Holdouts threaten to derail it. House Speaker Paul Ryan saying the vote could come as early as tuesday. Here are some of the key details. Despite a pledge to reduce the number of personal income tax brackets, this bill keeps all seven. Taxes will be lower for many in those brackets. The biggest cut is being saved for corporations where the tax rate drops to 21 from its current 35 . Also in the bill is a 2,000 Child Tax Credit. Thats important because it apparently was key in moving u. S. Senator rubios vote from a no to a yes. Individuals will also be able to deduct up to 10,000 in state and local taxes. And the exemption for the estate tax would be doubled. Republican senators got their way and the obamacare individual mandate will be eliminated. I want to bring in congressional reporter lauren fox, in washington, lauren, good to see you again. It was just six weeks ago that lawmakers got a look at this first draft. There was a lot of horse trading going on to get the votes that they need. Now feeling very confident. Senator marco rubio and bob corker on board. Are there other potential holdouts . Well, when we talked to republican leadership, they are feeling very confident about the fact that they will be able to deliver the votes on this signature legislative achievement for the year, something that republicans have been trying to get to president Donald Trumps desk for several months. And nearly a year at this point. So one thing to remember, senator bob corker coming out in support of this bill was huge yesterday, a major surprise on capitol hill. He had previously expressed many concerns about the fact that the bill would add too much money to the deficit. So the fact that he came out in support of the bill is major. Now, we have to remember, there are some senators who have not said explicitly they will be a yes. Senators like Susan Collins and senator mike lee of utah. Now, remember, they are saying they just need to read the bill, theyre not necessarily nos. They definitely sound like theyre leaning towards yes. Theyre not saying at this point how theyre going to vote. Because the bill just came out last night. Obviously this is a huge massive bill. More than 500 pages. And it takes some time to go through with your staff to make sure everything is the way that you want it to be if youre going to be lending your vote to it. Takes time to read 500 pages. The nonpartisan joint committee on taxation says the bill would increase deficits by almost 1. 5 trillion. You just mentioned corker, you know, at first said adding to the deficit would be a big turnoff. Hes changed his mind potentially. Are there other republicans openly raising concerns . Well, senator jeff flake has said that this can be a concern for him but he did vote for the bill the last time around and that was a similar estimate were seeing now. So without senator corker and if senator flake does end up voting for this bill, its very hard to say that theres anyone left whos scared this bill adds too much to the deficit. Seems like that concern has been on the back burner. They need a major legislative win to the president s desk before the holiday. Okay, to make it that Christmas Present, lauren fox, appreciate it. My political panel. Niger ennis is the National Spokesman for the congress of racial equality. And our other guest is a democratic strategist. Good to see you both. All right good morning. Good morning. Some say its not reform but it is a new plan. But regardless, will it be considered a victory for the president if indeed it passes . It will be considered a victory for the president i think in the short term. And lets be very clear, thats one of the reasons why they want to ram this bill through. Because they are desperate. They, the white house, and republicans in congress are desperate for legislative victory because they have had none. And President Trump promised so many things to all of his supporters during the campaign trail and has not been able to deliver legislatively on one of them except for maybe the Supreme Court justice so theyre desperate for this victory but i think it will be a very shortterm victory because going into the 2018 elections this, if it passes, this will have been the least popular bill that has passed in the last 30 years, fredricka, and most americans do not like this bill. Most americans understand that it is a big wet kiss to corporations and millionaires and billionaires like President Trump and all of his friends and they dont believe theyre going to see any tax cut whatsoever and some families, in fact, many families, are going to see a tax increase in the years beyond 2018. Its curious, you know, because a lot of lawmakers are now trying to read through 500 pages. Maybe some citizens are also trying to do the same. And already if this is a very unpopular bill, very unpopular congress and the latest Approval Ratings for the president , you know, at 33 , very unpopular president. You know, how will a win be gauged here if indeed it is passed . Well, its the first tax reform that has taken place in a generation, since 1986 if thats all unpopular for the American People i think an achievement . I think the jury is out on if this is going to be popular or not. Its really going to depend on the results. I mean, what the bet that donald trump and the congress is making is the same bet that john f. Kennedy made in the early 60s. The same bet that Ronald Reagan made which is that cutting taxes is going to generate Economic Growth. And theres no question that simplifying the Corporate Tax by reducing it to 21 but also eliminating over a dozen loopholes that currently exist in our tax code is definitely the bet that theyre making and the investment that theyre making is that this is going to bring back jobs to the country, that its going to increase wages and if that comes to fruition, certainly before the 2018, i think the popularity of this agenda and the trump economic plan will increase dramatically. Thats an oxymoron to say might there be any surprises. Of course if you knew there was a surprise, it wouldnt be a surprise. But remember for the latest, you know, health care reform, you know, plan i just recall, you know, Lindsey Graham, john mccain, in the hallway, seemingly that they were unified in endorsing it and then it was john mccain who surprised everybody with a big thumbs down. Might there be a moment like that or maybe the better way to phrase that question is, is there anticipation that there might be another moment like this or that on tax reform . I know that clearly republicans are confident this is going to pass, but what we have seen about what has happened so far is that you never know whats going to happen on a minute by minute basis, so anything could happen. If i were to put money on it, i would say it probably will pass. But, you know, this is a bet that theyre making. But i believe its going to be a bet that is going to fall on its face. This is not the same economy that president kennedy had. Its not the same economy that reagan had. And president kennedy, yes, he passed tax cuts but guess what, his focus was on tax cuts for the middle class. This is not a focus on tax cuts for the middle class. This is a focus on tax cuts for the wealthy and for corporations. The other thing is corporations are making record profits. What makes us think that by giving them even more money they are going to invest those profits in jobs and in increased salaries. People who believe that have not seen the history of what corporations do when they have more money. What do they do . They give it to their shareholders. They give it as Top Executive bonuses. Americans understand that. This is why trickle down economics doesnt work. It didnt work in the bush administrations. And every time the past two republican president s that were in office drove the economy into a hole trying to focus on trickle down economics and it took the two democratic president s that succeeded them to get the economy out of the hole. Are there republicans or lawmakers who are hoping people perhaps wont remember the trickle down theory or perhaps they didnt experience it and so thats why theyre on board with this . Well, i beg to differ with my colleague, maria. John f. Kennedys tax cuts were across the board. As were Ronald Reagans. When we were all in high school back in the late 70s and early 80s, we had this thing called the misery index. Which combined inflation with the unemployment rate. And which actually was closely correlated to crime rates. Meaning if the misery index was very, very high, crime rates would go soon to follow. Ronald reagan and paul volcker, the chair of the Federal Reserve at that time, broke the back of the misery index. At one time, the misery index i think under carter was close to 19 . It hasnt been above 10 since the close of the reagan administration. And that is because of the dramatic economic revolution that took place. And the unprecedented basically 20year prosperity economic boom, the biggest in World History and our country that took place from Ronald Reagan through bill clinton. So i beg to differ. I think that there there was a huge recession im sorry, there was a huge recession after president george h. W. Bush. Thats why clinton got elected. Youre forgetting history. There was a blip there was a blip of a recession, shes absolutely right. Because of trickle down economics. And i would argue because bush raised taxes because he was blackmailed by a democratic congress. There was not the winning argument nor evidence that these large corporations were actually creating more jobs. Thats what is being promised this thats right. But what is fredricka, what is evidence is our tax rate for corporations was making us uncompetitive with other industrialized nations that had their close rate closer to the 21 that were going to get to right now. Is that why corporations much more jobs back to the United States than overseas thats the slogan but, maria, is that going to be the reality . Well, look. If our corporations are at such a disadvantage, is that why theyre making record profits . Wow. I mean, thats just this does not match the reality, fredricka. The problem is when corporations make more money, they dont they have not shown recently that they invest them in making in either more salaries, raising salaries, which is what we need, or creating more jobs. You and i would both agree its far better for corporations to be making money by providing jobs here in the United States because the tax rate is much more in line with other industrialized nations than it is for them to go to other countries like ireland where the tax rate is the lower and then bringing shareholders that are benefiting from those new profits but there hasnt been history that dictates or shows that it created jobs and thats where we are. Well find out if things change we will see. And were at a 4 employment rate. That is almost, you know that is a historic low, thank you, president obama. Yeah, but the wages the wages have not gone up in a couple of decades for the American People. Thats exactly right. By giving more money to corporations, theres nothing to say that theyre going to making us more competitive. Keep in mind, its our money. Happy holiday, happy hanukkah and soon happy new year. Thanks, appreciate it. All right, straight ahead, north korea firing back in a war of words with the u. S. Plus, is secretary state Rex Tillerson on the same page as President Trump when it comes to north korea . When food is good and clean and real, its ok to crave. And with panera catering, theres more to go around. Panera. Food as it should be. Aswitch to new pantene light as air foam conditioner, full of rich prov nutrients. For 100 conditioning, 0 weight new pantene foam conditioner. Guess what i just got . Hello again. Hi. Get up to 400 towards a galaxy note8 or s8 with qualifying tradein. Only on samsung. Com this holiday, the real gift isnt whats inside the box. Its whats inside the person who opens it. 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Tillerson said north korea must earn its way back to the bargaining table. As i said earlier this week, a sustained cessation of north koreas threatening behavior must occur before talks can begin. North korea must earn its way back to the table. The Pressure Campaign must and will continue until denuclearization is achieved. We will keep our channels of communication open. Im joined now by elise labboth, cnns Global Affairs correspondent. Explain the significance of that Security Council meeting. Fred, i dont necessarily give much, you know, grecredenco that fiery rhetoric from north korea. These barbs between trump and sometimes even kim jongun, the leader of north korea himself, it looks like those two leaders have really gotten under each others skin. But i do think yesterdays meeting at the u. S. Security council was significant. The fact a north Korean Ambassador i think its been the last time the north Korean Ambassador was at the Security Council was ten years ago, and its unprecedented he was sitting in front of a u. S. Secretary of state at what we call a ministerial meeting of the council. Even though there was rhetoric, i think the fact you heard the north Korean Ambassador in the council speaking in english is, you know, kind of unprecedented step. I think we just have to see what follows from that. I think some of the rhetoric you see with the statements between President Trumps tweets and, you know, this kind of these statements from the north koreans i think is a little bit more noise. And then on tuesday, tillerson said the u. S. Was ready to start talks with north korea without preconditions. Are there mixed messages being sent . Well, i think this administration is not on the same page about how to solve the north korean problem. I think the goal is everyones goal is the same, which is to make north korea what we call denuclearize, give up the north Korean Nuclear program. How do they get to do it . Do you do it with rhetoric or a preemptive strike or do you do it with this Pressure Campaign and trying to get them to negotiate it. I think what we see playing out with tillerson and some of these reports out there is that there is a difference in the administration on how to go about this and its playing out in public. But i dont think the u. S. , whether its secretary tillerson or President Trump or anybody else, is going to just kind of sit down with the north koreans and let them dictate the terms of negotiations. I think what secretary tillerson was trying to say is we need to Start Talking it doesnt necessarily have to be about Nuclear Negotiations at first, but lets kind of start a dialogue. There are other issues that the u. S. And north korea have to discuss such as detained americans. There are several Americans Still being held by north korea. Maybe thats a way to Start Talking. But obviously if the u. S. And north korea were going to start formal negotiations on that Nuclear Program like, you know, theres some serious conditions on what the terms of those talks would be. All right, elise labbot in washington, thank you. The u. N. Secretarygeneral says the Korean Peninsula is the most tense and dangerous security issue in the world today. Congressman Brendan Boyle who is on the