point. the fact is there is only so much in revenue reduction we can do. under our rules, under the senate rules and the budget that we pass. and if you kick that in immediately on day one, there is more lost revenue than if you wait a year. that s the main driver. now, it is important that many of the other really pro-growth reforms kick in immediately like the business for business to completely deduct the cost of new equipment that they purchase when they purchase it. steve: with the house plan, i think there are three brackets plus the zero bracket. right. steve: under your plan you keep all seven brackets. yeah. steve: it doesn t look like it is the president wanted things simple. simplified impacting the middle cla
and they were not there for any reason except to honor the veterans and it was an incredible experience. rob: the way they were treated was outrageous and they were drafted to do a job and did it and came back to that kind of treatment and wonderful to see them being rectified. catharsis, i loved that. that was good. senate republicans rolling out their own version of the tax reform bill. democrats still not happy. why don t we do it where it is least opportunity for people to review it and to a very fast, speed of light in the dark of night in back rooms. rob: or next guest to complaint how the senate and house plan will put money back in your pocket. first we are excluding our veteran heroes this weekend and thank you so much to all who served this country. started shaking her fist
was overpaid after returning to the u.s. no word when the army will make that decision. but, of course, we will keep you updated when we hear any more information. steve: absolutely. thank you, jillian. bowe bergdahl broke a very important rule there are some suggestions he got soldiers killed and now the possibility that he would be getting back pay to the tune of $300,000? holy cow. what do you think of that? email us at friends@foxnews.com. disturbing new warning, terrorists turning drones into killing machines. the target? a commercial airliner. ainsley: county republicans tax plan be a win for american workers? our next guest says yes. he is willing to bet his manufacturing business on it. i ve been taking care of business every day taking care of business every way i ve been taking care of business it s all right taking care of business working overtime
jim hansen joined us earlier saying donald trump is changing the game, putting the world on notice that america is back. it was a pleasure to watch donald trump proclaim that we will put america first and point out to the world he is not going to put up with the bad actions we have in the past. rob: signing a proclamation saluting american heroes who served in the vietnam war ahead of veterans day which is tomorrow. the commander-in-chief praising veterans in the name at an american base used in the vietnam war. jillian: a critical step forward unveiling a new tax reform plan that gets rid of state and local tax deductions. griff jenkins joins us with how it differs from the house version. reporter: the senate unveils their plan and there are key differences from the house plan. the biggest difference the