but it s also rief with potential problem theirs. northeastern republicans already staging a mini revolt over the repeal over the state and local tax deduction for income and powerful interest groups like realtors and home builders vowing for the lack of home buying credit and $500,000 cap on the mortgage interest rate deduction for new home purchases. all as democrats, many of whom pledge to pose the bill before it was even released, attack proposal for favoring corporate cuts for relief for every day americans. big, wealthy corporations count far more than kids in this bill. reporter: but republicans are holding firm, driven by political imperatives, leaders will hope eventually somehow we re doing it. reporter: allow them to achieve a once in a generation goal. we re going to get this done. why? because the american people deserve this. reporter: you referenced the speed with which they re moving. they plan on moving this through committee next week.
the house floor after that. the senate will be moving it concurrently on that week and as you noted, they want this done, at least from each chamber, by thanksgiving, signed into law by christmas. that s speed that you just simply can t imagine for major legislation like this, but why are they moving it this quickly? one senior gop aid put it like this, the longer we leave this out there, it s just going to get whacked, we ll get whacked. they understand. this is complicated. this is rief with potential problems, that s why they re going to try to move as fast as possible, jake. phil matingly, thanks so much. joining me now, elizabeth warren of massachusetts, she serves on the banking committee in the senat senate. senator warren, thanks for being here. $1200 for the average family of four. middle income folks will that will allow them to pay for gas, pay down debt, renovate their homes, save for retirement. i know you oppose the part of this bill that goes to corporate america, co