Legislation has not been released. We do have some key provisions. Reportedly lowers the Corporate Tax rate from 35 to 21 . The top individual rate for the wealthiest drops from 39. 6 to 37 . The compromise bill caps deduction for state taxes and property taxes at 10,000. It allows a mortgage Interest Deduction for loans up to 750,000. Live coverage Caroline Shively in washington dc with more. Reporter gop leaders scramble to finish their tax reform bill behind closed doors. Trump was out front promising miraculous results. We stand on the verge of a new economic miracle. Reporter pushing aside claims tax reform claims the the typical family of four earning 75,000 was he an income tax cut of more than 2000. Slashing their tax bill in half. Put mac negotiators are making changes. The Corporate Tax rate expected to be at 21 . Down from the current level of 35 . The top individual tax rate is going down from 39 to about 37 . The mortgage Interest Deduction will fall in the 700,000 range f