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House Speaker Paul Ryan on FOX News Sunday says the reform bill with a trillion-dollar tax cut is on pace to pass the House by Thanksgiving. But critics say key deductions are being left out of the proposal.
Host Chris Wallace pressed the Speaker on what it could mean for many, like those paying off student loans:
(Wallace) "If I'm able to deduct the interest rate. Now I'm losing that, if I have huge medical expenses and I'm able to deduct the medical."
(Ryan) "In exchange for a tax cut, so you get to keep your money more in the first place. So you get to decide what you want to do with your money."
The GOP hopes to have a bill on the President's desk by year's end.
Gurnal Scott, FOX News.
