10:00 a.m. today. the house will take it up today and likely pass it later today on to the senate, we'll have live coverage of the house back in on vel c-span. we learn about the tax reform effortos this morning's "washington journal." in the house band host: through the timing today of exactly when we can expect he votes in the house and senate and the confidence level

going into the votes among leadership. guest: well, the house is going o vote first and they are expecting to vote in the afternoon and send legislation senate. the the house can only 13 defected against the house version of the bill last month. o they can only afford 22 defections. the expectation is, according to my colleague, more republicans ill vote against this version on the blicans are generic ballot, a number of who are e republicans nervous. nervous it is going to pass and where it the senate s probably going to get

unanimous support. board and is now on suzanne collins and other key goingvote announced she's to be supporting this, as well. the only one who will not vote is john mccain because he's returned to arizona to undergo physical therapy after having treatment at walter reed center last week. host: if there is something going wrong with the republican it, where as they see is it expected to begin? what are you watching for today, surprise does come up? this will be a major surprise if a vote, this t would be shocking. you never know, you have to hold there is a surprise, i guess it would be in the

house, if you had some people facing tough elections, they don't want to vote for this thing. that would be quite a shock. host: you mentioned bob corker, controversy that flared up yesterday surrounding in this provisions egislation and whether they whe were or weren't directed to him personally. guest: corker was the only vote against this bill in the senate and he did so because he was concerned about deficit and said he changed his vote. it also was revealed over the provision was e added to the bill at the last moment that basically lowered tax rate for -- donald trump corker made -- speculation in the press that this provision was last to win corker.

made a request of orrin hatch and he assured the on ic this was not done corker's behalf, it was not a giveaway to the commercial real to bring corker on board, corker wanted to clear the air. go, alex boltonu tis big tax vote day, we are ust days away from potential government shutdown. can you take us through the -- st on negotiations

emocrats aren't going to agree to a year-long defense bill, it cr stopgap, in the senate, they pull defense add ng out and probably something else, susan collin ecessary return for the tax bill and that is murray alexander legislation to shore individual transform to subsidize insurance companies and sent be attached back to the house and i think rubber stamp

it -- up t: the house will take later this week today's business is final tax reform bill. house at up today and likely pass it, as you heard from alexander bolton and goes this afternoon. they will gavel in at 10 a.m. eastern here on c-span, more reform efforts from today's "washington journal." nate on tax reform, we joined with tw host: and as congress prepares to hold final votes in the house on tax reform, we're joined with two reporters on roundtable, day amanda g tax reform, becker professional correspondent, with reuters, capitol hill reporter with a lot to discuss about tax reform. laura davison,amanda want to ge is ahts, do you think this done deal at this point? are the votes in the bag as far vote counters are concerned? guest: it is never a done deal

until it is done, this is almost sure of a deal as anything has been. when the bill was in the house previously. without sail through much of a fuss. guest: comparing it to else this year, it doesn't give you that much certainty, it is more certain said, no known votes in the senate, that is watch in terms of it getting through. there might be a smattering of in the house

guest: i assume any drama in any be -- , going to host: laura davis? the : bob corker has been guy to watch. he was raising concerns over the summer about how this bill could deficit, only republican to vote no when the bill was in the senate and surprisingly he came out in support of the bill, some people say this is because the bill treats pastors and gives expanded benefit to real estate investors, which corker has real estate investment themselves, orrin hatch says this is an idea from the house and it bill. the original house he is the one person, if someone -- s, could be

guest: i can't say i don't know, room, closed e door negotiations that happened, i can't say with any definition, r --now, yes, cork er

host: the house is coming in at 9. house vote by income in this segment, if your income is under 202-748-8000 is the number for you. your income between $50,000 and $100,000, 202-748-8001. a you make over $100,000 2002 and line for business owners. provisions that impact business owners.

guest: there is payroll tax, income income tax, state tax, expected to get information from the employers around be uary, how you should calculateing that going forward, people should start to see after that. host: in terms of deductions, cannot take, it doesn't hit for another year after that; correct? guest: that will come into play you are filing taxes for 2018. -- will be march

host: those who wait until april it. to do guest: late march, 2019. biggestura davison, the impact for individuals, is it on the withholding side, is it the deduction side, what are you thinking for the general viewer who is out there watch something terms of numbers of people, most people itemize and more will likely itemize under bill. basically nearly doubles standard deduction, first of income. a couple, or individual, that is larger almost double what we have now, about 70% of people itemize, about 90% is what we're future. at in the

host: for the no votes we might see, especially on the house a big issue for folks back on november 16th, who voted o, republicans who -- gainst

to ask, wers wanted me impact to 401(k)'s, what impacts in this re be legislation being voted on? untouched, talked about taxing contributions up in t, largely unpopular retirement groups, whoa, this is people save.ge how have a problem with people not saving enough for retirement,

awmakers backed off this idea this, is something chairman of the ways and means committee wants to address next year, the different retirement accounts 401(k)'s into a simpler process, see if they are able to get that done, retirement like taxes and very touchy issue, going into difficult republicans are, next year.eason host: amander becker, one other question, impacts to members of and veterans, any specific provisions that might impact them? guest: they were allowed to keep benefits others lost. he moving deduction is a good one. host: what is that? guest: if i relocate for a job nd the employer didn't pay for moving expenses, i would be able to deduct moving expenses related to work, if i need to to california to take a job at another news organization or omething, they didn't pay for could deduct costs.

the average person lost that number to the military and kept that deduction. host: those are some of the cou questions about potential impact, the best thing to do take calls from viewers, split by income level, under $50,000 202-748-8000. $100,000 202-748-8001. 202-748-8002. and for business owners, 8003. let us know what your questions in sebring, florida, on the line for those who make under $50,000. john, go ahead. caller: two questions for you. he standard deduction used to be 6500, so that is -- are you there? go ahead. sir, john, caller: 6500. then itemized $25,000. so now they're going to cut the off and give tion 24,000 that is a thousand short. i'm for great president trump,

don't know how they come up with this deal on that. -- thank you. start on a, let you the deduction side. the standard deduction is double, they get rid of personal family, maybe e children

-- dren guest: specific provisions related to them or giving them deductions or anything like that. could be, i'm not aware of any, i have not read any and 500-page book. host: how about the child tax credit? uest: they doubled the child tax credit, around $2000 now for 17 and under, but you are losing the personal exemptions that you would normally be able to claim

and ourself, your spouse your children. it will be specific math to see everyone.sorts out for the personal exemption were more than the child tax credits are be, it is really going to depend on every person specific tax situation, how many they have, whether they are itemizing, whether they are oing to use double standard deduction and this map is going to play out over the next year. ryan we watch paul specifically talk about tax reform, big on having the post-cart, the say that this is what you want, what we want you taxes on, make it this simple you can do it on a that under n you do what the final legislation is, do you think it can be done on a postcard? guest: have to be a pretty big postcard. the house ady, on side, said on friday after they released the report, most have a couple more lines on it.

his is not the dramatic simplification of the tax code they were seeking, we have seven brackets, it could get more simpler and probably fewer people are going to take that standard deduction, but overall, this is tax a very complicated code and i would be surprised if many people are able to file on a postcard. host: laura davison, want your thoughts, as well. oday's "u.s.a. today," editorial board saying their view of the republican tax plan postcard test. guest: this is the issue they came in, do we do simple or fair? those can often be at odds. have collapse brackets and three or four different brackets, the problem, you end middle-income r families paying upper middle class person in the same ended , that is why they up doing this, seven brackets, same we have now, tweak the levels a nd income little bit, wasn't much in the

way of simplification happening there. is each tax credit, each deduction has constituency that ares about it, whether that be the moving deduction for veterans or medical expense or tate and local income tax deduction. it is really hard to get rid of those and ultimately staying, it isare tricky and some cases strong policy reason why you should that in. host: joline on the line for those who make between $50 and $100,000 a year. good morning. caller: good morning, thank you call.king my i have a comment, to me, i look tax plan, hear what people are saying about it, it at the top got immediate tax cut of 2.6%, i is.k it and what they are saying is yes, they got a tax cut, but we are environment te an for the middle class that will make it easier for them to earn people got so these money given to them, you guy

consist earn more money, the world will be better. now there is no hearings on that, no witnesses, no economic specialist came in, yes tis true true, i expected to see mnuchin somewhere saying something about this, i haven't that anywhere. and that was my comment. o you think there should have been a hearing on this and have specialists there to see what people think about this? host: last two reporters whose hearings.to cover go ahead. caller: this process was fast, complain it was rushed. republicans say we had hearings, wasn't after the actual bill tax was out. the d have hearings over last year. in terms of how it is going to workers, they do drop the top tax rate, they drop brackets.the we will see lower percentage in

he bracket, whatever bracket you fall in. again, all the changes on the temporary.side are after 2025, it reverts back to he current tax code for individuals and the way they've decided to index thing necessary inflation going forward will mean that after bills ome people's tax would be higher than if we kept things like they were today. the immediate future, most people should be seeing a tax cut. will see group that tax increases first, that is folks making 20 to $30,000 a year, the reason they are seeing pretty drastic tax increases, quickly than the rest of the population, because of appeal at the individual of ate, this is provision obamacare, said everyone needs people in rance and the bracket typically were eligible for government premium tax credits to fund the healthcare.

with the individual mandate longer people no required to get the tax credit. waiting in ohio, on the line for those who make over $100,000 a year. go ahead. caller: thank you. have heard about individual deductions eliminated or reduced the aven't heard about corporate side. what deductions have they eliminated and reduced. then the other question i have, in this tax bill, what companies to bring jobs back so if they ship united out of the states because they only have to per hour to people that work outside of the united encourages them to keep jobs here or create jobs here? the thanks for opening door to the question. becker.ith amanda guest: there isn't anything specific in terms of bringing

jobs back. ake the tax code more , cut the e overall 21%, companies pay 35% right now. it will remove incentive to to somewhere ons overseas, that is cheaper. hether that will turn out how they say is something that we're going to have to see over the the idea rs, that is of the changes on the business side. laura davison. guest: drops to 21% and get rid of corporate provisions, section 199 deduction, tax break for manufacturers and the rationale for getting rid of all is 14 with rate that percentage points lower, targeted breaks don't make sense. you go through the tax code

and scrub it of every provision, lower the rate to 28%. that is where you see the eficit spending coming in, losing 1.5 trillion and imbalance between what versus als are losing what corporations are losing. host: taking your calls and in ents, the house comes in 5 minutes, c-span wj, amanda becker that, italian girl writes, i wonder what the earned people earn tos, get earned income credit. can you just walk us through the earned income credit? guest: earned income tax credit, e were discussing this before we came on, this legislation doesn't change that at all, that income efit for lowest americans and that remains completely unchanged. is one provision democrats really love this, is sort of a benefit to help those income and those who are working incentive, canndable credit, so people

refund can ing tax see a boost and you see sales and furniture and people may not of combra caextra cash bigger t and make purchases. if this had been a bipartisan seen form, you would have some changes there, but epublicans don't really like a program, some variation of course, but they are concerned lot of abuse there. o a lot of small tweaks requiring more identification for people claiming that credit. host: we're asking what the bill means for you. you can give us a call, our lines are split by annual income, special line for 8003, we would love to hear from you, as well. john is on that line for those $100,000 a year, in indianapolis. john, go ahead. caller: middle