>> Celebrations by Republicans in the House of Representatives over their tax overhaul turned out to be premature Tuesday, after it was discovered the just-passed final bill ran afoul of Senate rules, and will have to be revoted on by the house, on Wednesday. Andy Sullivan has the details on the mistake.
>> They got some unwelcome news that a few elements in the bill didn't comply with Senate rules. That's gonna probably require a last-minute rewrite. They're gonna have to take those elements out. One of them gives a new tax break for private school tuition, the other one deals with private university endowments.
So that's gonna require the house to hold yet another vote on Wednesday, but all this does is delay the almost inevitable victory.>> What this is is real relief for families who are living out there, paycheck to paycheck, struggling to make ends meet.>> The plan permanently slashes the tax rate for U.S. corporations from 35% to 21%, and temporarily cuts taxes for millions of Americans.
>> It's not only good for economic growth and creating jobs, but it's historic in the simplification, where over 90% of American families will actually be able to do their taxes on a postcard.>> President Donald Trump promising a $2,000 cut for the typical American family of four. Democrats have opposed the tax plan from the beginning, saying it will widen inequality, weaken Obamacare, and put the nation $1 trillion deeper in debt.
>> Is there justice in a bill that explodes the national debt to give the wealthy and the well-connected a break, and sticks the debt with our children? Is that justice?>> No. I didn't think you thought so.>> If it clears the Senate as expected Tuesday night, the House will do a final vote Wednesday morning, before the bill can head to President Donald Trump's desk, for signing into law before the end of the week.