Buy timewarner a big power lunch begins right now. Welcome to power lunch, im melissa lee. Were just off session lows but stocks have accelerated losses here in the afternoon. Worst day in nearly three months stocks pushing lower following new details of the new Senate Tax Plan including a possible delay in Corporate Tax cuts. For all the details we have, lets head to john harwood in washington john the senates got a problem, their budget reconciliation rule allows them only to reducethis tax bill as we have seen emerge in the house, is going to cost more than that in the shortterm and also raise the deficit in the longterm. Also not allowed under senate rules. So what the senate is trying to do is make adjustments both to get the votes and also to meet the rules, one of those judgm t adjustments is going to be raising the Corporate Tax rate going from 25 to 15 . From what i understand, the senate will not delay immediate expensing, which is likely to be the stimulus part of this bill