Deal Reached On Tax Reform, No Word On How Stefanik Will Vote

House and Senate Republicans have reached an agreement and created a final version of their tax reform plan.

It lowers the corporate tax rate to 21 percent, and the top individual tax rate to 37 percent, and keeps deductions for student loans and medical expenses.

They're actions that Congresswoman Elise Stefanik says she's happy with.

She says the plan is moving in a "positive direction to make it flexible for state income tax deduction."

Stefanik voted against the plan when it came up in the House because she felt it didn't give enough tax relief to New Yorkers.

As for the final version, we reached out, but did not get an answer on how she will vote.

The bill was also finalized with a last-minute change to expand the child tax credit, from $1,000 dollars to $1,400 - a demand made by Senators Mike Lee and Marco Rubio.

Rubio now plans to vote yes.

"It's amazing what they can do when they want to do it," said Rubio (R. - Florida).

Republicans hope to have a vote early next week.

"I think that we are going to be in a position to pass something as early as next week, which will be monumental," said President Donald Trump.

Democrats say it's too soon though. Senator Chuck Schumer thinks a vote shouldn't happen before newly elected Senator Doug Jones takes office.

"It would be wrong for Senate Republicans to jam through this tax bill without giving the newly elected senator from Alabama the opportunity to cast his vote," said Schumer (D. - New York).

But Republicans want to move quickly.

There was concern with Senators John McCain and Thad Cochran, who are both ill and have missed votes this week.

But Republican leaders are confident they'll make it and will have enough votes to pass.