Also yet to be finalized is the issue of whether or not some cuts should be temporary or gradual. On Monday, Bloomberg reported that the House tax-writing committee was mulling over the possibility of a “gradual phase-in” of the corporate tax rate cut from 35 percent to 20 percent, wherein the rate would hit 20 percent in 2022, though the White House is said to be unenthused by the idea.

But while Ryan et. al. clearly have a long night ahead of them, unless they change virtually everything in the Big Six plan, the wealthy will still disproportionately be the winners of this bill, while many in the middle class could see their taxes increase. That hasn’t stopped President McTweets-a-Lot from claiming that any criticism by Democrats is fake news and that in their hearts they know the bill is all about the common man.

“The Democrats will say our tax bill is for the rich, but they know it’s not,” Trump said Tuesday at the White House, surrounded by business leaders. “And what they will do is—they don’t even know the tax bill. The tax bill hasn’t even been really put out yet. It will be over the next short period of time. But they immediately say, ‘Oh, it’s for the rich, it’s for the rich’—because that’s the right thing to say, I mean, for them. But it doesn’t work and they know that.”

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Trump’s alma-mater: G.O.P. tax plan will make the deficit skyrocket

Though we can’t say for sure, the odds that Donald Trump’s daily to-do list includes an entry that reads “remind people I am very smart,” in between “call Forbes to yell about ranking on Rich List” and “tweet about Crooked Hillary,” are very high. To back up his claims about his intelligence, Trump often likes to note that he went to a prestigious school. “I went to an Ivy League college,“ he told reporters last week during an impromptu press conference on the White House lawn. “I did very well. I‘m a very intelligent person”—never mind the fact that Wharton, where Trump enrolled after transferring from Fordham, seemingly wants nothing to do with him. Given his recent blustering, the Philadelphia business school’s assessment of the tax plan Trump wants to pass by Christmas has got to hurt: