table. >> passed the house. >> the tax cuts -- >> and senate. >> -- act is passed -- >> in late december. >> mitch, how about you start it. >> republicans were efuse 97 their praise of the president. >> it's been a year of extraordinary accomplishment for the trump administration. >> something this profound could not have been done without exquisite presidential leadership. >> you're one heck of a leader. >> the bill cuts taxes for the middle class, but those tax cuts are set to expire in 2025. the corporate tax rate has been slashed from 35% to 21%. and that's permanent. and a priority for the president, who insimmsed that cut will grow the economy. >> ultimately, what does it mean? it means jobs. jobs, jobs, jobs. >> maybe. as of now, the tax cut is unpopular. largely perceived as disproportionately favoring the wealthy. >> what we got is a tax